W.W. Grainger, Inc. (NYSE:GWW) Holdings Raised by Lindbrook Capital LLC

Lindbrook Capital LLC grew its position in W.W. Grainger, Inc. (NYSE:GWW) by 57.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 140 shares of the industrial products company’s stock after buying an additional 51 shares during the period. Lindbrook Capital LLC’s holdings in W.W. Grainger were worth $116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in GWW. Capital Investment Advisors LLC increased its holdings in shares of W.W. Grainger by 20.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 608 shares of the industrial products company’s stock valued at $421,000 after acquiring an additional 103 shares during the last quarter. DAVENPORT & Co LLC boosted its position in W.W. Grainger by 4.6% during the 3rd quarter. DAVENPORT & Co LLC now owns 2,189 shares of the industrial products company’s stock valued at $1,515,000 after purchasing an additional 96 shares during the period. Meridian Wealth Management LLC boosted its position in W.W. Grainger by 110.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 852 shares of the industrial products company’s stock valued at $589,000 after purchasing an additional 447 shares during the period. RDA Financial Network boosted its position in W.W. Grainger by 6.9% during the 3rd quarter. RDA Financial Network now owns 386 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 25 shares during the period. Finally, Czech National Bank boosted its position in W.W. Grainger by 47.1% during the 3rd quarter. Czech National Bank now owns 7,778 shares of the industrial products company’s stock valued at $5,381,000 after purchasing an additional 2,492 shares during the period. 80.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GWW has been the subject of a number of analyst reports. UBS Group boosted their price objective on W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Oppenheimer boosted their price objective 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 boosted their price objective on W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a research report on Monday, February 5th. StockNews.com upgraded W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Saturday, March 16th. Finally, Loop Capital lowered W.W. Grainger from a “buy” rating to a “hold” rating and boosted their price target for the stock from $925.00 to $1,000.00 in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, W.W. Grainger has an average rating of “Hold” and a consensus price target of $913.89.

W.W. Grainger Trading Up 1.5 %

Shares of W.W. Grainger stock opened at $955.79 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.66. The firm has a market cap of $46.96 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.85 and a beta of 1.14. The business has a fifty day simple moving average of $979.73 and a 200-day simple moving average of $871.45. W.W. Grainger, Inc. has a fifty-two week low of $641.95 and a fifty-two week high of $1,034.18.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Friday, February 2nd. The industrial products company reported $8.33 earnings per share for the quarter, beating the consensus estimate of $8.05 by $0.28. The business had revenue of $4 billion during 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 was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.14 earnings per share. On average, equities analysts forecast that W.W. Grainger, Inc. will post 39.26 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were issued a $1.86 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $7.44 annualized dividend and a dividend yield of 0.78%. W.W. Grainger’s dividend payout ratio (DPR) is 20.55%.

Insider Activity

In other news, VP Paige K. Robbins sold 3,122 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $950.22, for a total value of $2,966,586.84. Following the completion of the sale, the vice president now owns 4,909 shares in the company, valued at $4,664,629.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Paige K. Robbins sold 3,813 shares of the business’s 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 $4,756,231.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paige K. Robbins sold 3,122 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $950.22, for a total value of $2,966,586.84. Following the sale, 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. Insiders own 9.50% of the company’s stock.

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.