Teamwork Financial Advisors LLC Buys 532 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Teamwork Financial Advisors LLC lifted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,810 shares of the industrial products company’s stock after purchasing an additional 532 shares during the quarter. W.W. Grainger accounts for about 2.0% of Teamwork Financial Advisors LLC’s portfolio, making the stock its 21st largest position. Teamwork Financial Advisors LLC’s holdings in W.W. Grainger were worth $14,346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in GWW. Hexagon Capital Partners LLC grew its holdings in shares of W.W. Grainger by 10.0% during the first quarter. Hexagon Capital Partners LLC now owns 121 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 11 shares during the last quarter. Optas LLC raised its stake in shares of W.W. Grainger by 0.8% during the second quarter. Optas LLC now owns 1,353 shares of the industrial products company’s stock valued at $1,221,000 after acquiring an additional 11 shares during the last quarter. CX Institutional lifted its holdings in shares of W.W. Grainger by 0.9% during the third quarter. CX Institutional now owns 1,191 shares of the industrial products company’s stock worth $1,237,000 after purchasing an additional 11 shares during the period. Sage Mountain Advisors LLC grew its stake in shares of W.W. Grainger by 4.4% in the second quarter. Sage Mountain Advisors LLC now owns 284 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 12 shares during the last quarter. Finally, Ritholtz Wealth Management increased its holdings in W.W. Grainger by 2.7% in the second quarter. Ritholtz Wealth Management now owns 463 shares of the industrial products company’s stock valued at $418,000 after purchasing an additional 12 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at W.W. Grainger

In related news, CEO Donald G. Macpherson sold 12,992 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 98,567 shares of the company’s stock, valued at approximately $102,281,004.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,992 shares of the firm’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 transaction, the chief executive officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Donald G. Macpherson sold 27,502 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 111,559 shares of the company’s stock, valued at approximately $111,650,478.38. The trade was 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 insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on GWW. Baird R W upgraded W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Morgan Stanley started coverage on shares of W.W. Grainger in a research report on Friday, September 6th. They set an “equal weight” rating and a $990.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Oppenheimer lowered shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Thursday. Finally, Robert W. Baird raised shares of W.W. Grainger from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $975.00 to $1,230.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, W.W. Grainger presently has a consensus rating of “Hold” and an average price target of $1,030.70.

W.W. Grainger Stock Performance

Shares of W.W. Grainger stock opened at $1,119.71 on Friday. The business has a 50-day simple moving average of $1,005.87 and a 200 day simple moving average of $963.48. The firm has a market capitalization of $54.94 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 2.88 and a beta of 1.16. 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, Inc. has a one year low of $674.41 and a one year high of $1,119.96.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the prior year, the firm earned $9.28 earnings per share. W.W. Grainger’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, research analysts anticipate that W.W. Grainger, Inc. will post 38.65 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently disclosed 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. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Monday, August 12th. W.W. Grainger’s dividend payout ratio is currently 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.