Trueblood Wealth Management LLC Purchases Shares of 407 W.W. Grainger, Inc. (NYSE:GWW)

Trueblood Wealth Management LLC purchased a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 407 shares of the industrial products company’s stock, valued at approximately $337,000.

Other institutional investors have also made changes to their positions in the company. CI Investments Inc. raised its stake in W.W. Grainger by 2.9% in the third quarter. CI Investments Inc. now owns 489 shares of the industrial products company’s stock valued at $338,000 after buying an additional 14 shares during the period. Sequoia Financial Advisors LLC grew its position in W.W. Grainger by 1.6% during the third quarter. Sequoia Financial Advisors LLC now owns 927 shares of the industrial products company’s stock worth $641,000 after buying an additional 15 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of W.W. Grainger by 6.0% in the 3rd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 301 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 17 shares in the last quarter. Mcdonald Partners LLC boosted its holdings in shares of W.W. Grainger by 0.8% in the 3rd quarter. Mcdonald Partners LLC now owns 2,027 shares of the industrial products company’s stock valued at $1,402,000 after purchasing an additional 17 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in shares of W.W. Grainger by 4.5% during the 3rd quarter. Moody National Bank Trust Division now owns 422 shares of the industrial products company’s stock valued at $292,000 after acquiring an additional 18 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

Insider Activity at W.W. Grainger

In other news, VP Paige K. Robbins sold 3,813 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $968.88, for a total value of $3,694,339.44. Following the completion of the sale, the vice president now directly owns 4,909 shares in the company, valued at $4,756,231.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other W.W. Grainger news, VP Paige K. Robbins sold 3,122 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the transaction, the vice president now directly owns 4,909 shares in the company, valued at approximately $4,664,629.98. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Paige K. Robbins sold 3,813 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the completion of the sale, the vice president now owns 4,909 shares in the company, valued at $4,756,231.92. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GWW shares. Stephens lifted their price target on shares of W.W. Grainger from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. UBS Group raised their price objective on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. StockNews.com upgraded shares of W.W. Grainger from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. Oppenheimer boosted their price objective on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Finally, Loop Capital cut shares of W.W. Grainger from a “buy” rating to a “hold” rating and lifted their target price for the company from $925.00 to $1,000.00 in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $913.89.

W.W. Grainger Trading Down 0.3 %

Shares of GWW stock traded down $2.87 during trading hours on Thursday, hitting $1,017.30. 165,153 shares of the company were exchanged, compared to its average volume of 238,109. W.W. Grainger, Inc. has a 1 year low of $625.97 and a 1 year high of $1,034.18. The firm has a fifty day moving average of $953.67 and a 200 day moving average of $831.79. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.66. The firm has a market cap of $49.98 billion, a PE ratio of 28.09, a PEG ratio of 1.97 and a beta of 1.14.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, beating the consensus estimate of $8.05 by $0.28. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $4.04 billion. W.W. Grainger had a net margin of 11.10% and a return on equity of 56.54%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $7.14 EPS. Analysts expect that W.W. Grainger, Inc. will post 39.26 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Friday, February 9th. W.W. Grainger’s payout ratio is presently 20.55%.

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.