W.W. Grainger, Inc. (NYSE:GWW) Stock Holdings Raised by Dakota Wealth Management

Dakota Wealth Management grew its stake in W.W. Grainger, Inc. (NYSE:GWW) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,287 shares of the industrial products company’s stock after purchasing an additional 52 shares during the period. Dakota Wealth Management’s holdings in W.W. Grainger were worth $3,465,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Barlow Wealth Partners Inc. raised its stake in W.W. Grainger by 2.7% during the fourth quarter. Barlow Wealth Partners Inc. now owns 13,735 shares of the industrial products company’s stock valued at $15,017,000 after buying an additional 358 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of W.W. Grainger by 7.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 12,867 shares of the industrial products company’s stock valued at $13,562,000 after acquiring an additional 870 shares in the last quarter. Mogy Joel R Investment Counsel Inc. lifted its stake in W.W. Grainger by 155.6% during the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 4,064 shares of the industrial products company’s stock worth $4,284,000 after purchasing an additional 2,474 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in W.W. Grainger by 24.5% in the fourth quarter. Atomi Financial Group Inc. now owns 543 shares of the industrial products company’s stock worth $572,000 after purchasing an additional 107 shares during the period. Finally, Chesley Taft & Associates LLC increased its stake in W.W. Grainger by 0.5% during the fourth quarter. Chesley Taft & Associates LLC now owns 7,054 shares of the industrial products company’s stock valued at $7,435,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

GWW stock opened at $1,122.98 on Thursday. The company has a market capitalization of $54.69 billion, a P/E ratio of 30.44, a PEG ratio of 2.86 and a beta of 1.18. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. The company has a 50-day simple moving average of $1,127.89 and a 200 day simple moving average of $1,055.98. W.W. Grainger, Inc. has a fifty-two week low of $866.03 and a fifty-two week high of $1,227.66.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share for the quarter, missing analysts’ consensus estimates of $9.98 by ($0.11). W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.40 billion. During the same period in the prior year, the business posted $9.43 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Sell-side analysts predict that W.W. Grainger, Inc. will post 38.95 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 11th were given a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.73%. The ex-dividend date was Friday, November 8th. W.W. Grainger’s payout ratio is 22.23%.

Insider Buying and Selling at W.W. Grainger

In related news, VP Paige K. Robbins sold 9,577 shares of the business’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 transaction, the vice president now directly owns 4,379 shares of the company’s stock, valued at approximately $4,895,021.36. The trade was a 68.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Deidra C. Merriwether sold 704 shares of the company’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 transaction of $778,335.36. Following the completion of the transaction, the chief financial officer now owns 9,509 shares in the company, valued at approximately $10,513,055.31. This represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,406 shares of company stock valued at $11,634,643 in the last three months. 9.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on GWW. Bank of America initiated coverage on shares of W.W. Grainger in a report on Monday, October 7th. They issued an “underperform” rating and a $925.00 price target for the company. Oppenheimer downgraded W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. Morgan Stanley increased their price target on W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 19th. Northcoast Research initiated coverage on W.W. Grainger in a research report on Tuesday, October 29th. They set a “neutral” rating for the company. Finally, Baird R W raised W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, W.W. Grainger has a consensus rating of “Hold” and a consensus price target of $1,140.56.

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.