W.W. Grainger, Inc. (NYSE:GWW) Shares Sold by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. reduced its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 0.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 10,334 shares of the industrial products company’s stock after selling 39 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in W.W. Grainger were worth $10,735,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of GWW. Valued Wealth Advisors LLC boosted its position in W.W. Grainger by 170.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 27 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 17 shares during the period. HWG Holdings LP bought a new stake in W.W. Grainger in the second quarter valued at $26,000. Scarborough Advisors LLC acquired a new position in shares of W.W. Grainger during the fourth quarter valued at $28,000. Washington Trust Advisors Inc. grew its position in shares of W.W. Grainger by 225.0% during the first quarter. Washington Trust Advisors Inc. now owns 39 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 27 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of W.W. Grainger in the 1st quarter worth about $41,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Royal Bank of Canada reduced their target price on shares of W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. Bank of America started coverage on W.W. Grainger in a report on Monday, October 7th. They issued an “underperform” rating and a $925.00 price objective for the company. Robert W. Baird upgraded W.W. Grainger from a “neutral” rating to an “outperform” rating and raised their target price for the company from $975.00 to $1,230.00 in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on 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. Finally, Wolfe Research upgraded shares of W.W. Grainger to a “hold” rating in a research note on Sunday, September 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, W.W. Grainger presently has an average rating of “Hold” and a consensus price target of $1,030.70.

Insider Transactions at W.W. Grainger

In related news, CEO Donald G. Macpherson sold 27,502 shares of the 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 transaction, the chief executive officer now owns 111,559 shares in the company, valued at $111,650,478.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Donald G. Macpherson sold 12,992 shares of the business’s 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 sale, the chief executive officer now owns 98,567 shares in the company, valued at $102,281,004.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction 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 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 transaction of $27,524,551.64. Following the completion of the transaction, the chief executive officer now directly owns 111,559 shares of the company’s stock, valued at $111,650,478.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is owned by insiders.

W.W. Grainger Price Performance

NYSE GWW traded up $29.43 on Wednesday, reaching $1,115.00. The company’s stock had a trading volume of 36,017 shares, compared to its average volume of 235,153. W.W. Grainger, Inc. has a twelve month low of $674.41 and a twelve month high of $1,115.63. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.30. The firm’s 50 day moving average is $999.69 and its two-hundred day moving average is $961.33. The stock has a market cap of $54.71 billion, a PE ratio of 29.99, a PEG ratio of 2.88 and a beta of 1.16.

W.W. Grainger (NYSE:GWW) last released its earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, beating the consensus estimate of $9.58 by $0.18. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $9.28 earnings per share. As a group, sell-side analysts predict that W.W. Grainger, Inc. will post 38.65 EPS for the current year.

W.W. Grainger Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Monday, August 12th were issued a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend 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.