Guided Capital Wealth Management LLC cut its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 31.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,062 shares of the industrial products company's stock after selling 478 shares during the quarter. W.W. Grainger makes up approximately 0.9% of Guided Capital Wealth Management LLC's investment portfolio, making the stock its 27th largest holding. Guided Capital Wealth Management LLC's holdings in W.W. Grainger were worth $1,049,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of W.W. Grainger by 46.8% during the fourth quarter. Brighton Jones LLC now owns 320 shares of the industrial products company's stock valued at $338,000 after acquiring an additional 102 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of W.W. Grainger by 24.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,718 shares of the industrial products company's stock valued at $4,915,000 after acquiring an additional 927 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of W.W. Grainger by 44.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 310 shares of the industrial products company's stock valued at $327,000 after acquiring an additional 96 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of W.W. Grainger by 2.8% during the fourth quarter. Sanctuary Advisors LLC now owns 6,489 shares of the industrial products company's stock valued at $7,307,000 after acquiring an additional 178 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of W.W. Grainger by 4.4% during the fourth quarter. CIBC Asset Management Inc now owns 6,908 shares of the industrial products company's stock valued at $7,281,000 after acquiring an additional 291 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, VP Laurie R. Thomson sold 761 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $1,042.86, for a total transaction of $793,616.46. Following the transaction, the vice president now owns 578 shares in the company, valued at $602,773.08. This trade represents a 56.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Deidra C. Merriwether sold 1,164 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $997.12, for a total value of $1,160,647.68. Following the transaction, the chief financial officer now owns 10,235 shares in the company, valued at $10,205,523.20. This trade represents a 10.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,205 shares of company stock worth $2,255,320. Corporate insiders own 6.10% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on GWW shares. Royal Bank Of Canada upped their price objective on shares of W.W. Grainger from $1,097.00 to $1,144.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. William Blair upgraded shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a report on Monday, March 10th. Wolfe Research downgraded shares of W.W. Grainger from a "peer perform" rating to an "underperform" rating and set a $966.00 price target on the stock. in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. raised 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $1,123.13.
Get Our Latest Report on W.W. Grainger
W.W. Grainger Trading Down 0.2%
NYSE GWW opened at $1,043.27 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.74 and a quick ratio of 1.60. W.W. Grainger, Inc. has a 1 year low of $888.75 and a 1 year high of $1,227.66. The company has a fifty day moving average of $1,050.75 and a 200 day moving average of $1,049.74. The company has a market capitalization of $50.12 billion, a PE ratio of 26.78, a P/E/G ratio of 2.74 and a beta of 1.21.
W.W. Grainger (NYSE:GWW - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $9.86 EPS for the quarter, topping the consensus estimate of $9.51 by $0.35. W.W. Grainger had a return on equity of 51.28% and a net margin of 11.08%. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same quarter in the prior year, the firm posted $9.62 EPS. The business's quarterly revenue was up 1.7% compared to the same quarter last year. Research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.
W.W. Grainger Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Monday, May 12th were given a $2.26 dividend. This represents a $9.04 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Monday, May 12th. This is a positive change from W.W. Grainger's previous quarterly dividend of $2.05. W.W. Grainger's dividend payout ratio is currently 23.21%.
About W.W. Grainger
(
Free Report)
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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