W.W. Grainger, Inc. (NYSE:GWW) Shares Acquired by Dakota Wealth Management

Dakota Wealth Management increased its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. XTX Topco Ltd acquired a new stake in shares of W.W. Grainger during the second quarter valued at $410,000. Pacer Advisors Inc. boosted its stake in shares of W.W. Grainger by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 4,462 shares of the industrial products company’s stock worth $4,026,000 after purchasing an additional 361 shares during the last quarter. Sei Investments Co. grew its holdings in shares of W.W. Grainger by 6.0% during the second quarter. Sei Investments Co. now owns 22,699 shares of the industrial products company’s stock worth $20,479,000 after buying an additional 1,281 shares in the last quarter. Frank Rimerman Advisors LLC raised its position in shares of W.W. Grainger by 7,800.0% in the second quarter. Frank Rimerman Advisors LLC now owns 237 shares of the industrial products company’s stock valued at $214,000 after buying an additional 234 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in shares of W.W. Grainger by 7.8% during the second quarter. 1832 Asset Management L.P. now owns 4,273 shares of the industrial products company’s stock valued at $3,855,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

NYSE:GWW opened at $1,122.98 on Thursday. W.W. Grainger, Inc. has a twelve month low of $866.03 and a twelve month high of $1,227.66. The firm has a market capitalization of $54.69 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 2.86 and a beta of 1.18. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $1,127.89 and its 200 day simple moving average is $1,055.98.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share for the quarter, missing the consensus estimate of $9.98 by ($0.11). The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. W.W. Grainger’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $9.43 EPS. As a group, equities research analysts expect 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. Stockholders of record on Monday, November 11th were paid a dividend of $2.05 per share. The ex-dividend date was Friday, November 8th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.73%. W.W. Grainger’s dividend payout ratio is currently 22.23%.

Insider Transactions at W.W. Grainger

In related news, VP Laurie R. Thomson sold 125 shares of W.W. Grainger stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the sale, the vice president now owns 675 shares of the company’s stock, valued at $814,070.25. The trade was a 15.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Paige K. Robbins sold 9,577 shares of the company’s stock in a transaction dated 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 completion of 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 10,406 shares of company stock valued at $11,634,643. Corporate insiders own 9.50% of the company’s stock.

Analysts Set New Price Targets

GWW has been the subject of several analyst reports. Robert W. Baird upgraded W.W. Grainger from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $975.00 to $1,230.00 in a report on Wednesday, October 16th. Baird R W upgraded W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Bank of America began coverage on W.W. Grainger in a report on Monday, October 7th. They issued an “underperform” rating and a $925.00 price target for the company. StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. Finally, Morgan Stanley boosted their target price on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $1,140.56.

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.