W.W. Grainger, Inc. (NYSE:GWW) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in W.W. Grainger, Inc. (NYSE:GWW) by 5.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,456 shares of the industrial products company’s stock after buying an additional 79 shares during the quarter. Farther Finance Advisors LLC’s holdings in W.W. Grainger were worth $1,513,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. HWG Holdings LP purchased a new stake in shares of W.W. Grainger in the 2nd quarter valued at $26,000. GHP Investment Advisors Inc. increased its stake in W.W. Grainger by 250.0% during the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 20 shares during the period. Washington Trust Advisors Inc. lifted its position in shares of W.W. Grainger by 225.0% during 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 in the last quarter. Headlands Technologies LLC purchased a new position in shares of W.W. Grainger in the first quarter valued at approximately $41,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of W.W. Grainger in the second quarter valued at approximately $42,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Trading Down 0.4 %

Shares of W.W. Grainger stock opened at $1,105.07 on Monday. The company has a current ratio of 2.59, a quick ratio of 1.40 and a debt-to-equity ratio of 0.59. The company has a fifty day simple moving average of $1,035.68 and a 200-day simple moving average of $971.90. The stock has a market cap of $53.96 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 3.09 and a beta of 1.15. W.W. Grainger, Inc. has a 12-month low of $747.00 and a 12-month 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.98 by ($0.11). W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. The company had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the prior year, the company earned $9.43 EPS. The business’s revenue was up 4.3% on a year-over-year basis. On average, equities analysts forecast that W.W. Grainger, Inc. will post 38.69 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

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

Analysts Set New Price Targets

GWW has been the subject of several recent research reports. Oppenheimer cut shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. boosted their target price on W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Loop Capital increased their price target on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research report on Monday, October 21st. 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 objective for the company. Finally, Baird R W raised shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, W.W. Grainger has an average rating of “Hold” and a consensus target price of $1,058.50.

Insider Buying and Selling at W.W. Grainger

In other news, CEO Donald G. Macpherson sold 12,992 shares of W.W. Grainger stock in a transaction on Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the transaction, the chief executive officer now directly owns 98,567 shares of the company’s stock, valued at $102,281,004.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of W.W. Grainger stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 111,559 shares in the company, valued at approximately $111,650,478.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Donald G. Macpherson sold 12,992 shares of the company’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 value of $13,481,538.56. Following the sale, the chief executive officer now owns 98,567 shares of the company’s stock, valued at $102,281,004.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is owned by company insiders.

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.