583 Shares in W.W. Grainger, Inc. (NYSE:GWW) Purchased by Fiduciary Family Office LLC

Key Points

• Fiduciary Family Office LLC has made a new investment of $576,000 in W.W. Grainger, Inc., acquiring 583 shares of the company's stock.
• The company reported a net margin of 10.99% and a revenue increase of 5.6% compared to the same quarter last year, with quarterly revenue reaching $4.55 billion.
• W.W. Grainger announced a quarterly dividend of $2.26 per share, resulting in an annualized dividend of $9.04 and a yield of 1.0%.

Fiduciary Family Office LLC acquired a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 583 shares of the industrial products company's stock, valued at approximately $576,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GWW. N.E.W. Advisory Services LLC bought a new stake in shares of W.W. Grainger during the first quarter valued at approximately $25,000. Investment Management Corp VA ADV bought a new stake in shares of W.W. Grainger during the fourth quarter valued at approximately $35,000. Cornerstone Planning Group LLC raised its position in shares of W.W. Grainger by 34.3% during the first quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company's stock valued at $47,000 after buying an additional 12 shares during the last quarter. Quarry LP bought a new stake in shares of W.W. Grainger during the fourth quarter valued at approximately $54,000. Finally, Columbia River Financial Group LLC bought a new stake in shares of W.W. Grainger during the first quarter valued at approximately $65,000. Institutional investors own 80.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GWW shares. JPMorgan Chase & Co. boosted their price target on shares of W.W. Grainger from $1,100.00 to $1,125.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 27th. Loop Capital reduced their price target on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a research report on Monday, August 4th. Morgan Stanley reduced their price target 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 research report on Friday, July 11th. Finally, Royal Bank Of Canada reduced their price target 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 research report on Monday, August 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $1,080.38.

Insider Activity

In other news, VP Krantz Nancy L. Berardinelli sold 280 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $1,075.20, for a total transaction of $301,056.00. Following the completion of the sale, the vice president directly owned 3,369 shares of the company's stock, valued at approximately $3,622,348.80. The trade was a 7.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.10% of the company's stock.

W.W. Grainger Trading Down 1.0%

GWW stock traded down $9.97 during mid-day trading on Monday, reaching $940.16. 254,462 shares of the stock traded hands, compared to its average volume of 398,299. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. W.W. Grainger, Inc. has a one year low of $893.99 and a one year high of $1,227.66. The stock has a market capitalization of $44.97 billion, a PE ratio of 23.86, a PEG ratio of 2.76 and a beta of 1.18. The business has a 50-day moving average price of $1,035.02 and a two-hundred day moving average price of $1,026.31.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 earnings per share 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 for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the firm earned $9.76 EPS. The company's revenue was up 5.6% on a year-over-year basis. Equities research analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Monday, August 11th will be paid a dividend of $2.26 per share. This represents a $9.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, August 11th. W.W. Grainger's payout ratio is currently 22.94%.

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.