Savvy Advisors Inc. Purchases Shares of 212 W.W. Grainger, Inc. (NYSE:GWW)

Savvy Advisors Inc. acquired a new position in shares of W.W. Grainger, Inc. (NYSE:GWW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 212 shares of the industrial products company’s stock, valued at approximately $220,000.

Several other large investors also recently made changes to their positions in GWW. Atomi Financial Group Inc. acquired a new stake in W.W. Grainger in the first quarter valued at $211,000. Headlands Technologies LLC bought a new stake in shares of W.W. Grainger in the 1st quarter valued at about $41,000. Avantax Advisory Services Inc. lifted its stake in W.W. Grainger by 9.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 561 shares of the industrial products company’s stock valued at $570,000 after purchasing an additional 48 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in W.W. Grainger during the first quarter worth about $487,000. Finally, Mizuho Markets Americas LLC increased its position in W.W. Grainger by 78.9% during the first quarter. Mizuho Markets Americas LLC now owns 11,783 shares of the industrial products company’s stock worth $11,987,000 after buying an additional 5,195 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

GWW has been the subject of several research analyst reports. Northcoast Research initiated coverage on W.W. Grainger in a research note on Tuesday, October 29th. They set a “neutral” rating for the company. Baird R W raised shares of 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 shares of W.W. Grainger in a research report on Monday, October 7th. They issued an “underperform” rating and a $925.00 price objective on the stock. Wolfe Research upgraded shares of W.W. Grainger to a “hold” rating in a research note on Sunday, September 22nd. Finally, UBS Group assumed coverage on shares of W.W. Grainger in a research note on Wednesday. They issued a “neutral” rating and a $1,280.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $1,086.50.

W.W. Grainger Trading Down 0.5 %

Shares of W.W. Grainger stock opened at $1,202.39 on Thursday. The firm’s 50-day moving average price is $1,069.20 and its two-hundred day moving average price is $985.00. The company has a market capitalization of $58.56 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 3.34 and a beta of 1.15. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. W.W. Grainger, Inc. has a 12-month low of $772.13 and a 12-month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $9.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same period last year, the business earned $9.43 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. On average, analysts forecast that W.W. Grainger, Inc. will post 38.91 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Monday, November 11th will be paid a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, November 8th. W.W. Grainger’s payout ratio is 22.23%.

Insider Transactions at W.W. Grainger

In related news, VP Paige K. Robbins sold 9,577 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the completion of the transaction, the vice president now directly owns 4,379 shares in the company, valued at $4,895,021.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Deidra C. Merriwether sold 704 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $1,105.59, for a total value of $778,335.36. Following the completion of the transaction, the chief financial officer now owns 9,509 shares in the company, valued at $10,513,055.31. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paige K. Robbins sold 9,577 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the transaction, the vice president now directly owns 4,379 shares of the company’s stock, valued at $4,895,021.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,775 shares of company stock valued at $52,489,979. 9.50% of the stock is currently owned by 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.