206 Shares in W.W. Grainger, Inc. (NYSE:GWW) Bought by Inspirion Wealth Advisors LLC

Inspirion Wealth Advisors LLC purchased a new position in shares of W.W. Grainger, Inc. (NYSE:GWW) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 206 shares of the industrial products company’s stock, valued at approximately $214,000.

Other large investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC lifted its stake in W.W. Grainger by 17.4% in the 1st quarter. Clearbridge Investments LLC now owns 1,148,051 shares of the industrial products company’s stock valued at $1,167,913,000 after purchasing an additional 169,897 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in W.W. Grainger by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 360,026 shares of the industrial products company’s stock valued at $324,841,000 after buying an additional 17,699 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in W.W. Grainger in the second quarter valued at approximately $281,104,000. Hsbc Holdings PLC lifted its holdings in W.W. Grainger by 0.8% during the 2nd quarter. Hsbc Holdings PLC now owns 243,470 shares of the industrial products company’s stock valued at $219,386,000 after purchasing an additional 1,849 shares during the last quarter. Finally, FIL Ltd boosted its position in W.W. Grainger by 21.4% during the fourth quarter. FIL Ltd now owns 240,856 shares of the industrial products company’s stock worth $199,595,000 after purchasing an additional 42,395 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

GWW has been the topic of several research analyst reports. Morgan Stanley assumed coverage on shares of W.W. Grainger in a research report on Friday, September 6th. They issued an “equal weight” rating and a $990.00 price objective on the stock. Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a report on Sunday, September 22nd. Royal Bank of Canada cut their price objective on shares of W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Erste Group Bank reaffirmed a “hold” rating on shares of W.W. Grainger in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co. lifted their price target on W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, W.W. Grainger presently has an average rating of “Hold” and a consensus price target of $1,014.11.

W.W. Grainger Price Performance

W.W. Grainger stock traded up $4.09 during mid-day trading on Friday, reaching $1,033.24. 95,966 shares of the company were exchanged, compared to its average volume of 235,745. The company has a fifty day simple moving average of $986.34 and a 200-day simple moving average of $960.24. The firm has a market cap of $50.70 billion, a PE ratio of 28.53, a PEG ratio of 2.07 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.30 and a quick ratio of 1.40. W.W. Grainger, Inc. has a 12 month low of $674.41 and a 12 month high of $1,049.02.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, beating analysts’ consensus estimates of $9.58 by $0.18. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the previous year, the firm earned $9.28 earnings per share. W.W. Grainger’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities research analysts expect that W.W. Grainger, Inc. will post 38.75 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Monday, August 12th were issued a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Monday, August 12th. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.64%.

Insider Buying and Selling

In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,992 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the completion of the transaction, the chief executive officer now directly owns 98,567 shares in the company, valued at $102,281,004.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of W.W. Grainger stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the transaction, the chief executive officer now owns 111,559 shares in the company, valued at $111,650,478.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Donald G. Macpherson sold 12,992 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the completion of the transaction, the chief executive officer now directly owns 98,567 shares of the company’s stock, valued at $102,281,004.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by company insiders.

W.W. Grainger Company Profile

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.