Insigneo Advisory Services LLC Has $223,000 Stock Position in W.W. Grainger, Inc. (NYSE:GWW)

Insigneo Advisory Services LLC reduced its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212 shares of the industrial products company’s stock after selling 17 shares during the period. Insigneo Advisory Services LLC’s holdings in W.W. Grainger were worth $223,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cyrus J. Lawrence LLC bought a new position in shares of W.W. Grainger in the 4th quarter valued at $31,000. Iron Horse Wealth Management LLC increased its position in W.W. Grainger by 43.5% during the 4th quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 10 shares during the period. AlphaMark Advisors LLC bought a new position in W.W. Grainger during the 4th quarter worth approximately $37,000. OFI Invest Asset Management acquired a new position in shares of W.W. Grainger in the 4th quarter worth approximately $42,000. Finally, Atala Financial Inc acquired a new stake in shares of W.W. Grainger during the fourth quarter worth $43,000. 80.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on GWW. JPMorgan Chase & Co. cut their price target on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada decreased their target price on W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating for the company in a research note on Monday, February 3rd. Wolfe Research cut W.W. Grainger from a “peer perform” rating to an “underperform” rating and set a $966.00 price target on the stock. in a report on Thursday, April 3rd. Finally, William Blair upgraded shares of W.W. Grainger from a “market perform” rating to an “outperform” rating in a research note on Monday, March 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, W.W. Grainger has a consensus rating of “Hold” and an average target price of $1,130.89.

Insider Transactions at W.W. Grainger

In other news, CFO Deidra C. Merriwether sold 1,164 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $997.12, for a total value of $1,160,647.68. Following the transaction, the chief financial officer now owns 10,235 shares in the company, valued at $10,205,523.20. The trade was a 10.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.10% of the company’s stock.

W.W. Grainger Stock Up 1.7 %

Shares of NYSE GWW opened at $1,002.12 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.49 and a quick ratio of 1.49. The company has a 50-day moving average price of $988.83 and a 200-day moving average price of $1,070.47. The stock has a market capitalization of $48.32 billion, a P/E ratio of 25.89, a P/E/G ratio of 2.70 and a beta of 1.20. W.W. Grainger, Inc. has a 1 year low of $874.98 and a 1 year high of $1,227.66.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.04). W.W. Grainger had a net margin of 11.12% and a return on equity of 52.43%. During the same period last year, the company posted $8.33 EPS. On average, equities research analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were paid a $2.05 dividend. The ex-dividend date was Monday, February 10th. This represents a $8.20 annualized dividend and a dividend yield of 0.82%. W.W. Grainger’s payout ratio is 21.18%.

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.