SOA Wealth Advisors LLC. boosted its position in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,385 shares of the industrial products company’s stock after purchasing an additional 16 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in W.W. Grainger were worth $2,477,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avestar Capital LLC lifted its stake in shares of W.W. Grainger by 2.0% in the third quarter. Avestar Capital LLC now owns 467 shares of the industrial products company’s stock worth $485,000 after buying an additional 9 shares in the last quarter. Optas LLC lifted its stake in W.W. Grainger by 0.8% in the 2nd quarter. Optas LLC now owns 1,353 shares of the industrial products company’s stock worth $1,221,000 after purchasing an additional 11 shares in the last quarter. CX Institutional boosted its holdings in shares of W.W. Grainger by 0.9% during the 3rd 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 last quarter. Virtue Capital Management LLC grew its position in shares of W.W. Grainger by 5.2% in the third quarter. Virtue Capital Management LLC now owns 223 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 11 shares in the last quarter. Finally, Sage Mountain Advisors LLC increased its holdings 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 valued at $256,000 after purchasing an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.
Insider Buying and Selling
In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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 in the company, valued at $111,650,478.38. This trade represents a 19.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Laurie R. Thomson sold 125 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $1,206.03, for a total value of $150,753.75. Following the transaction, the vice president now directly owns 675 shares of the company’s stock, valued at approximately $814,070.25. This represents a 15.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,900 shares of company stock valued at $52,640,733 in the last three months. 9.50% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Check Out Our Latest Research Report on W.W. Grainger
W.W. Grainger Stock Performance
Shares of W.W. Grainger stock opened at $1,156.45 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.68. The stock has a market capitalization of $56.32 billion, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 3.27 and a beta of 1.16. The business has a 50-day moving average of $1,139.84 and a 200 day moving average of $1,018.77. W.W. Grainger, Inc. has a 12 month low of $800.97 and a 12 month high of $1,227.66.
W.W. Grainger (NYSE:GWW – Get Free Report) last announced its earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share for the quarter, missing the consensus estimate of $9.98 by ($0.11). The business had revenue of $4.39 billion for 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%. W.W. Grainger’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $9.43 earnings per share. As a group, sell-side analysts forecast that W.W. Grainger, Inc. will post 38.94 earnings per share for the current year.
W.W. Grainger Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Monday, November 11th were issued a $2.05 dividend. The ex-dividend date was Friday, November 8th. This represents a $8.20 dividend on an annualized basis and a yield of 0.71%. 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.
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