Sonoma Private Wealth LLC Cuts Stock Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Sonoma Private Wealth LLC trimmed its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 6.5% during the third quarter, Holdings Channel reports. The institutional investor owned 742 shares of the industrial products company’s stock after selling 52 shares during the quarter. W.W. Grainger comprises about 1.2% of Sonoma Private Wealth LLC’s portfolio, making the stock its 26th largest holding. Sonoma Private Wealth LLC’s holdings in W.W. Grainger were worth $770,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Integrated Advisors Network LLC purchased a new stake in shares of W.W. Grainger during the 4th quarter worth approximately $201,000. Wellington Management Group LLP lifted its stake in W.W. Grainger by 45.6% in the fourth quarter. Wellington Management Group LLP now owns 9,443 shares of the industrial products company’s stock valued at $7,825,000 after buying an additional 2,958 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of W.W. Grainger by 46.1% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 1,395 shares of the industrial products company’s stock valued at $1,156,000 after acquiring an additional 440 shares during the period. HighPoint Advisor Group LLC acquired a new position in shares of W.W. Grainger in the 4th quarter valued at $431,000. Finally, CWM LLC raised its position in W.W. Grainger by 3.6% in the 1st quarter. CWM LLC now owns 1,884 shares of the industrial products company’s stock valued at $1,917,000 after purchasing an additional 66 shares during the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GWW shares. Wolfe Research raised W.W. Grainger to a “hold” rating in a report on Sunday, September 22nd. Morgan Stanley started coverage on shares of W.W. Grainger in a research note on Friday, September 6th. They set an “equal weight” rating and a $990.00 price target on the stock. Bank of America started coverage on W.W. Grainger in a research note on Monday, October 7th. They set an “underperform” rating and a $925.00 price target for the company. Baird R W upgraded shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, 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 report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $1,030.70.

Insider Buying and Selling

In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,992 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 98,567 shares of the company’s stock, valued at $102,281,004.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,992 shares of the company’s stock in a transaction that occurred 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 owns 98,567 shares of the company’s stock, valued at $102,281,004.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Donald G. Macpherson sold 27,502 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 111,559 shares of the company’s stock, valued at $111,650,478.38. This represents 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 currently owned by corporate insiders.

W.W. Grainger Price Performance

GWW stock traded up $1.30 on Friday, hitting $1,120.77. 25,183 shares of the company’s stock traded hands, compared to its average volume of 234,470. 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 stock has a market cap of $55.00 billion, a price-to-earnings ratio of 30.91, a P/E/G ratio of 2.88 and a beta of 1.16. W.W. Grainger, Inc. has a 1-year low of $674.41 and a 1-year high of $1,124.29. The stock has a fifty day moving average of $1,005.87 and a 200-day moving average of $963.48.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, topping analysts’ consensus estimates of $9.58 by $0.18. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $9.28 EPS. On average, analysts forecast that W.W. Grainger, Inc. will post 38.65 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

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

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.