Wintrust Investments LLC reduced its holdings in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 414 shares of the industrial products company’s stock after selling 20 shares during the period. Wintrust Investments LLC’s holdings in W.W. Grainger were worth $327,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the business. Clear Street Markets LLC bought a new stake in shares of W.W. Grainger during the fourth quarter valued at approximately $26,000. Horizon Bancorp Inc. IN increased its position in shares of W.W. Grainger by 400.0% during the second quarter. Horizon Bancorp Inc. IN now owns 35 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 28 shares during the period. Retirement Group LLC increased its position in shares of W.W. Grainger by 2,450.0% during the fourth quarter. Retirement Group LLC now owns 51 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 49 shares during the period. Coppell Advisory Solutions Corp. bought a new stake in shares of W.W. Grainger during the fourth quarter valued at approximately $29,000. Finally, Fairfield Bush & CO. bought a new stake in shares of W.W. Grainger during the first quarter valued at approximately $30,000. 71.24% of the stock is owned by institutional investors.
Insider Transactions at W.W. Grainger
In related news, SVP Matt Fortin sold 3,439 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $735.85, for a total value of $2,530,588.15. Following the completion of the sale, the senior vice president now owns 2,462 shares in the company, valued at approximately $1,811,662.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 9.90% of the company’s stock.
Analyst Upgrades and Downgrades
W.W. Grainger Trading Up 0.9 %
Shares of GWW opened at $802.18 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.85 and a debt-to-equity ratio of 0.67. W.W. Grainger, Inc. has a 12-month low of $534.01 and a 12-month high of $811.60. The firm has a market capitalization of $39.82 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 1.68 and a beta of 1.13. The stock’s fifty day simple moving average is $722.06 and its 200-day simple moving average is $719.33.
W.W. Grainger (NYSE:GWW – Get Free Report) last issued its earnings results on Thursday, October 26th. The industrial products company reported $9.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.85 by $0.58. The firm had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.22 billion. W.W. Grainger had a return on equity of 58.02% and a net margin of 11.16%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $8.27 earnings per share. As a group, research analysts predict that W.W. Grainger, Inc. will post 36.37 earnings per share for the current year.
W.W. Grainger Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be issued a $1.86 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $7.44 annualized dividend and a yield of 0.93%. W.W. Grainger’s dividend payout ratio (DPR) is presently 20.75%.
W.W. Grainger Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating 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. The company provides 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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