Merit Financial Group LLC bought a new position in W.W. Grainger, Inc. (NYSE:GWW – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 378 shares of the industrial products company’s stock, valued at approximately $399,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Insigneo Advisory Services LLC lifted its holdings in shares of W.W. Grainger by 25.4% in the 2nd quarter. Insigneo Advisory Services LLC now owns 257 shares of the industrial products company’s stock worth $244,000 after acquiring an additional 52 shares during the last quarter. AQR Capital Management LLC raised its position in W.W. Grainger by 4.3% in the 2nd quarter. AQR Capital Management LLC now owns 62,538 shares of the industrial products company’s stock worth $56,424,000 after purchasing an additional 2,554 shares during the period. APG Asset Management N.V. lifted its stake in W.W. Grainger by 187.0% in the second quarter. APG Asset Management N.V. now owns 5,065 shares of the industrial products company’s stock worth $4,264,000 after purchasing an additional 3,300 shares during the last quarter. Daymark Wealth Partners LLC boosted its position in W.W. Grainger by 2.9% during the second quarter. Daymark Wealth Partners LLC now owns 741 shares of the industrial products company’s stock valued at $669,000 after buying an additional 21 shares during the period. Finally, MBB Public Markets I LLC purchased a new stake in W.W. Grainger during the second quarter valued at about $2,905,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.
Insider Activity at W.W. Grainger
In other W.W. Grainger news, VP Paige K. Robbins sold 9,577 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the completion of the transaction, the vice president now owns 4,379 shares in the company, valued at $4,895,021.36. The trade was a 68.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Laurie R. Thomson sold 125 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the completion of the transaction, the vice president now owns 675 shares in the company, valued at approximately $814,070.25. The trade was a 15.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,406 shares of company stock valued at $11,634,643 over the last 90 days. 9.50% of the stock is owned by corporate insiders.
W.W. Grainger Stock Up 0.1 %
W.W. Grainger (NYSE:GWW – Get Free Report) last released its earnings results on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing analysts’ consensus estimates of $9.98 by ($0.11). The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. W.W. Grainger’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.43 EPS. As a group, equities analysts forecast that W.W. Grainger, Inc. will post 38.95 EPS for the current year.
W.W. Grainger Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 11th were issued a dividend of $2.05 per share. The ex-dividend date was Friday, November 8th. This represents a $8.20 annualized dividend and a dividend yield of 0.73%. W.W. Grainger’s dividend payout ratio (DPR) is 22.23%.
Wall Street Analysts Forecast Growth
GWW has been the subject of a number of recent research reports. Robert W. Baird raised W.W. Grainger from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $975.00 to $1,230.00 in a research note on Wednesday, October 16th. Loop Capital boosted their price objective on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Baird R W upgraded shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Morgan Stanley upped their price target on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a report on Tuesday, November 19th. Finally, Royal Bank of Canada raised their price target on shares of W.W. Grainger from $1,018.00 to $1,125.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $1,140.56.
Get Our Latest Stock Report on W.W. Grainger
About W.W. Grainger
W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.
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