W.W. Grainger, Inc. (NYSE:GWW) Shares Acquired by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC grew its holdings in W.W. Grainger, Inc. (NYSE:GWWFree Report) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,152 shares of the industrial products company’s stock after buying an additional 12 shares during the quarter. W.W. Grainger comprises 1.7% of Terra Nova Asset Management LLC’s investment portfolio, making the stock its 27th biggest holding. Terra Nova Asset Management LLC’s holdings in W.W. Grainger were worth $2,268,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Avestar Capital LLC lifted its holdings in shares of W.W. Grainger by 2.0% in the 3rd quarter. Avestar Capital LLC now owns 467 shares of the industrial products company’s stock valued at $485,000 after buying an additional 9 shares during the period. CX Institutional lifted its holdings in shares of W.W. Grainger by 0.9% in the 3rd quarter. CX Institutional now owns 1,191 shares of the industrial products company’s stock valued at $1,237,000 after buying an additional 11 shares during the period. Virtue Capital Management LLC lifted its holdings in shares of W.W. Grainger by 5.2% in the 3rd quarter. Virtue Capital Management LLC now owns 223 shares of the industrial products company’s stock valued at $232,000 after buying an additional 11 shares during the period. Park Avenue Securities LLC raised its holdings in W.W. Grainger by 1.0% during the third quarter. Park Avenue Securities LLC now owns 1,184 shares of the industrial products company’s stock worth $1,230,000 after purchasing an additional 12 shares during the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC raised its holdings in W.W. Grainger by 4.0% during the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 312 shares of the industrial products company’s stock worth $324,000 after purchasing an additional 12 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Price Performance

Shares of NYSE:GWW opened at $1,113.05 on Monday. The company has a market cap of $54.21 billion, a P/E ratio of 30.17, a P/E/G ratio of 2.70 and a beta of 1.18. 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 52 week low of $855.01 and a 52 week high of $1,227.66. The business has a fifty day simple moving average of $1,133.37 and a 200-day simple moving average of $1,052.65.

W.W. Grainger (NYSE:GWWGet Free Report) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing analysts’ consensus estimates of $9.98 by ($0.11). The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.40 billion. W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. W.W. Grainger’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $9.43 EPS. Equities research analysts forecast that W.W. Grainger, Inc. will post 38.97 EPS for the current year.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 11th were given a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, November 8th. W.W. Grainger’s payout ratio is 22.23%.

Insider Transactions at W.W. Grainger

In other news, VP Paige K. Robbins sold 9,577 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total value of $10,705,553.68. Following the completion of the sale, the vice president now owns 4,379 shares of the company’s stock, valued at $4,895,021.36. This trade represents a 68.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Laurie R. Thomson sold 125 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $1,206.03, for a total value of $150,753.75. Following the sale, the vice president now owns 675 shares of the company’s stock, valued at approximately $814,070.25. This represents a 15.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,406 shares of company stock valued at $11,634,643 in the last three months. 9.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GWW has been the subject of several research reports. Northcoast Research initiated coverage on W.W. Grainger in a report on Tuesday, October 29th. They set a “neutral” rating for the company. Bank of America initiated coverage on W.W. Grainger in a report on Monday, October 7th. They set an “underperform” rating and a $925.00 price objective for the company. Royal Bank of Canada lifted their price objective on W.W. Grainger from $1,018.00 to $1,125.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Baird R W raised W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, UBS Group initiated coverage on W.W. Grainger in a research report on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price target for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1,140.56.

View Our Latest Research Report on GWW

W.W. Grainger Profile

(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.

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

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