Greenleaf Trust Buys 70 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Greenleaf Trust increased its stake in W.W. Grainger, Inc. (NYSE:GWW) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,413 shares of the industrial products company’s stock after purchasing an additional 70 shares during the period. Greenleaf Trust’s holdings in W.W. Grainger were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GWW. Ritholtz Wealth Management raised its holdings in shares of W.W. Grainger by 2.8% in the fourth quarter. Ritholtz Wealth Management now owns 436 shares of the industrial products company’s stock valued at $361,000 after purchasing an additional 12 shares during the last quarter. CI Investments Inc. increased its stake in W.W. Grainger by 2.9% in the 3rd quarter. CI Investments Inc. now owns 489 shares of the industrial products company’s stock valued at $338,000 after buying an additional 14 shares during the last quarter. Tsfg LLC lifted its position in W.W. Grainger by 26.9% during the 4th quarter. Tsfg LLC now owns 66 shares of the industrial products company’s stock worth $55,000 after buying an additional 14 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of W.W. Grainger by 1.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 927 shares of the industrial products company’s stock worth $641,000 after buying an additional 15 shares during the last quarter. Finally, Quent Capital LLC boosted its stake in shares of W.W. Grainger by 5.0% during the 4th quarter. Quent Capital LLC now owns 314 shares of the industrial products company’s stock worth $261,000 after buying an additional 15 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GWW shares. Oppenheimer lifted their target price on W.W. Grainger from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Royal Bank of Canada raised their target price on shares of W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a research note on Monday, February 5th. JPMorgan Chase & Co. lifted their price target on W.W. Grainger from $800.00 to $925.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Loop Capital lowered W.W. Grainger from a “buy” rating to a “hold” rating and upped their price objective for the company from $925.00 to $1,000.00 in a research note on Tuesday, February 20th. Finally, Stephens raised their price objective on W.W. Grainger from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $913.89.

W.W. Grainger Price Performance

W.W. Grainger stock opened at $942.65 on Monday. The company has a market capitalization of $46.31 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.85 and a beta of 1.14. The stock’s 50 day moving average is $979.43 and its 200-day moving average is $868.07. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.66. W.W. Grainger, Inc. has a 12 month low of $641.95 and a 12 month high of $1,034.18.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, beating analysts’ consensus estimates of $8.05 by $0.28. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.04 billion. W.W. Grainger had a return on equity of 56.54% and a net margin of 11.10%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $7.14 EPS. Equities research analysts expect that W.W. Grainger, Inc. will post 39.26 EPS for the current year.

W.W. Grainger Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 12th were issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Friday, February 9th. W.W. Grainger’s dividend payout ratio is currently 20.55%.

Insider Buying and Selling at W.W. Grainger

In other news, VP Paige K. Robbins sold 3,813 shares of W.W. Grainger stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $968.88, for a total value of $3,694,339.44. Following the completion of the sale, the vice president now directly owns 4,909 shares in the company, valued at $4,756,231.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP Paige K. Robbins sold 3,813 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the sale, the vice president now directly owns 4,909 shares of the company’s stock, valued at approximately $4,756,231.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Paige K. Robbins sold 3,122 shares of the business’s 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 of the company’s stock, valued at approximately $4,664,629.98. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.

W.W. Grainger Profile

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.