W.W. Grainger, Inc. (NYSE:GWW) Shares Sold by Courier Capital LLC

Courier Capital LLC trimmed its position in W.W. Grainger, Inc. (NYSE:GWW) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,982 shares of the industrial products company’s stock after selling 41 shares during the period. Courier Capital LLC’s holdings in W.W. Grainger were worth $2,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC increased its position in shares of W.W. Grainger by 36.6% in the 1st quarter. Janus Henderson Group PLC now owns 9,506 shares of the industrial products company’s stock valued at $9,664,000 after acquiring an additional 2,548 shares during the period. ORG Partners LLC increased its position in shares of W.W. Grainger by 1,201.6% in the 2nd quarter. ORG Partners LLC now owns 833 shares of the industrial products company’s stock valued at $748,000 after acquiring an additional 769 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of W.W. Grainger by 11.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 59,822 shares of the industrial products company’s stock valued at $60,857,000 after acquiring an additional 6,042 shares during the period. Cetera Advisors LLC grew its position in W.W. Grainger by 576.3% during the 1st quarter. Cetera Advisors LLC now owns 5,559 shares of the industrial products company’s stock worth $5,655,000 after purchasing an additional 4,737 shares during the period. Finally, Diversified Trust Co grew its position in W.W. Grainger by 280.4% during the 2nd quarter. Diversified Trust Co now owns 2,621 shares of the industrial products company’s stock worth $2,365,000 after purchasing an additional 1,932 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GWW shares. Baird R W raised W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Bank of America started coverage on W.W. Grainger in a research report on Monday, October 7th. They set an “underperform” rating and a $925.00 price target on the stock. JPMorgan Chase & Co. increased their price target on 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. Robert W. Baird raised W.W. Grainger from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $975.00 to $1,230.00 in a research report on Wednesday, October 16th. Finally, Loop Capital increased their price target on W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $1,043.20.

W.W. Grainger Trading Down 0.6 %

Shares of W.W. Grainger stock opened at $1,092.53 on Thursday. The firm has a market capitalization of $53.61 billion, a PE ratio of 30.16, a P/E/G ratio of 2.88 and a beta of 1.16. W.W. Grainger, Inc. has a twelve month low of $674.41 and a twelve month high of $1,129.92. The firm’s 50-day moving average price is $1,014.76 and its 200 day moving average price is $965.23. The company has a current ratio of 2.30, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share for the quarter, beating analysts’ consensus estimates of $9.58 by $0.18. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.35 billion. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. W.W. Grainger’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $9.28 EPS. On average, sell-side analysts predict that W.W. Grainger, Inc. will post 38.65 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Monday, August 12th were paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Monday, August 12th. W.W. Grainger’s dividend payout ratio is presently 22.64%.

Insider Activity at W.W. Grainger

In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of the firm’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 of the company’s stock, valued at $111,650,478.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of the firm’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 of the company’s stock, valued at $111,650,478.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Donald G. Macpherson sold 12,992 shares of the firm’s 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 transaction of $13,481,538.56. Following the completion of the transaction, the chief executive officer now directly owns 98,567 shares in the company, valued at $102,281,004.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by corporate insiders.

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.