Wealth Alliance Sells 55 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Wealth Alliance lowered its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 4.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,175 shares of the industrial products company’s stock after selling 55 shares during the period. Wealth Alliance’s holdings in W.W. Grainger were worth $974,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its position in shares of W.W. Grainger by 2.8% in the 4th quarter. Ritholtz Wealth Management now owns 436 shares of the industrial products company’s stock worth $361,000 after purchasing an additional 12 shares during the period. CI Investments Inc. lifted its position in W.W. Grainger by 2.9% during the 3rd quarter. CI Investments Inc. now owns 489 shares of the industrial products company’s stock valued at $338,000 after acquiring an additional 14 shares during the period. Tsfg LLC lifted its position in W.W. Grainger by 26.9% during the 4th quarter. Tsfg LLC now owns 66 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 14 shares during the period. Sequoia Financial Advisors LLC lifted its position in W.W. Grainger by 1.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 927 shares of the industrial products company’s stock valued at $641,000 after acquiring an additional 15 shares during the period. Finally, Quent Capital LLC lifted its position in W.W. Grainger by 5.0% during the 4th quarter. Quent Capital LLC now owns 314 shares of the industrial products company’s stock valued at $261,000 after acquiring an additional 15 shares during the period. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

Shares of GWW stock opened at $955.44 on Wednesday. The company has a 50 day moving average price of $979.92 and a 200-day moving average price of $862.80. W.W. Grainger, Inc. has a 52 week low of $641.95 and a 52 week high of $1,034.18. The firm has a market capitalization of $46.94 billion, a PE ratio of 26.39, a P/E/G ratio of 1.87 and a beta of 1.14. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.66.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, topping analysts’ consensus estimates of $8.05 by $0.28. W.W. Grainger had a net margin of 11.10% and a return on equity of 56.54%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same period in the previous year, the business posted $7.14 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts expect that W.W. Grainger, Inc. will post 39.26 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were paid a $1.86 dividend. The ex-dividend date was Friday, February 9th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 0.78%. W.W. Grainger’s dividend payout ratio is presently 20.55%.

Insider Transactions at W.W. Grainger

In related news, VP Paige K. Robbins sold 3,813 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the completion of the sale, the vice president now directly owns 4,909 shares in the company, valued at $4,756,231.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other W.W. Grainger news, VP Paige K. Robbins sold 3,122 shares of W.W. Grainger stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the transaction, the vice president now owns 4,909 shares of the company’s stock, valued at $4,664,629.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paige K. Robbins sold 3,813 shares of W.W. Grainger stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the transaction, the vice president now directly owns 4,909 shares in the company, valued at approximately $4,756,231.92. The disclosure for this sale can be found here. Company insiders own 9.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GWW. Jefferies Financial Group cut shares of W.W. Grainger from a “buy” rating to a “hold” rating and set a $825.00 price target for the company. in a research report on Wednesday, December 20th. JPMorgan Chase & Co. lifted their price target on shares of W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. UBS Group raised their price objective on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Loop Capital lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating and raised their price objective for the company from $925.00 to $1,000.00 in a research note on Tuesday, February 20th. Finally, Stephens raised their price objective on shares of W.W. Grainger from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, W.W. Grainger presently has a consensus rating of “Hold” and a consensus price target of $913.89.

About W.W. Grainger

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.