Atria Wealth Solutions Inc. Raises Stock Position in W.W. Grainger, Inc. (NYSE:GWW)

Atria Wealth Solutions Inc. grew its position in W.W. Grainger, Inc. (NYSE:GWWFree Report) by 6.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,160 shares of the industrial products company’s stock after acquiring an additional 205 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in W.W. Grainger were worth $2,187,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. OFI Invest Asset Management acquired a new stake in shares of W.W. Grainger during the third quarter worth $25,000. Clear Street Markets LLC acquired a new stake in shares of W.W. Grainger during the fourth quarter worth $26,000. Horizon Bancorp Inc. IN lifted its holdings 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 worth $28,000 after purchasing an additional 28 shares during the period. Retirement Group LLC lifted its holdings 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 worth $28,000 after purchasing an additional 49 shares during the period. Finally, Coppell Advisory Solutions Corp. acquired a new stake in shares of W.W. Grainger during the fourth quarter worth $29,000. 71.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Stephens increased their price target on W.W. Grainger from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Tuesday. StockNews.com downgraded W.W. Grainger from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Jefferies Financial Group downgraded W.W. Grainger from a “buy” rating to a “hold” rating and set a $825.00 target price for the company. in a report on Wednesday, December 20th. Royal Bank of Canada raised their target price on W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. raised their target price on W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, W.W. Grainger currently has an average rating of “Hold” and a consensus price target of $842.22.

Get Our Latest Stock Analysis on GWW

Insider Buying and Selling

In related news, VP Paige K. Robbins sold 3,122 shares of W.W. Grainger stock in a transaction dated 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 completion of the sale, the vice president now owns 4,909 shares in the company, valued at approximately $4,664,629.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other W.W. Grainger news, VP Laurie R. Thomson sold 250 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $801.50, for a total value of $200,375.00. Following the sale, the vice president now directly owns 911 shares of the company’s stock, valued at approximately $730,166.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Paige K. Robbins sold 3,122 shares of W.W. Grainger stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total value of $2,966,586.84. Following the completion of the transaction, the vice president now directly owns 4,909 shares in the company, valued at $4,664,629.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,850 shares of company stock worth $5,121,311. 9.90% of the stock is owned by corporate insiders.

W.W. Grainger Trading Up 1.2 %

Shares of GWW stock opened at $959.01 on Friday. W.W. Grainger, Inc. has a fifty-two week low of $625.97 and a fifty-two week high of $978.95. The stock has a market cap of $47.60 billion, a P/E ratio of 26.48, a P/E/G ratio of 1.86 and a beta of 1.13. The business has a fifty day simple moving average of $852.56 and a 200-day simple moving average of $771.07. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.66.

W.W. Grainger (NYSE:GWWGet Free Report) last announced its quarterly earnings results on Friday, February 2nd. The industrial products company reported $8.33 earnings per share for the quarter, beating analysts’ consensus estimates of $8.05 by $0.28. W.W. Grainger had a return on equity of 56.54% and a net margin of 11.10%. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter last year, the business posted $7.14 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts forecast that W.W. Grainger, Inc. will post 39.24 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Monday, February 12th will be 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 is Friday, February 9th. W.W. Grainger’s dividend payout ratio is currently 20.55%.

W.W. Grainger Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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