Trueblood Wealth Management LLC Buys 20 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Trueblood Wealth Management LLC boosted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 478 shares of the industrial products company’s stock after buying an additional 20 shares during the period. Trueblood Wealth Management LLC’s holdings in W.W. Grainger were worth $497,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Clearbridge Investments LLC lifted its holdings in shares of W.W. Grainger by 17.4% in the 1st quarter. Clearbridge Investments LLC now owns 1,148,051 shares of the industrial products company’s stock worth $1,167,913,000 after acquiring an additional 169,897 shares during the last quarter. Dimensional Fund Advisors LP raised its position in W.W. Grainger by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 360,026 shares of the industrial products company’s stock worth $324,841,000 after purchasing an additional 17,699 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in W.W. Grainger in the second quarter worth about $281,104,000. Hsbc Holdings PLC boosted its position in shares of W.W. Grainger by 0.8% during the second quarter. Hsbc Holdings PLC now owns 243,470 shares of the industrial products company’s stock valued at $219,386,000 after buying an additional 1,849 shares during the period. Finally, Swedbank AB grew its stake in shares of W.W. Grainger by 23.5% during the third quarter. Swedbank AB now owns 193,888 shares of the industrial products company’s stock valued at $201,413,000 after buying an additional 36,892 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GWW. Loop Capital raised their price target on W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Bank of America initiated coverage on shares of W.W. Grainger in a research note on Monday, October 7th. They set an “underperform” rating and a $925.00 target price for the company. Morgan Stanley initiated coverage on shares of W.W. Grainger in a research note on Friday, September 6th. They issued an “equal weight” rating and a $990.00 price target on the stock. Royal Bank of Canada lowered their price objective on shares of 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. Finally, Robert W. Baird raised shares of W.W. Grainger from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $975.00 to $1,230.00 in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, W.W. Grainger has an average rating of “Hold” and a consensus target price of $1,043.20.

Insider Activity

In related news, CEO Donald G. Macpherson sold 12,992 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the completion of the sale, the chief executive officer now owns 98,567 shares of the company’s stock, valued at $102,281,004.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 111,559 shares of the company’s stock, valued at approximately $111,650,478.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Donald G. Macpherson sold 12,992 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the transaction, the chief executive officer now owns 98,567 shares in the company, valued at approximately $102,281,004.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.50% of the company’s stock.

W.W. Grainger Stock Performance

Shares of GWW stock opened at $1,090.94 on Friday. The company’s 50 day moving average is $1,022.51 and its 200 day moving average is $967.46. The company has a quick ratio of 1.40, a current ratio of 2.30 and a debt-to-equity ratio of 0.50. The firm has a market cap of $53.53 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 2.88 and a beta of 1.16. W.W. Grainger, Inc. has a 52-week low of $687.55 and a 52-week high of $1,129.92.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, topping the consensus estimate of $9.58 by $0.18. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.35 billion. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $9.28 EPS. On average, sell-side analysts anticipate that W.W. Grainger, Inc. will post 38.65 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Monday, August 12th were given a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Monday, August 12th. W.W. Grainger’s payout ratio is 22.64%.

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.