Kingsview Wealth Management LLC Invests $294,000 in W.W. Grainger, Inc. (NYSE:GWW)

Kingsview Wealth Management LLC purchased a new stake in W.W. Grainger, Inc. (NYSE:GWW) in the third quarter, Holdings Channel reports. The firm purchased 283 shares of the industrial products company’s stock, valued at approximately $294,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. increased its stake in shares of W.W. Grainger by 250.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 20 shares during the last quarter. HWG Holdings LP acquired a new position in shares of W.W. Grainger in the 2nd quarter valued at $26,000. Triad Wealth Partners LLC purchased a new position in shares of W.W. Grainger during the 2nd quarter worth $42,000. Fortitude Family Office LLC raised its holdings in W.W. Grainger by 38.9% in the 3rd quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company’s stock valued at $52,000 after buying an additional 14 shares during the period. Finally, Oakworth Capital Inc. purchased a new position in W.W. Grainger during the second quarter worth about $62,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

GWW has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. UBS Group assumed coverage on W.W. Grainger in a research note on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price target on the stock. Baird R W raised W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Morgan Stanley increased their target price on W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer downgraded W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, W.W. Grainger presently has a consensus rating of “Hold” and a consensus price target of $1,109.00.

Insider Activity at W.W. Grainger

In other news, VP Laurie R. Thomson sold 125 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $1,206.03, for a total value of $150,753.75. Following the completion of the sale, the vice president now directly owns 675 shares of the company’s stock, valued at approximately $814,070.25. The trade was a 15.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Donald G. Macpherson sold 27,502 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the transaction, the chief executive officer now owns 111,559 shares in the company, valued at $111,650,478.38. This represents a 19.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,900 shares of company stock valued at $52,640,733 over the last three months. 9.50% of the stock is owned by corporate insiders.

W.W. Grainger Trading Up 0.1 %

Shares of NYSE:GWW opened at $1,206.50 on Friday. W.W. Grainger, Inc. has a 52 week low of $775.00 and a 52 week high of $1,227.66. The company’s 50 day moving average is $1,113.99 and its two-hundred day moving average is $1,004.11. The company has a market cap of $58.76 billion, a PE ratio of 32.67, a P/E/G ratio of 3.33 and a beta of 1.15. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing the consensus estimate of $9.98 by ($0.11). The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.40 billion. W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $9.43 EPS. Equities analysts predict that W.W. Grainger, Inc. will post 38.92 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Monday, November 11th will be paid a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, November 8th. W.W. Grainger’s payout ratio is 22.23%.

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.