Teamwork Financial Advisors LLC Reduces Position in W.W. Grainger, Inc. (NYSE:GWW)

Teamwork Financial Advisors LLC decreased its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,571 shares of the industrial products company’s stock after selling 239 shares during the quarter. W.W. Grainger makes up 1.9% of Teamwork Financial Advisors LLC’s portfolio, making the stock its 21st biggest position. Teamwork Financial Advisors LLC’s holdings in W.W. Grainger were worth $14,304,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GHP Investment Advisors Inc. raised its position in shares of W.W. Grainger by 250.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 20 shares in the last quarter. HWG Holdings LP bought a new stake in shares of W.W. Grainger in the second quarter worth $26,000. Larson Financial Group LLC raised its holdings in W.W. Grainger by 111.1% in the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 20 shares in the last quarter. Fortitude Family Office LLC boosted its stake in W.W. Grainger by 38.9% during the 3rd quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 14 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in W.W. Grainger during the 3rd quarter worth $75,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Baird R W upgraded shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Northcoast Research started coverage on W.W. Grainger in a research note on Tuesday, October 29th. They set a “neutral” rating on the stock. StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. Morgan Stanley upped their price target on W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 19th. Finally, Bank of America began coverage on shares of W.W. Grainger in a report on Monday, October 7th. They issued an “underperform” rating and a $925.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $1,140.56.

W.W. Grainger Trading Up 0.1 %

Shares of NYSE:GWW opened at $1,122.98 on Thursday. The company’s 50-day moving average price is $1,127.89 and its 200 day moving average price is $1,055.98. The company has a market cap of $54.69 billion, a PE ratio of 30.44, a P/E/G ratio of 2.88 and a beta of 1.18. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. W.W. Grainger, Inc. has a fifty-two week low of $866.03 and a fifty-two week high of $1,227.66.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.98 by ($0.11). The business had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $9.43 EPS. Sell-side analysts anticipate that W.W. Grainger, Inc. will post 38.95 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Monday, November 11th were issued a dividend of $2.05 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $8.20 annualized dividend and a yield of 0.73%. W.W. Grainger’s payout ratio is 22.23%.

Insiders Place Their Bets

In other W.W. Grainger news, VP Laurie R. Thomson sold 125 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total value of $150,753.75. Following the sale, the vice president now directly owns 675 shares in the company, valued at approximately $814,070.25. The trade was a 15.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Paige K. Robbins sold 9,577 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the completion of the transaction, the vice president now directly owns 4,379 shares in the company, valued at $4,895,021.36. This represents a 68.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,406 shares of company stock worth $11,634,643 over the last ninety days. Company insiders own 9.50% of the company’s stock.

W.W. Grainger Company 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.