Crossmark Global Holdings Inc. Has $3.54 Million Stock Position in W.W. Grainger, Inc. (NYSE:GWW)

Crossmark Global Holdings Inc. trimmed its position in W.W. Grainger, Inc. (NYSE:GWW) by 51.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,408 shares of the industrial products company’s stock after selling 3,585 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in W.W. Grainger were worth $3,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. GHP Investment Advisors Inc. lifted its stake in shares of W.W. Grainger by 250.0% in the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock worth $29,000 after buying an additional 20 shares during the last quarter. HWG Holdings LP bought a new position in W.W. Grainger during the second quarter worth $26,000. Headlands Technologies LLC bought a new position in W.W. Grainger during the first quarter worth $41,000. Triad Wealth Partners LLC bought a new position in W.W. Grainger during the second quarter worth $42,000. 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 acquiring an additional 14 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of W.W. Grainger in a research report on Friday, September 6th. They set an “equal weight” rating and a $990.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Baird R W raised shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Royal Bank of Canada boosted their price target on shares of W.W. Grainger from $1,018.00 to $1,125.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Finally, Bank of America began coverage on shares of W.W. Grainger in a report on Monday, October 7th. They issued an “underperform” rating and a $925.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1,058.50.

W.W. Grainger Stock Up 1.5 %

GWW opened at $1,220.93 on Tuesday. The firm’s 50-day simple moving average is $1,059.24 and its 200-day simple moving average is $981.51. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.59. W.W. Grainger, Inc. has a twelve month low of $772.13 and a twelve month high of $1,227.66. The firm has a market cap of $59.46 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 3.32 and a beta of 1.15.

W.W. Grainger (NYSE:GWW) last posted 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 firm had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $9.43 EPS. Equities research analysts anticipate that W.W. Grainger, Inc. will post 38.91 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Monday, November 11th will be given a dividend of $2.05 per share. The ex-dividend date is Friday, November 8th. This represents a $8.20 dividend on an annualized basis and a yield of 0.67%. W.W. Grainger’s payout ratio is presently 22.23%.

Insider Buying and Selling at W.W. Grainger

In other W.W. Grainger news, 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 transaction, the vice president now directly owns 4,379 shares in the company, valued at approximately $4,895,021.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other W.W. Grainger news, 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 transaction, the vice president now directly owns 4,379 shares in the company, valued at approximately $4,895,021.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Deidra C. Merriwether sold 704 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $1,105.59, for a total transaction of $778,335.36. Following the transaction, the chief financial officer now owns 9,509 shares in the company, valued at approximately $10,513,055.31. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,775 shares of company stock worth $52,489,979. Company insiders own 9.50% of the company’s stock.

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.