Pinnacle Bancorp Inc. Has $348,000 Stock Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Pinnacle Bancorp Inc. increased its stake in W.W. Grainger, Inc. (NYSE:GWW) by 76.3% during the third quarter, according to its most recent filing with the SEC. The fund owned 335 shares of the industrial products company’s stock after buying an additional 145 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in W.W. Grainger were worth $348,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC grew its position in shares of W.W. Grainger by 170.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 27 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 17 shares in the last quarter. HWG Holdings LP bought a new stake in W.W. Grainger during the 2nd quarter valued at $26,000. Scarborough Advisors LLC bought a new stake in shares of W.W. Grainger in the fourth quarter worth about $28,000. Washington Trust Advisors Inc. raised its holdings in shares of W.W. Grainger by 225.0% during 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 in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of W.W. Grainger in the 1st quarter worth about $41,000. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Trading Down 0.4 %

Shares of NYSE GWW opened at $1,025.22 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.30. The company has a market cap of $50.06 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 2.88 and a beta of 1.16. The business’s 50 day moving average price is $991.41 and its 200-day moving average price is $960.47. W.W. Grainger, Inc. has a fifty-two week low of $674.41 and a fifty-two week high of $1,049.02.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.58 by $0.18. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.35 billion. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.28 EPS. On average, sell-side analysts expect that W.W. Grainger, Inc. will post 38.65 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Monday, August 12th were given a $2.05 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $8.20 annualized dividend and a dividend yield of 0.80%. W.W. Grainger’s payout ratio is presently 22.50%.

Insider Activity at W.W. Grainger

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GWW shares. Royal Bank of Canada cut their price objective on shares of W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. Erste Group Bank reissued a “hold” rating on shares of W.W. Grainger in a report on Friday, June 14th. JPMorgan Chase & Co. upped 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 research report on Friday, August 2nd. Wolfe Research upgraded W.W. Grainger to a “hold” rating in a research report on Sunday, September 22nd. Finally, Morgan Stanley started coverage on shares of W.W. Grainger in a report on Friday, September 6th. They issued an “equal weight” rating and a $990.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,005.20.

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.