Integrated Advisors Network LLC Has $296,000 Position in W.W. Grainger, Inc. (NYSE:GWW)

Integrated Advisors Network LLC raised its stake in W.W. Grainger, Inc. (NYSE:GWW) by 8.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 285 shares of the industrial products company’s stock after buying an additional 21 shares during the period. Integrated Advisors Network LLC’s holdings in W.W. Grainger were worth $296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Optas LLC boosted its position in shares of W.W. Grainger by 0.8% in the second quarter. Optas LLC now owns 1,353 shares of the industrial products company’s stock valued at $1,221,000 after acquiring an additional 11 shares during the period. CX Institutional boosted its position in shares of W.W. Grainger by 0.9% in the third quarter. CX Institutional now owns 1,191 shares of the industrial products company’s stock valued at $1,237,000 after acquiring an additional 11 shares during the period. Sage Mountain Advisors LLC boosted its position in shares of W.W. Grainger by 4.4% in the second quarter. Sage Mountain Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 12 shares during the period. Ritholtz Wealth Management boosted its position in shares of W.W. Grainger by 2.7% in the second quarter. Ritholtz Wealth Management now owns 463 shares of the industrial products company’s stock valued at $418,000 after acquiring an additional 12 shares during the period. Finally, Garner Asset Management Corp boosted its position in shares of W.W. Grainger by 0.7% in the second quarter. Garner Asset Management Corp now owns 1,635 shares of the industrial products company’s stock valued at $1,476,000 after acquiring an additional 12 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GWW shares. 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 target price for the company. Northcoast Research began coverage on shares of W.W. Grainger in a research report on Tuesday. They set a “neutral” rating for the company. Oppenheimer cut shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Robert W. Baird raised shares of W.W. Grainger from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $975.00 to $1,230.00 in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1,058.50.

W.W. Grainger Stock Performance

W.W. Grainger stock opened at $1,105.07 on Friday. The business has a 50 day moving average of $1,035.68 and a 200-day moving average of $971.79. W.W. Grainger, Inc. has a 1 year low of $747.00 and a 1 year high of $1,130.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.30 and a quick ratio of 1.40. The company has a market capitalization of $53.96 billion, a P/E ratio of 30.32, a P/E/G ratio of 3.07 and a beta of 1.16.

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 10.86% and a return on equity of 53.25%. The firm had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same period in the prior year, the company earned $9.43 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts predict that W.W. Grainger, Inc. will post 38.69 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Monday, November 11th will be paid a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, November 8th. W.W. Grainger’s dividend payout ratio is currently 22.50%.

Insider Activity

In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,992 shares of the stock in a transaction that occurred on 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 approximately $102,281,004.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,000.82, for a total transaction of $27,524,551.64. Following the completion of the sale, the chief executive officer now owns 111,559 shares of the company’s stock, valued at approximately $111,650,478.38. This represents a 0.00 % decrease in their position. The transaction 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 stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 98,567 shares of the company’s stock, valued at $102,281,004.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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.