Teamwork Financial Advisors LLC Sells 12,513 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Teamwork Financial Advisors LLC reduced its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 92.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,058 shares of the industrial products company's stock after selling 12,513 shares during the period. Teamwork Financial Advisors LLC's holdings in W.W. Grainger were worth $1,046,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Bancreek Capital Management LP bought a new position in W.W. Grainger during the fourth quarter worth about $3,687,000. Columbus Macro LLC lifted its position in shares of W.W. Grainger by 484.2% during the fourth quarter. Columbus Macro LLC now owns 5,830 shares of the industrial products company's stock worth $6,145,000 after acquiring an additional 4,832 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of W.W. Grainger by 29.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,833 shares of the industrial products company's stock worth $1,932,000 after acquiring an additional 414 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of W.W. Grainger by 66.3% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,188 shares of the industrial products company's stock worth $2,306,000 after acquiring an additional 872 shares during the period. Finally, AustralianSuper Pty Ltd grew its position in shares of W.W. Grainger by 694.1% in the fourth quarter. AustralianSuper Pty Ltd now owns 76,674 shares of the industrial products company's stock valued at $80,818,000 after purchasing an additional 67,018 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

W.W. Grainger Price Performance

GWW traded up $7.58 during midday trading on Thursday, hitting $1,083.54. The stock had a trading volume of 144,867 shares, compared to its average volume of 250,479. W.W. Grainger, Inc. has a 1 year low of $874.98 and a 1 year high of $1,227.66. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49. The business has a fifty day moving average of $1,028.17 and a 200 day moving average of $1,058.34. The company has a market cap of $52.05 billion, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 2.70 and a beta of 1.24.

W.W. Grainger (NYSE:GWW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $9.86 earnings per share for the quarter, topping analysts' consensus estimates of $9.51 by $0.35. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.31 billion. W.W. Grainger had a net margin of 11.12% and a return on equity of 52.43%. The business's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $9.62 EPS. As a group, equities analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Monday, May 12th were issued a $2.26 dividend. This is a boost from W.W. Grainger's previous quarterly dividend of $2.05. The ex-dividend date of this dividend was Monday, May 12th. This represents a $9.04 annualized dividend and a dividend yield of 0.83%. W.W. Grainger's dividend payout ratio (DPR) is currently 23.21%.

Insider Buying and Selling

In other W.W. Grainger news, VP Laurie R. Thomson sold 761 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $1,042.86, for a total value of $793,616.46. Following the completion of the transaction, the vice president now owns 578 shares of the company's stock, valued at approximately $602,773.08. The trade was a 56.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Deidra C. Merriwether sold 1,164 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $997.12, for a total transaction of $1,160,647.68. Following the sale, the chief financial officer now directly owns 10,235 shares in the company, valued at approximately $10,205,523.20. The trade was a 10.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock valued at $2,255,320 over the last three months. 6.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. William Blair raised W.W. Grainger from a "market perform" rating to an "outperform" rating in a report on Monday, March 10th. Wolfe Research lowered shares of W.W. Grainger from a "peer perform" rating to an "underperform" rating and set a $966.00 target price on the stock. in a report on Thursday, April 3rd. JPMorgan Chase & Co. increased their target price on shares of W.W. Grainger from $1,100.00 to $1,125.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 27th. Finally, Royal Bank of Canada boosted their price target on shares of W.W. Grainger from $1,097.00 to $1,144.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, W.W. Grainger has a consensus rating of "Hold" and a consensus target price of $1,123.13.

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.