1858 Wealth Management LLC Has $520,000 Position in W.W. Grainger, Inc. (NYSE:GWW)

1858 Wealth Management LLC reduced its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 68.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 501 shares of the industrial products company’s stock after selling 1,072 shares during the quarter. 1858 Wealth Management LLC’s holdings in W.W. Grainger were worth $520,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in GWW. HWG Holdings LP bought a new stake in shares of W.W. Grainger in the second quarter valued at about $26,000. Valued Wealth Advisors LLC raised its stake in shares of W.W. Grainger by 170.0% in the first quarter. Valued Wealth Advisors LLC now owns 27 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 17 shares during the last quarter. Washington Trust Advisors Inc. raised its stake in shares of W.W. Grainger by 225.0% in the first quarter. Washington Trust Advisors Inc. now owns 39 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 27 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of W.W. Grainger in the first quarter valued at approximately $41,000. Finally, Triad Wealth Partners LLC bought a new position in shares of W.W. Grainger in the second quarter valued at approximately $42,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at W.W. Grainger

In other news, CEO Donald G. Macpherson sold 12,992 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the transaction, the chief executive officer now directly owns 98,567 shares in the company, valued at $102,281,004.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Donald G. Macpherson sold 12,992 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the transaction, the chief executive officer now directly owns 98,567 shares in the company, valued at $102,281,004.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Donald G. Macpherson sold 27,502 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,000.82, for a total transaction of $27,524,551.64. Following the completion of the transaction, the chief executive officer now owns 111,559 shares in the company, valued at approximately $111,650,478.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Baird R W upgraded shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their price target on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Loop Capital raised their price target on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a report on Monday. Royal Bank of Canada lowered their price target on shares of W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. Finally, Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a report on Sunday, September 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $1,043.20.

W.W. Grainger Trading Down 0.7 %

Shares of NYSE GWW traded down $7.75 during midday trading on Monday, reaching $1,119.25. 56,573 shares of the stock were exchanged, compared to its average volume of 234,718. The business has a 50-day simple moving average of $1,008.79 and a two-hundred day simple moving average of $964.03. The company has a market capitalization of $54.92 billion, a price-to-earnings ratio of 31.13, a P/E/G ratio of 2.88 and a beta of 1.16. W.W. Grainger, Inc. has a 12 month low of $674.41 and a 12 month high of $1,129.82. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.30 and a quick ratio of 1.40.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, beating the consensus estimate of $9.58 by $0.18. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.35 billion. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.28 EPS. As a group, equities research analysts expect that W.W. Grainger, Inc. will post 38.65 EPS for the current year.

W.W. Grainger Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Monday, August 12th were given a dividend of $2.05 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $8.20 annualized dividend and a yield of 0.73%. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.64%.

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.