BankPlus Wealth Management LLC Buys Shares of 731 W.W. Grainger, Inc. (NYSE:GWW)

BankPlus Wealth Management LLC purchased a new position in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 731 shares of the industrial products company’s stock, valued at approximately $770,000.

Several other institutional investors have also made changes to their positions in GWW. HWG Holdings LP acquired a new stake in W.W. Grainger in the second quarter valued at approximately $26,000. GHP Investment Advisors Inc. raised its holdings in shares of W.W. Grainger by 250.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 20 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of W.W. Grainger in the 4th quarter valued at $37,000. Larson Financial Group LLC boosted its holdings in W.W. Grainger by 111.1% in the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 20 shares in the last quarter. Finally, Fortitude Family Office LLC increased its position in W.W. Grainger by 38.9% during the third quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company’s stock worth $52,000 after buying an additional 14 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Deidra C. Merriwether sold 704 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $1,105.59, for a total value of $778,335.36. Following the sale, the chief financial officer now owns 9,509 shares of the company’s stock, valued at $10,513,055.31. The trade was a 6.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Laurie R. Thomson sold 125 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total value of $150,753.75. Following the completion of the sale, the vice president now owns 675 shares in the company, valued at $814,070.25. This trade represents a 15.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,406 shares of company stock worth $11,634,643. Corporate insiders own 9.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on GWW shares. Morgan Stanley upped 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 note on Tuesday, November 19th. Loop Capital upped their target price on W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Northcoast Research initiated coverage on shares of W.W. Grainger in a research report on Tuesday, October 29th. They issued a “neutral” rating on the stock. StockNews.com downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. Finally, Robert W. Baird upgraded shares of W.W. Grainger from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $975.00 to $1,230.00 in a report on Wednesday, October 16th. One 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $1,140.56.

View Our Latest Stock Report on W.W. Grainger

W.W. Grainger Stock Up 0.9 %

GWW stock opened at $1,131.99 on Tuesday. The business’s 50-day simple moving average is $1,124.86 and its 200 day simple moving average is $1,061.60. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. W.W. Grainger, Inc. has a twelve month low of $874.98 and a twelve month high of $1,227.66. The company has a market cap of $55.13 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 2.88 and a beta of 1.18.

W.W. Grainger (NYSE:GWWGet Free Report) last released its quarterly earnings data 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). The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.40 billion. W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.43 earnings per share. On average, research analysts anticipate that W.W. Grainger, Inc. will post 38.95 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 11th were issued a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Friday, November 8th. W.W. Grainger’s payout ratio is 22.23%.

About W.W. Grainger

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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