W.W. Grainger, Inc. (NYSE:GWW) Shares Sold by Eads & Heald Wealth Management

Eads & Heald Wealth Management trimmed its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,929 shares of the industrial products company’s stock after selling 232 shares during the quarter. W.W. Grainger comprises 1.4% of Eads & Heald Wealth Management’s portfolio, making the stock its 12th largest position. Eads & Heald Wealth Management’s holdings in W.W. Grainger were worth $3,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Norden Group LLC bought a new stake in W.W. Grainger in the first quarter valued at $1,485,000. First Trust Direct Indexing L.P. boosted its stake in W.W. Grainger by 22.2% during the 1st quarter. First Trust Direct Indexing L.P. now owns 721 shares of the industrial products company’s stock valued at $734,000 after purchasing an additional 131 shares during the period. Private Advisor Group LLC grew its position in W.W. Grainger by 3.0% in the 1st quarter. Private Advisor Group LLC now owns 1,222 shares of the industrial products company’s stock worth $1,242,000 after purchasing an additional 36 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of W.W. Grainger by 16.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,590 shares of the industrial products company’s stock valued at $19,929,000 after purchasing an additional 2,778 shares during the period. Finally, Resonant Capital Advisors LLC bought a new stake in shares of W.W. Grainger during the first quarter valued at approximately $208,000. Institutional investors own 80.70% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Donald G. Macpherson sold 27,502 shares of the company’s 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 value of $27,524,551.64. Following the completion of the sale, the chief executive officer now owns 111,559 shares in the company, valued at approximately $111,650,478.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Donald G. Macpherson sold 27,502 shares of W.W. Grainger stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total transaction of $27,524,551.64. Following the transaction, the chief executive officer now owns 111,559 shares in the company, valued at approximately $111,650,478.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Donald G. Macpherson sold 12,992 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Northcoast Research started coverage on W.W. Grainger in a report on Tuesday. They issued a “neutral” rating for the company. Bank of America started coverage on W.W. Grainger in a report on Monday, October 7th. They set an “underperform” rating and a $925.00 price target on the stock. Oppenheimer downgraded shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. Royal Bank of Canada raised their target price on shares of W.W. Grainger from $1,018.00 to $1,125.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a research note on Sunday, September 22nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $1,058.50.

W.W. Grainger Trading Down 0.4 %

W.W. Grainger stock opened at $1,105.07 on Friday. The firm has a market cap of $53.96 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 3.07 and a beta of 1.16. W.W. Grainger, Inc. has a 1 year low of $747.00 and a 1 year high of $1,130.01. The firm’s 50 day moving average price is $1,035.68 and its two-hundred day moving average price is $971.79. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.30.

W.W. Grainger (NYSE:GWW) last issued its earnings results 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 return on equity of 53.25% and a net margin of 10.86%. The company had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the previous year, the firm earned $9.43 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. On average, research analysts predict that W.W. Grainger, Inc. will post 38.69 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Friday, November 8th. W.W. Grainger’s dividend payout ratio is presently 22.50%.

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.