Solidarity Wealth LLC reduced its holdings in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 93.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 219 shares of the industrial products company’s stock after selling 3,100 shares during the period. Solidarity Wealth LLC’s holdings in W.W. Grainger were worth $227,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Cornerstone Wealth Group LLC purchased a new stake in shares of W.W. Grainger in the third quarter worth approximately $222,000. Hudson Valley Investment Advisors Inc. ADV lifted its position in W.W. Grainger by 31.3% in the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 7,893 shares of the industrial products company’s stock worth $8,200,000 after buying an additional 1,880 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of W.W. Grainger by 24.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,210 shares of the industrial products company’s stock valued at $1,257,000 after buying an additional 234 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of W.W. Grainger by 6,681.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,781 shares of the industrial products company’s stock valued at $7,338,000 after acquiring an additional 6,681 shares in the last quarter. Finally, Integrated Advisors Network LLC grew its holdings in shares of W.W. Grainger by 8.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 285 shares of the industrial products company’s stock valued at $296,000 after acquiring an additional 21 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO Donald G. Macpherson sold 12,992 shares of the stock in a transaction dated Monday, September 30th. The shares were 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 owns 98,567 shares in the company, valued at approximately $102,281,004.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Donald G. Macpherson sold 12,992 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the sale, the chief executive officer now directly owns 98,567 shares in the company, valued at approximately $102,281,004.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Donald G. Macpherson sold 27,502 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the completion of the transaction, the chief executive officer now directly owns 111,559 shares of the company’s stock, valued at approximately $111,650,478.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.50% of the company’s stock.
W.W. Grainger Trading Up 0.2 %
W.W. Grainger (NYSE:GWW – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, topping analysts’ consensus estimates of $9.58 by $0.18. The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.35 billion. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $9.28 earnings per share. Equities research analysts predict that W.W. Grainger, Inc. will post 38.69 earnings per share for the current year.
W.W. Grainger Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Monday, November 11th will be issued a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 0.75%. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.64%.
Analyst Ratings Changes
GWW has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Loop Capital boosted their price target on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Royal Bank of Canada cut their price objective on shares of W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Oppenheimer downgraded shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Finally, Bank of America assumed coverage on shares of W.W. Grainger in a report on Monday, October 7th. They set an “underperform” rating and a $925.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1,043.20.
View Our Latest Research Report on GWW
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.
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