1,273 W.W. Grainger, Inc. $GWW Shares Bought by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC lifted its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 15,912.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,281 shares of the industrial products company’s stock after acquiring an additional 1,273 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in W.W. Grainger were worth $1,596,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in W.W. Grainger in the second quarter worth $6,303,024,000. Bank of America Corp DE bought a new position in W.W. Grainger in the 2nd quarter valued at $621,127,000. Amundi grew its stake in W.W. Grainger by 24.1% in the 2nd quarter. Amundi now owns 363,308 shares of the industrial products company’s stock valued at $494,244,000 after purchasing an additional 70,451 shares during the period. Dimensional Fund Advisors LP increased its position in shares of W.W. Grainger by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 409,142 shares of the industrial products company’s stock valued at $446,210,000 after purchasing an additional 9,743 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of W.W. Grainger during the 2nd quarter valued at $407,051,000. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Trading Up 1.3%

NYSE:GWW opened at $1,396.23 on Wednesday. W.W. Grainger, Inc. has a 12 month low of $906.52 and a 12 month high of $1,419.91. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $1,303.50 and its 200 day moving average is $1,239.03. The stock has a market capitalization of $65.76 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 2.44 and a beta of 0.95.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share for the quarter, beating the consensus estimate of $11.30 by $0.71. W.W. Grainger had a return on equity of 48.73% and a net margin of 9.92%. The business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.96 billion. During the same period in the prior year, the company earned $9.97 earnings per share. W.W. Grainger’s revenue was up 10.3% compared to the same quarter last year. Sell-side analysts expect that W.W. Grainger, Inc. will post 46.31 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 9th will be paid a $2.49 dividend. The ex-dividend date is Monday, November 9th. This represents a $9.96 annualized dividend and a dividend yield of 0.7%. W.W. Grainger’s payout ratio is presently 25.40%.

Analyst Upgrades and Downgrades

GWW has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of W.W. Grainger in a research note on Thursday, October 15th. Wall Street Zen upgraded shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Wolfe Research assumed coverage on shares of W.W. Grainger in a research report on Tuesday, September 15th. They set a “peer perform” rating for the company. Royal Bank Of Canada decreased their price objective on shares of W.W. Grainger from $1,428.00 to $1,427.00 and set a “sector perform” rating for the company in a report on Wednesday, October 14th. Finally, Robert W. Baird lifted their price objective on shares of W.W. Grainger from $1,365.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $1,266.08.

W.W. Grainger Company Profile

W.W. Grainger, Inc is a distributor of maintenance, repair and operating (MRO) supplies for businesses, government agencies and other organizations. Its product offerings include safety equipment, tools, fasteners, electrical and plumbing supplies, material-handling equipment, cleaning and janitorial products, HVAC supplies, and facility-maintenance products.

The company also provides services designed to help customers manage procurement and workplace operations, including product selection support, inventory-management programs, digital purchasing tools, and technical assistance.