Callan Family Office LLC Purchases 2,715 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Key Points

• Callan Family Office LLC increased its holdings in W.W. Grainger by 141.6%, acquiring an additional 2,715 shares, bringing its total to 4,632 shares valued at $4.576 million.
• W.W. Grainger's stock recently reported a 1.0% decline in value, with shares opening at $940.16 and a market capitalization of approximately $44.97 billion.
• The company announced a quarterly dividend of $2.26 per share, with an annualized yield of 1.0%, reflecting a payout ratio of 22.94%.

Callan Family Office LLC grew its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 141.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,632 shares of the industrial products company's stock after purchasing an additional 2,715 shares during the period. Callan Family Office LLC's holdings in W.W. Grainger were worth $4,576,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC raised its holdings in W.W. Grainger by 1,685.7% during the 1st quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company's stock worth $123,000 after purchasing an additional 118 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of W.W. Grainger by 5.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,095 shares of the industrial products company's stock worth $5,033,000 after purchasing an additional 256 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in W.W. Grainger by 116.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,917 shares of the industrial products company's stock valued at $33,506,000 after acquiring an additional 18,216 shares during the period. GAMMA Investing LLC increased its position in W.W. Grainger by 2.2% during the 1st quarter. GAMMA Investing LLC now owns 701 shares of the industrial products company's stock worth $692,000 after buying an additional 15 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in W.W. Grainger by 8.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,970 shares of the industrial products company's stock worth $6,796,000 after buying an additional 564 shares during the period. 80.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on W.W. Grainger from $1,100.00 to $1,125.00 and gave the stock a "neutral" rating in a report on Tuesday, May 27th. Royal Bank Of Canada decreased their target price on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a "sector perform" rating on the stock in a report on Monday, August 4th. Morgan Stanley decreased their target price on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating on the stock in a report on Friday, July 11th. Finally, Loop Capital decreased their target price on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a report on Monday, August 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, W.W. Grainger presently has a consensus rating of "Hold" and a consensus target price of $1,080.38.

W.W. Grainger Trading Down 0.4%

Shares of GWW traded down $3.96 during mid-day trading on Friday, reaching $970.60. 237,290 shares of the company were exchanged, compared to its average volume of 287,433. W.W. Grainger, Inc. has a 52 week low of $893.99 and a 52 week high of $1,227.66. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. The stock has a market capitalization of $46.42 billion, a PE ratio of 24.63, a PEG ratio of 2.85 and a beta of 1.18. The business has a 50 day simple moving average of $1,028.38 and a two-hundred day simple moving average of $1,024.46.

W.W. Grainger (NYSE:GWW - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing analysts' consensus estimates of $10.07 by ($0.10). W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period last year, the business posted $9.76 EPS. The company's revenue was up 5.6% on a year-over-year basis. On average, analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Monday, August 11th will be paid a $2.26 dividend. The ex-dividend date is Monday, August 11th. This represents a $9.04 annualized dividend and a dividend yield of 0.9%. W.W. Grainger's payout ratio is presently 22.94%.

Insider Activity

In other W.W. Grainger news, VP Krantz Nancy L. Berardinelli sold 280 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $1,075.20, for a total value of $301,056.00. Following the sale, the vice president directly owned 3,369 shares in the company, valued at $3,622,348.80. The trade was a 7.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.10% of the stock is currently owned by insiders.

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.