OneDigital Investment Advisors LLC Trims Holdings in W.W. Grainger, Inc. (NYSE:GWW)

OneDigital Investment Advisors LLC trimmed its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 52.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 393 shares of the industrial products company's stock after selling 437 shares during the quarter. OneDigital Investment Advisors LLC's holdings in W.W. Grainger were worth $388,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GWW. Bancreek Capital Management LP bought a new stake in W.W. Grainger during the fourth quarter worth about $3,687,000. Golden State Wealth Management LLC lifted its holdings in shares of W.W. Grainger by 1,685.7% during the first quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company's stock valued at $123,000 after purchasing an additional 118 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of W.W. Grainger by 5.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,095 shares of the industrial products company's stock valued at $5,033,000 after purchasing an additional 256 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of 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 worth $33,506,000 after purchasing an additional 18,216 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of W.W. Grainger by 2.2% in 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 last quarter. 80.70% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Laurie R. Thomson sold 761 shares of W.W. Grainger stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $1,042.86, for a total transaction of $793,616.46. Following the transaction, the vice president owned 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 legal filing with the SEC, which is available through this hyperlink. Also, 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 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 position. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on GWW shares. Wolfe Research cut W.W. Grainger from a "peer perform" rating to an "underperform" rating and set a $966.00 price objective for the company. in a research note on Thursday, April 3rd. JPMorgan Chase & Co. lifted their price target on 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. Morgan Stanley dropped 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 note on Friday. Finally, Royal Bank Of Canada raised 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 research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $1,116.25.

W.W. Grainger Stock Performance

Shares of NYSE GWW traded up $11.84 during trading on Friday, reaching $1,059.71. 324,808 shares of the company traded hands, compared to its average volume of 243,561. The firm has a 50 day simple moving average of $1,062.21 and a 200-day simple moving average of $1,037.94. W.W. Grainger, Inc. has a 52-week low of $893.99 and a 52-week high of $1,227.66. The stock has a market capitalization of $50.91 billion, a PE ratio of 26.73, a P/E/G ratio of 2.75 and a beta of 1.18. The company has a quick ratio of 1.60, a current ratio of 2.74 and a debt-to-equity ratio of 0.59.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $9.86 EPS for the quarter, topping analysts' consensus estimates of $9.51 by $0.35. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.31 billion. W.W. Grainger had a net margin of 11.08% and a return on equity of 51.28%. The firm's revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.62 EPS. Equities research analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Monday, May 12th were given a dividend of $2.26 per share. The ex-dividend date was Monday, May 12th. This represents a $9.04 annualized dividend and a dividend yield of 0.85%. This is a positive change from W.W. Grainger's previous quarterly dividend of $2.05. W.W. Grainger's dividend payout ratio is presently 23.21%.

W.W. Grainger 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.