Concord Wealth Partners Buys 362 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Concord Wealth Partners increased its stake in W.W. Grainger, Inc. (NYSE:GWW) by 20.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,148 shares of the industrial products company’s stock after buying an additional 362 shares during the period. Concord Wealth Partners’ holdings in W.W. Grainger were worth $2,231,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Hexagon Capital Partners LLC boosted its stake in shares of W.W. Grainger by 10.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 121 shares of the industrial products company’s stock worth $124,000 after buying an additional 11 shares during the last quarter. Optas LLC increased its position in W.W. Grainger by 0.8% during the second quarter. Optas LLC now owns 1,353 shares of the industrial products company’s stock valued at $1,221,000 after acquiring an additional 11 shares during the last quarter. CX Institutional lifted its holdings in W.W. Grainger by 0.9% in the third quarter. CX Institutional now owns 1,191 shares of the industrial products company’s stock valued at $1,237,000 after acquiring an additional 11 shares during the period. Sage Mountain Advisors LLC boosted its position in W.W. Grainger by 4.4% in the second quarter. Sage Mountain Advisors LLC now owns 284 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 12 shares during the last quarter. Finally, Ritholtz Wealth Management grew its stake in shares of W.W. Grainger by 2.7% during the 2nd quarter. Ritholtz Wealth Management now owns 463 shares of the industrial products company’s stock valued at $418,000 after purchasing an additional 12 shares during the period. 80.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Robert W. Baird upgraded shares of W.W. Grainger from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $975.00 to $1,230.00 in a research report on Wednesday, October 16th. Bank of America assumed coverage on shares of W.W. Grainger in a research report on Monday, October 7th. They set an “underperform” rating and a $925.00 price objective for the company. Royal Bank of Canada decreased their target price on W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. Loop Capital lifted their target price on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Finally, Morgan Stanley started coverage on W.W. Grainger in a research report on Friday, September 6th. They issued an “equal weight” rating and a $990.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $1,043.20.

Insider Buying and Selling at W.W. Grainger

In other news, CEO Donald G. Macpherson sold 12,992 shares of W.W. Grainger stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the sale, the chief executive officer now directly owns 98,567 shares of the company’s stock, valued at approximately $102,281,004.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Donald G. Macpherson sold 12,992 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 98,567 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Donald G. Macpherson sold 27,502 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,000.82, for a total transaction of $27,524,551.64. Following the sale, the chief executive officer now directly owns 111,559 shares in the company, valued at approximately $111,650,478.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.

W.W. Grainger Price Performance

Shares of NYSE:GWW traded up $5.56 during trading on Monday, hitting $1,096.50. 33,342 shares of the company’s stock were exchanged, compared to its average volume of 232,883. The business’s 50-day simple moving average is $1,022.51 and its 200 day simple moving average is $966.94. The company has a market cap of $53.80 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 3.07 and a beta of 1.16. W.W. Grainger, Inc. has a 52-week low of $710.24 and a 52-week high of $1,129.92. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.30 and a quick ratio of 1.40.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.58 by $0.18. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the firm posted $9.28 EPS. The company’s revenue was up 3.1% on a year-over-year basis. As a group, equities analysts predict that W.W. Grainger, Inc. will post 38.69 EPS for the current year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Monday, August 12th were paid a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Monday, August 12th. W.W. Grainger’s payout ratio is currently 22.64%.

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.