Cavalier Investments LLC Purchases 138 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Cavalier Investments LLC lifted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,657 shares of the industrial products company’s stock after acquiring an additional 138 shares during the quarter. Cavalier Investments LLC’s holdings in W.W. Grainger were worth $2,760,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. J.W. Cole Advisors Inc. purchased a new position in shares of W.W. Grainger during the third quarter worth approximately $222,000. Valley National Advisers Inc. increased its position in shares of W.W. Grainger by 2,542.9% during the third quarter. Valley National Advisers Inc. now owns 1,665 shares of the industrial products company’s stock worth $1,728,000 after acquiring an additional 1,602 shares during the period. GHP Investment Advisors Inc. increased its position in shares of W.W. Grainger by 250.0% during the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 20 shares during the period. PFG Investments LLC increased its position in shares of W.W. Grainger by 32.7% during the third quarter. PFG Investments LLC now owns 454 shares of the industrial products company’s stock worth $472,000 after acquiring an additional 112 shares during the period. Finally, Arkadios Wealth Advisors increased its position in shares of W.W. Grainger by 19.0% during the third quarter. Arkadios Wealth Advisors now owns 644 shares of the industrial products company’s stock worth $669,000 after acquiring an additional 103 shares during the period. 80.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at W.W. Grainger

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

W.W. Grainger Stock Performance

Shares of GWW stock opened at $1,090.94 on Monday. The company has a current ratio of 2.30, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $1,022.51 and its 200-day simple moving average is $966.94. W.W. Grainger, Inc. has a 12-month low of $687.55 and a 12-month high of $1,129.92. The company has a market cap of $53.27 billion, a PE ratio of 29.93, a PEG ratio of 3.07 and a beta of 1.16.

W.W. Grainger (NYSE:GWW) last released its earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.58 by $0.18. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the firm earned $9.28 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. Analysts expect that W.W. Grainger, Inc. will post 38.69 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Monday, August 12th were given a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Monday, August 12th. W.W. Grainger’s payout ratio is 22.50%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GWW shares. Robert W. Baird raised shares of W.W. Grainger from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $975.00 to $1,230.00 in a research report on Wednesday, October 16th. Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a research note on Sunday, September 22nd. Baird R W raised shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Morgan Stanley assumed coverage on shares of W.W. Grainger in a research note on Friday, September 6th. They issued an “equal weight” rating and a $990.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,043.20.

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.