TRUE Private Wealth Advisors Invests $282,000 in W.W. Grainger, Inc. (NYSE:GWW)

TRUE Private Wealth Advisors bought a new position in W.W. Grainger, Inc. (NYSE:GWW) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 340 shares of the industrial products company’s stock, valued at approximately $282,000.

Several other institutional investors have also made changes to their positions in the company. Atria Wealth Solutions Inc. boosted its holdings in shares of W.W. Grainger by 6.9% during the third quarter. Atria Wealth Solutions Inc. now owns 3,160 shares of the industrial products company’s stock worth $2,187,000 after purchasing an additional 205 shares during the period. Sigma Planning Corp boosted its holdings in shares of W.W. Grainger by 23.4% during the third quarter. Sigma Planning Corp now owns 633 shares of the industrial products company’s stock worth $438,000 after purchasing an additional 120 shares during the period. US Bancorp DE boosted its holdings in shares of W.W. Grainger by 11.3% during the third quarter. US Bancorp DE now owns 71,748 shares of the industrial products company’s stock worth $49,638,000 after purchasing an additional 7,273 shares during the period. Raymond James & Associates boosted its holdings in shares of W.W. Grainger by 12.1% during the fourth quarter. Raymond James & Associates now owns 82,038 shares of the industrial products company’s stock worth $67,984,000 after purchasing an additional 8,865 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of W.W. Grainger by 82,775.0% during the fourth quarter. International Assets Investment Management LLC now owns 43,095 shares of the industrial products company’s stock worth $35,712,000 after purchasing an additional 43,043 shares during the period. 80.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

Several research firms recently commented on GWW. Loop Capital cut shares of W.W. Grainger from a “buy” rating to a “hold” rating and raised their price target for the stock from $925.00 to $1,000.00 in a report on Tuesday, February 20th. Stephens lifted their target price 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. JPMorgan Chase & Co. lifted their target price on shares of W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. UBS Group lifted their target price 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. Finally, Oppenheimer lifted their target price on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $913.89.

W.W. Grainger Trading Down 0.7 %

NYSE:GWW opened at $949.92 on Thursday. W.W. Grainger, Inc. has a 12 month low of $641.95 and a 12 month high of $1,034.18. The firm has a market cap of $46.67 billion, a price-to-earnings ratio of 26.23, 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. The company’s 50 day moving average is $980.02 and its 200-day moving average is $863.40.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, beating 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 company had revenue of $4 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter last year, the firm posted $7.14 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts anticipate that W.W. Grainger, Inc. will post 39.26 EPS for the current year.

W.W. Grainger Announces Dividend

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

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.