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W.W. Grainger, Inc. (NYSE:GWW) Shares Sold by Capital Investment Advisory Services LLC

Defense World ·  10/06 18:22

Capital Investment Advisory Services LLC cut its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW – Get Rating) by 4.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 551 shares of the industrial products company's stock after selling 27 shares during the quarter. Capital Investment Advisory Services LLC's holdings in W.W. Grainger were worth $250,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GWW. Regentatlantic Capital LLC lifted its stake in shares of W.W. Grainger by 1.7% in the first quarter. Regentatlantic Capital LLC now owns 1,259 shares of the industrial products company's stock valued at $649,000 after purchasing an additional 21 shares during the period. Stratos Wealth Partners LTD. raised its position in W.W. Grainger by 1.6% during the first quarter. Stratos Wealth Partners LTD. now owns 1,380 shares of the industrial products company's stock worth $712,000 after acquiring an additional 22 shares during the last quarter. Private Advisor Group LLC raised its position in W.W. Grainger by 2.2% during the first quarter. Private Advisor Group LLC now owns 1,067 shares of the industrial products company's stock worth $550,000 after acquiring an additional 23 shares during the last quarter. Grandeur Peak Global Advisors LLC raised its position in W.W. Grainger by 0.7% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 3,649 shares of the industrial products company's stock worth $1,891,000 after acquiring an additional 24 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in W.W. Grainger by 5.6% during the first quarter. Wellington Management Group LLP now owns 491 shares of the industrial products company's stock worth $254,000 after acquiring an additional 26 shares during the last quarter. 71.33% of the stock is currently owned by institutional investors and hedge funds.

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W.W. Grainger Price Performance

W.W. Grainger stock opened at $518.76 on Thursday. W.W. Grainger, Inc. has a 1 year low of $398.76 and a 1 year high of $588.62. The firm has a 50 day moving average price of $546.76 and a 200 day moving average price of $506.22. The company has a market cap of $26.39 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.39 and a beta of 1.21. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.44 and a current ratio of 2.58.

W.W. Grainger (NYSE:GWW – Get Rating) last released its earnings results on Friday, July 29th. The industrial products company reported $7.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.72 by $0.47. W.W. Grainger had a net margin of 9.23% and a return on equity of 57.59%. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the firm earned $4.27 earnings per share. W.W. Grainger's revenue was up 19.6% compared to the same quarter last year. Sell-side analysts predict that W.W. Grainger, Inc. will post 28.07 earnings per share for the current year.

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 8th were issued a $1.72 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $6.88 dividend on an annualized basis and a yield of 1.33%. W.W. Grainger's payout ratio is 27.14%.

Insider Activity at W.W. Grainger

In related news, VP Paige K. Robbins sold 2,330 shares of the business's stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $500.03, for a total value of $1,165,069.90. Following the completion of the sale, the vice president now directly owns 11,996 shares in the company, valued at $5,998,359.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 10.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of W.W. Grainger from a "strong-buy" rating to a "buy" rating in a research report on Thursday, June 16th. Royal Bank of Canada lifted their target price on shares of W.W. Grainger from $399.00 to $422.00 and gave the stock an "underperform" rating in a research report on Monday, August 1st. Robert W. Baird lifted their target price on shares of W.W. Grainger from $505.00 to $600.00 and gave the stock an "outperform" rating in a research report on Monday, August 1st. Morgan Stanley lifted their price target on shares of W.W. Grainger from $421.00 to $448.00 and gave the stock an "underweight" rating in a report on Monday, August 1st. Finally, Stephens lifted their price target on shares of W.W. Grainger from $565.00 to $600.00 and gave the stock an "equal weight" rating in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, W.W. Grainger presently has an average rating of "Hold" and an average price target of $538.33.

W.W. Grainger Profile

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W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. It offers safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.

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