Axxcess Wealth Management LLC Has $1.04 Million Stake in W.W. Grainger, Inc. (NYSE:GWW)

Axxcess Wealth Management LLC trimmed its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,005 shares of the industrial products company’s stock after selling 10 shares during the quarter. Axxcess Wealth Management LLC’s holdings in W.W. Grainger were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Optas LLC lifted its holdings in shares of W.W. Grainger by 0.8% during the 2nd quarter. Optas LLC now owns 1,353 shares of the industrial products company’s stock valued at $1,221,000 after buying an additional 11 shares during the last quarter. CX Institutional raised its stake in shares of W.W. Grainger by 0.9% in the 3rd quarter. CX Institutional now owns 1,191 shares of the industrial products company’s stock valued at $1,237,000 after acquiring an additional 11 shares in the last quarter. Sage Mountain Advisors LLC raised its stake in shares of W.W. Grainger by 4.4% in the 2nd quarter. Sage Mountain Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 12 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of W.W. Grainger by 2.7% in the 2nd quarter. Ritholtz Wealth Management now owns 463 shares of the industrial products company’s stock valued at $418,000 after acquiring an additional 12 shares in the last quarter. Finally, Garner Asset Management Corp raised its stake in shares of W.W. Grainger by 0.7% in the 2nd quarter. Garner Asset Management Corp now owns 1,635 shares of the industrial products company’s stock valued at $1,476,000 after acquiring an additional 12 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GWW shares. Loop Capital raised their price objective on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. raised their price objective on W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. StockNews.com raised W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Wolfe Research raised W.W. Grainger to a “hold” rating in a research report on Sunday, September 22nd. Finally, Royal Bank of Canada lifted their price target on W.W. Grainger from $1,018.00 to $1,125.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, W.W. Grainger currently has a consensus rating of “Hold” and a consensus target price of $1,058.50.

Insider Activity at W.W. Grainger

In related news, CFO Deidra C. Merriwether sold 704 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $1,105.59, for a total value of $778,335.36. Following the sale, the chief financial officer now owns 9,509 shares of the company’s stock, valued at $10,513,055.31. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other W.W. Grainger news, CFO Deidra C. Merriwether sold 704 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $1,105.59, for a total value of $778,335.36. Following the transaction, the chief financial officer now owns 9,509 shares of the company’s stock, valued at approximately $10,513,055.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Donald G. Macpherson sold 27,502 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 111,559 shares in the company, valued at approximately $111,650,478.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,775 shares of company stock valued at $52,489,979 in the last 90 days. 9.50% of the stock is owned by corporate insiders.

W.W. Grainger Price Performance

Shares of NYSE:GWW opened at $1,207.68 on Wednesday. W.W. Grainger, Inc. has a 1-year low of $772.13 and a 1-year high of $1,227.66. The firm has a market capitalization of $58.81 billion, a PE ratio of 32.74, a PEG ratio of 3.32 and a beta of 1.15. The business’s 50 day moving average is $1,064.20 and its 200-day moving average is $983.47. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing the consensus estimate of $9.98 by ($0.11). The company had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.40 billion. W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. W.W. Grainger’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.43 EPS. Sell-side analysts predict that W.W. Grainger, Inc. will post 38.91 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Monday, November 11th will be paid a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, November 8th. W.W. Grainger’s dividend payout ratio is 22.23%.

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.