Beacon Pointe Advisors LLC Has $536,000 Stock Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Beacon Pointe Advisors LLC reduced its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 647 shares of the industrial products company’s stock after selling 63 shares during the period. Beacon Pointe Advisors LLC’s holdings in W.W. Grainger were worth $536,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC raised its stake in shares of W.W. Grainger by 2.0% during the third quarter. Private Advisor Group LLC now owns 1,108 shares of the industrial products company’s stock valued at $766,000 after acquiring an additional 22 shares during the last quarter. Larson Financial Group LLC grew its position in shares of W.W. Grainger by 140.0% in the 3rd quarter. Larson Financial Group LLC now owns 72 shares of the industrial products company’s stock valued at $50,000 after buying an additional 42 shares during the last quarter. Signaturefd LLC increased its stake in shares of W.W. Grainger by 2.9% in the third quarter. Signaturefd LLC now owns 1,193 shares of the industrial products company’s stock valued at $825,000 after buying an additional 34 shares during the period. Syon Capital LLC bought a new position in shares of W.W. Grainger during the third quarter worth about $277,000. Finally, NBC Securities Inc. acquired a new position in shares of W.W. Grainger in the third quarter worth approximately $484,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Trading Down 1.0 %

NYSE GWW opened at $954.70 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.19 and a debt-to-equity ratio of 0.51. W.W. Grainger, Inc. has a 52 week low of $641.95 and a 52 week high of $1,034.18. The business has a 50 day moving average price of $970.85 and a 200-day moving average price of $903.95. The company has a market cap of $46.85 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 1.88 and a beta of 1.18.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $9.62 earnings per share for the quarter, topping the consensus estimate of $9.57 by $0.05. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. W.W. Grainger had a net margin of 10.94% and a return on equity of 54.31%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $9.61 earnings per share. As a group, equities analysts expect that W.W. Grainger, Inc. will post 39.34 earnings per share for the current fiscal year.

W.W. Grainger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Monday, May 13th will be issued a dividend of $2.05 per share. This is a positive change from W.W. Grainger’s previous quarterly dividend of $1.86. This represents a $8.20 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, May 10th. W.W. Grainger’s payout ratio is currently 22.64%.

Wall Street Analyst Weigh In

GWW has been the subject of several analyst reports. Royal Bank of Canada raised their price target on shares of W.W. Grainger from $809.00 to $907.00 and gave the stock a “sector perform” rating in a report on Monday, February 5th. JPMorgan Chase & Co. boosted their target price on shares of W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. UBS Group increased their price target on W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a 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 note on Tuesday, March 5th. Finally, StockNews.com raised W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $938.89.

Insider Transactions at W.W. Grainger

In related news, VP Paige K. Robbins sold 3,813 shares of W.W. Grainger stock in a transaction that occurred 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 transaction, the vice president now 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 SEC, which can be accessed through this link. Company 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.