Summit Trail Advisors LLC Purchases 104 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Summit Trail Advisors LLC boosted its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 33.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 419 shares of the industrial products company’s stock after buying an additional 104 shares during the period. Summit Trail Advisors LLC’s holdings in W.W. Grainger were worth $436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC bought a new stake in shares of W.W. Grainger in the 1st quarter valued at approximately $208,000. Janus Henderson Group PLC lifted its stake in shares of W.W. Grainger by 36.6% in the 1st quarter. Janus Henderson Group PLC now owns 9,506 shares of the industrial products company’s stock valued at $9,664,000 after purchasing an additional 2,548 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of W.W. Grainger by 8.2% in the 1st quarter. Tidal Investments LLC now owns 4,832 shares of the industrial products company’s stock valued at $4,916,000 after purchasing an additional 367 shares during the last quarter. Plato Investment Management Ltd lifted its stake in shares of W.W. Grainger by 2,217.8% in the 1st quarter. Plato Investment Management Ltd now owns 1,043 shares of the industrial products company’s stock valued at $1,061,000 after purchasing an additional 998 shares during the last quarter. Finally, Wahed Invest LLC lifted its stake in shares of W.W. Grainger by 14.5% in the 1st quarter. Wahed Invest LLC now owns 860 shares of the industrial products company’s stock valued at $875,000 after purchasing an additional 109 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

W.W. Grainger Trading Up 0.1 %

GWW opened at $1,216.43 on Wednesday. The stock’s fifty day moving average is $1,102.56 and its two-hundred day moving average is $999.46. The company has a market capitalization of $59.24 billion, a P/E ratio of 32.97, a PEG ratio of 3.33 and a beta of 1.15. W.W. Grainger, Inc. has a 52 week low of $772.13 and a 52 week high of $1,227.66. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data 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 firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.43 earnings per share. Analysts forecast that W.W. Grainger, Inc. will post 38.92 earnings per share for the current year.

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Monday, November 11th will be given a dividend of $2.05 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $8.20 annualized dividend and a yield of 0.67%. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.23%.

Analyst Ratings Changes

GWW has been the subject of several analyst reports. Robert W. Baird raised W.W. Grainger from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $975.00 to $1,230.00 in a research note on Wednesday, October 16th. Wolfe Research upgraded W.W. Grainger to a “hold” rating in a report on Sunday, September 22nd. Bank of America initiated coverage on W.W. Grainger in a report on Monday, October 7th. They issued an “underperform” rating and a $925.00 price target on the stock. StockNews.com upgraded W.W. Grainger from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Royal Bank of Canada increased their price target on W.W. Grainger from $1,018.00 to $1,125.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, W.W. Grainger presently has a consensus rating of “Hold” and a consensus price target of $1,109.00.

Insider Buying and Selling at W.W. Grainger

In other news, CFO Deidra C. Merriwether sold 704 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $1,105.59, for a total value of $778,335.36. Following the completion of the sale, the chief financial officer now owns 9,509 shares of the company’s stock, valued at $10,513,055.31. This trade represents a 6.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Donald G. Macpherson sold 27,502 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 111,559 shares of the company’s stock, valued at $111,650,478.38. The trade was a 19.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,900 shares of company stock valued at $52,640,733. 9.50% of the stock is currently owned by corporate insiders.

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.