Teamwork Financial Advisors LLC Has $10.10 Million Stock Position in W.W. Grainger, Inc. (NYSE:GWW)

Teamwork Financial Advisors LLC increased its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 46.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 9,922 shares of the industrial products company’s stock after purchasing an additional 3,146 shares during the period. W.W. Grainger accounts for approximately 1.6% of Teamwork Financial Advisors LLC’s holdings, making the stock its 25th largest position. Teamwork Financial Advisors LLC’s holdings in W.W. Grainger were worth $10,095,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Scarborough Advisors LLC bought a new stake in shares of W.W. Grainger during the 4th quarter worth about $28,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of W.W. Grainger during the fourth quarter worth approximately $30,000. Newbridge Financial Services Group Inc. grew its position in shares of W.W. Grainger by 275.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 45 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 33 shares during the last quarter. Valley National Advisers Inc. bought a new position in shares of W.W. Grainger during the fourth quarter worth approximately $40,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in W.W. Grainger during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insider Transactions at W.W. Grainger

In related news, SVP Matt Fortin sold 511 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $915.20, for a total value of $467,667.20. Following the completion of the transaction, the senior vice president now owns 1,848 shares of the company’s stock, valued at approximately $1,691,289.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 9.50% of the company’s stock.

W.W. Grainger Price Performance

NYSE:GWW traded down $2.46 during mid-day trading on Thursday, reaching $915.51. The stock had a trading volume of 128,957 shares, compared to its average volume of 243,521. The stock has a 50-day simple moving average of $925.21 and a two-hundred day simple moving average of $927.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.19 and a quick ratio of 1.33. W.W. Grainger, Inc. has a 12 month low of $674.41 and a 12 month high of $1,034.18. The stock has a market capitalization of $44.92 billion, a PE ratio of 25.28, a P/E/G ratio of 1.80 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.57 by $0.05. W.W. Grainger had a return on equity of 54.31% and a net margin of 10.94%. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the company posted $9.61 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts anticipate that W.W. Grainger, Inc. will post 39.22 earnings per share for the current year.

W.W. Grainger Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Monday, May 13th were paid a dividend of $2.05 per share. This is an increase from W.W. Grainger’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Friday, May 10th. This represents a $8.20 annualized dividend and a yield of 0.90%. W.W. Grainger’s payout ratio is presently 22.64%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GWW shares. Loop Capital decreased their price objective on W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Stephens upgraded shares of W.W. Grainger from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $1,000.00 to $1,250.00 in a research note on Monday, April 29th. StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. UBS Group boosted their price objective on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. Finally, Robert W. Baird cut shares of W.W. Grainger from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $1,000.00 to $975.00 in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, W.W. Grainger has an average rating of “Hold” and an average price target of $959.44.

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.