Mather Group LLC. Purchases 30 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Mather Group LLC. boosted its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 11.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 283 shares of the industrial products company’s stock after buying an additional 30 shares during the period. Mather Group LLC.’s holdings in W.W. Grainger were worth $255,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of W.W. Grainger by 5.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the industrial products company’s stock valued at $168,000 after purchasing an additional 11 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of W.W. Grainger by 10.0% in the first quarter. Hexagon Capital Partners LLC now owns 121 shares of the industrial products company’s stock valued at $124,000 after buying an additional 11 shares during the period. Aaron Wealth Advisors LLC increased its position in shares of W.W. Grainger by 2.7% during the first quarter. Aaron Wealth Advisors LLC now owns 463 shares of the industrial products company’s stock worth $471,000 after acquiring an additional 12 shares in the last quarter. Copperwynd Financial LLC lifted its position in W.W. Grainger by 3.6% in the 4th quarter. Copperwynd Financial LLC now owns 347 shares of the industrial products company’s stock valued at $288,000 after acquiring an additional 12 shares in the last quarter. Finally, Alpha DNA Investment Management LLC increased its holdings in W.W. Grainger by 4.0% during the 4th quarter. Alpha DNA Investment Management LLC now owns 339 shares of the industrial products company’s stock worth $281,000 after purchasing an additional 13 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insider Transactions at W.W. Grainger

In related news, SVP Matt Fortin sold 511 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $915.20, for a total transaction of $467,667.20. Following the sale, the senior vice president now owns 1,848 shares of the company’s stock, valued at approximately $1,691,289.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 9.50% of the company’s stock.

W.W. Grainger Price Performance

Shares of W.W. Grainger stock traded up $12.07 during trading on Wednesday, reaching $964.73. 65,842 shares of the company’s stock were exchanged, compared to its average volume of 246,463. The firm’s 50-day moving average price is $924.80 and its 200 day moving average price is $947.23. The company has a market cap of $47.34 billion, a P/E ratio of 26.28, a PEG ratio of 1.85 and a beta of 1.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 2.30. W.W. Grainger, Inc. has a 1-year low of $674.41 and a 1-year high of $1,034.18.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, topping analysts’ consensus estimates of $9.58 by $0.18. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.35 billion. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.28 earnings per share. As a group, research analysts anticipate that W.W. Grainger, Inc. will post 39.1 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Monday, August 12th will be paid a dividend of $2.05 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.85%. W.W. Grainger’s payout ratio is presently 22.64%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GWW shares. Stephens raised shares of W.W. Grainger from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $1,000.00 to $1,250.00 in a research note on Monday, April 29th. Erste Group Bank reiterated a “hold” rating on shares of W.W. Grainger in a research note on Friday, June 14th. JPMorgan Chase & Co. increased 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 research note on Friday, August 2nd. Loop Capital lowered their target price on W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Finally, Royal Bank of Canada reduced their price target on W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1,017.13.

W.W. Grainger Company 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.