Crestmont Private Wealth LLC Buys New Position in W.W. Grainger, Inc. (NYSE:GWW)

Crestmont Private Wealth LLC purchased a new position in W.W. Grainger, Inc. (NYSE:GWW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 198 shares of the industrial products company’s stock, valued at approximately $206,000.

A number of other large investors have also modified their holdings of GWW. FIL Ltd grew its position in W.W. Grainger by 21.4% during the 4th quarter. FIL Ltd now owns 240,856 shares of the industrial products company’s stock worth $199,595,000 after purchasing an additional 42,395 shares during the last quarter. Cim LLC purchased a new stake in shares of W.W. Grainger during the fourth quarter valued at $224,000. Integrated Advisors Network LLC purchased a new stake in shares of W.W. Grainger during the fourth quarter valued at $201,000. Syon Capital LLC increased its position in shares of W.W. Grainger by 35.3% in the 4th quarter. Syon Capital LLC now owns 541 shares of the industrial products company’s stock valued at $448,000 after acquiring an additional 141 shares during the period. Finally, Scarborough Advisors LLC purchased a new position in W.W. Grainger in the 4th quarter worth $28,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Donald G. Macpherson sold 12,992 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the completion of the sale, the chief executive officer now owns 98,567 shares of the company’s stock, valued at $102,281,004.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other 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 sale, the chief executive officer now directly owns 111,559 shares of the company’s stock, valued at $111,650,478.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Donald G. Macpherson sold 12,992 shares of the 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 completion of the transaction, the chief executive officer now directly owns 98,567 shares of the company’s stock, valued at approximately $102,281,004.56. This 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 company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Royal Bank of Canada cut their price objective on W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. Bank of America began coverage on shares of W.W. Grainger in a research report on Monday, October 7th. They set an “underperform” rating and a $925.00 price target for the company. Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a report on Sunday, September 22nd. Morgan Stanley began coverage on shares of W.W. Grainger in a report on Friday, September 6th. They set an “equal weight” rating and a $990.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, W.W. Grainger has an average rating of “Hold” and a consensus target price of $1,005.20.

W.W. Grainger Trading Up 5.8 %

GWW stock opened at $1,085.04 on Friday. W.W. Grainger, Inc. has a 52-week low of $674.41 and a 52-week high of $1,088.84. The company has a quick ratio of 1.40, a current ratio of 2.30 and a debt-to-equity ratio of 0.50. The firm has a market cap of $53.24 billion, a P/E ratio of 29.96, a PEG ratio of 2.88 and a beta of 1.16. The company’s 50-day simple moving average is $994.06 and its 200-day simple moving average is $960.69.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $9.58 by $0.18. The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.35 billion. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. W.W. Grainger’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $9.28 earnings per share. As a group, equities analysts forecast 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 issued a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 0.76%. The ex-dividend date was Monday, August 12th. W.W. Grainger’s payout ratio is presently 22.64%.

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.