Angeles Wealth Management LLC Acquires 136 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Angeles Wealth Management LLC increased its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 46.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 429 shares of the industrial products company’s stock after buying an additional 136 shares during the period. Angeles Wealth Management LLC’s holdings in W.W. Grainger were worth $446,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GWW. GHP Investment Advisors Inc. boosted its position in shares of W.W. Grainger by 250.0% in the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 20 shares during the period. HWG Holdings LP purchased a new position in shares of W.W. Grainger during the 2nd quarter valued at $26,000. Washington Trust Advisors Inc. increased its holdings in shares of W.W. Grainger by 225.0% in the first quarter. Washington Trust Advisors Inc. now owns 39 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 27 shares during the period. Headlands Technologies LLC purchased a new stake in shares of W.W. Grainger in the first quarter worth $41,000. Finally, Triad Wealth Partners LLC bought a new stake in W.W. Grainger during the second quarter valued at $42,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GWW shares. Baird R W upgraded W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Bank of America began coverage on shares of W.W. Grainger in a research report on Monday, October 7th. They set an “underperform” rating and a $925.00 target price for the company. Loop Capital increased their price target on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Finally, Morgan Stanley started coverage on shares of W.W. Grainger in a report on Friday, September 6th. They set an “equal weight” rating and a $990.00 price objective for the company. One analyst has rated the stock with a sell rating, eleven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,058.50.

Insider Transactions at W.W. Grainger

In related 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 transaction of $27,524,551.64. Following the completion of the sale, the chief executive officer now directly owns 111,559 shares in the company, valued at $111,650,478.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,992 shares of the 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 value of $13,481,538.56. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Donald G. Macpherson sold 27,502 shares of the business’s 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 transaction, the chief executive officer now directly owns 111,559 shares in the company, valued at $111,650,478.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.50% of the company’s stock.

W.W. Grainger Price Performance

Shares of NYSE:GWW opened at $1,105.07 on Monday. The company has a quick ratio of 1.40, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. The stock has a market cap of $53.96 billion, a PE ratio of 29.96, a PEG ratio of 3.09 and a beta of 1.15. The company’s fifty day moving average is $1,035.68 and its 200 day moving average is $971.90. W.W. Grainger, Inc. has a 52 week low of $747.00 and a 52 week high of $1,130.01.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing the consensus estimate of $9.98 by ($0.11). The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.43 EPS. Research analysts anticipate that W.W. Grainger, Inc. will post 38.69 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Monday, November 11th will be paid a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Friday, November 8th. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.23%.

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.