Cadinha & Co. LLC Sells 315 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Cadinha & Co. LLC reduced its position in W.W. Grainger, Inc. (NYSE:GWW) by 13.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,041 shares of the industrial products company’s stock after selling 315 shares during the period. Cadinha & Co. LLC’s holdings in W.W. Grainger were worth $2,151,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aaron Wealth Advisors LLC raised its stake in shares of W.W. Grainger by 8.5% during the fourth quarter. Aaron Wealth Advisors LLC now owns 588 shares of the industrial products company’s stock worth $620,000 after buying an additional 46 shares during the last quarter. BNC Wealth Management LLC grew its holdings in W.W. Grainger by 6.3% during the 4th quarter. BNC Wealth Management LLC now owns 3,139 shares of the industrial products company’s stock worth $3,309,000 after acquiring an additional 187 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of W.W. Grainger in the 4th quarter valued at $598,000. Premier Path Wealth Partners LLC boosted its position in shares of W.W. Grainger by 7.2% in the 4th quarter. Premier Path Wealth Partners LLC now owns 638 shares of the industrial products company’s stock worth $672,000 after purchasing an additional 43 shares during the last quarter. Finally, Spring Capital Management LLC grew its stake in shares of W.W. Grainger by 6.1% during the fourth quarter. Spring Capital Management LLC now owns 8,034 shares of the industrial products company’s stock worth $8,468,000 after purchasing an additional 460 shares during the period. Institutional investors own 80.70% of the company’s stock.

Insider Activity

In related news, VP Paige K. Robbins sold 9,577 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $1,117.84, for a total value of $10,705,553.68. Following the transaction, the vice president now owns 4,379 shares in the company, valued at approximately $4,895,021.36. This represents a 68.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Laurie R. Thomson sold 125 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the sale, the vice president now owns 675 shares of the company’s stock, valued at $814,070.25. This trade 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 over the last three months. Insiders own 9.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GWW shares. Oppenheimer lowered W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Loop Capital upped their target price on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Northcoast Research began coverage on shares of W.W. Grainger in a report on Tuesday, October 29th. They issued a “neutral” rating on the stock. Morgan Stanley boosted their price target on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a report on Tuesday, November 19th. Finally, StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $1,140.56.

W.W. Grainger Stock Up 0.2 %

GWW stock opened at $1,113.05 on Friday. The company has a market cap of $54.21 billion, a price-to-earnings ratio of 30.17, a P/E/G ratio of 2.70 and a beta of 1.18. W.W. Grainger, Inc. has a twelve month low of $855.01 and a twelve month high of $1,227.66. The business has a 50 day moving average price of $1,133.37 and a two-hundred day moving average price of $1,051.69. 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 (NYSE:GWW) last released its earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share for the quarter, missing the consensus estimate of $9.98 by ($0.11). The firm had revenue of $4.39 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $9.43 earnings per share. Analysts anticipate that W.W. Grainger, Inc. will post 38.97 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Shareholders 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 yield of 0.74%. The ex-dividend date was Friday, November 8th. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.23%.

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.