W.W. Grainger, Inc. (NYSE:GWW) Stock Holdings Boosted by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC increased its position in W.W. Grainger, Inc. (NYSE:GWW) by 46.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,922 shares of the industrial products company’s stock after acquiring an additional 3,146 shares during the period. W.W. Grainger makes up 1.6% of Teamwork Financial Advisors LLC’s portfolio, making the stock its 25th biggest position. Teamwork Financial Advisors LLC’s holdings in W.W. Grainger were worth $10,095,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bank of Nova Scotia grew its stake in shares of W.W. Grainger by 14.7% in the third quarter. Bank of Nova Scotia now owns 4,149 shares of the industrial products company’s stock worth $2,870,000 after purchasing an additional 533 shares in the last quarter. Rehmann Capital Advisory Group bought a new position in W.W. Grainger in the 3rd quarter valued at about $214,000. Advisors Asset Management Inc. increased its stake in W.W. Grainger by 2.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,364 shares of the industrial products company’s stock valued at $2,327,000 after buying an additional 69 shares during the period. Axxcess Wealth Management LLC bought a new stake in shares of W.W. Grainger during the 3rd quarter worth about $221,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of W.W. Grainger by 11.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 161,158 shares of the industrial products company’s stock worth $111,489,000 after acquiring an additional 16,883 shares during the period. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Trading Down 0.3 %

GWW stock traded down $2.46 during mid-day trading on Thursday, reaching $915.51. 128,957 shares of the stock traded hands, compared to its average volume of 243,521. The stock’s fifty day moving average is $925.21 and its 200-day moving average is $927.37. The company has a market cap of $44.92 billion, a P/E ratio of 25.28, a P/E/G ratio of 1.80 and a beta of 1.17. The company has a current ratio of 2.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. W.W. Grainger, Inc. has a 52-week low of $674.41 and a 52-week high of $1,034.18.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $9.62 EPS for the quarter, topping analysts’ consensus estimates of $9.57 by $0.05. W.W. Grainger had a net margin of 10.94% and a return on equity of 54.31%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the business posted $9.61 EPS. The company’s revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts expect that W.W. Grainger, Inc. will post 39.22 earnings per share for the current year.

W.W. Grainger Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Monday, May 13th were given a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.90%. This is a positive change from W.W. Grainger’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Friday, May 10th. W.W. Grainger’s payout ratio is presently 22.64%.

Insider Buying and Selling

In related news, SVP Matt Fortin sold 511 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $915.20, for a total transaction of $467,667.20. Following the transaction, the senior vice president now directly owns 1,848 shares of the company’s stock, valued at $1,691,289.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GWW. Loop Capital dropped their target price on W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Baird R W downgraded W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Stephens raised W.W. Grainger from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $1,000.00 to $1,250.00 in a report on Monday, April 29th. Finally, Erste Group Bank reissued a “hold” rating on shares of W.W. Grainger in a report on Friday, June 14th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, W.W. Grainger presently has a consensus rating of “Hold” and a consensus price target of $959.44.

About W.W. Grainger

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.