W.W. Grainger, Inc. (NYSE:GWW) Shares Sold by Crew Capital Management Ltd.

Crew Capital Management Ltd. cut its position in W.W. Grainger, Inc. (NYSE:GWW) by 10.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 665 shares of the industrial products company’s stock after selling 78 shares during the period. Crew Capital Management Ltd.’s holdings in W.W. Grainger were worth $691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Calton & Associates Inc. boosted its stake in shares of W.W. Grainger by 798.9% in the third quarter. Calton & Associates Inc. now owns 8,549 shares of the industrial products company’s stock worth $8,881,000 after acquiring an additional 7,598 shares during the last quarter. Vest Financial LLC boosted its stake in shares of W.W. Grainger by 13.5% in the third quarter. Vest Financial LLC now owns 51,889 shares of the industrial products company’s stock worth $53,903,000 after acquiring an additional 6,163 shares during the last quarter. Werba Rubin Papier Wealth Management purchased a new position in W.W. Grainger during the third quarter worth approximately $205,000. Resonant Capital Advisors LLC purchased a new position in W.W. Grainger during the third quarter worth approximately $236,000. Finally, Whitaker Myers Wealth Managers LTD. lifted its position in W.W. Grainger by 12.4% during the third quarter. Whitaker Myers Wealth Managers LTD. now owns 381 shares of the industrial products company’s stock worth $396,000 after buying an additional 42 shares in the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GWW has been the topic of a number of analyst reports. Baird R W upgraded W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Royal Bank of Canada reduced their price objective on W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird upgraded W.W. Grainger from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $975.00 to $1,230.00 in a research report on Wednesday, October 16th. Oppenheimer downgraded W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, Bank of America began coverage on W.W. Grainger in a research report on Monday, October 7th. They set an “underperform” rating and a $925.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $1,043.20.

Insider Buying and Selling

In related news, CEO Donald G. Macpherson sold 12,992 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total transaction 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 $102,281,004.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Donald G. Macpherson sold 12,992 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Donald G. Macpherson sold 27,502 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 111,559 shares of the company’s stock, valued at approximately $111,650,478.38. 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 insiders.

W.W. Grainger Trading Down 1.1 %

Shares of GWW stock traded down $12.10 on Monday, hitting $1,114.90. The stock had a trading volume of 49,475 shares, compared to its average volume of 234,683. 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 firm has a market capitalization of $54.71 billion, a P/E ratio of 31.13, a P/E/G ratio of 2.88 and a beta of 1.16. W.W. Grainger, Inc. has a 1 year low of $674.41 and a 1 year high of $1,129.82. The company’s 50 day moving average price is $1,008.79 and its 200-day moving average price is $964.03.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.58 by $0.18. The firm 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%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.28 EPS. Analysts anticipate that W.W. Grainger, Inc. will post 38.65 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Monday, August 12th were paid a dividend of $2.05 per share. The ex-dividend date was Monday, August 12th. This represents a $8.20 annualized dividend and a yield of 0.74%. W.W. Grainger’s payout ratio is 22.64%.

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.