Premier Path Wealth Partners LLC Purchases 43 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Premier Path Wealth Partners LLC raised its position in W.W. Grainger, Inc. (NYSE:GWW) by 7.2% in the 4th quarter, Holdings Channel reports. The firm owned 638 shares of the industrial products company’s stock after buying an additional 43 shares during the period. Premier Path Wealth Partners LLC’s holdings in W.W. Grainger were worth $672,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GWW. State Street Corp lifted its holdings in shares of W.W. Grainger by 2.3% during the 3rd quarter. State Street Corp now owns 1,997,191 shares of the industrial products company’s stock valued at $2,074,702,000 after purchasing an additional 45,369 shares in the last quarter. FMR LLC lifted its stake in W.W. Grainger by 2.6% in the third quarter. FMR LLC now owns 1,617,149 shares of the industrial products company’s stock valued at $1,679,911,000 after buying an additional 40,992 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of W.W. Grainger by 2.5% in the third quarter. Geode Capital Management LLC now owns 1,167,031 shares of the industrial products company’s stock valued at $1,208,610,000 after buying an additional 28,626 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of W.W. Grainger by 8.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 546,960 shares of the industrial products company’s stock worth $568,188,000 after acquiring an additional 42,866 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of W.W. Grainger by 4.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 324,367 shares of the industrial products company’s stock worth $336,956,000 after acquiring an additional 12,805 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GWW shares. Morgan Stanley upped their target price on shares of 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. Bank of America began coverage on W.W. Grainger in a report on Monday, October 7th. They set an “underperform” rating and a $925.00 price objective for the company. StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. Royal Bank of Canada raised their price target on shares of W.W. Grainger from $1,018.00 to $1,125.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. Finally, Loop Capital boosted their price objective on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, W.W. Grainger has an average rating of “Hold” and a consensus price target of $1,140.56.

W.W. Grainger Stock Performance

Shares of GWW stock opened at $1,113.05 on Friday. The company has a fifty day moving average price of $1,133.37 and a two-hundred day moving average price of $1,051.69. W.W. Grainger, Inc. has a one year low of $855.01 and a one year high of $1,227.66. The stock has a market cap of $54.21 billion, a P/E ratio of 30.17, a P/E/G ratio of 2.70 and a beta of 1.18. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.68.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.98 by ($0.11). The firm had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.40 billion. W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $9.43 earnings per share. As a group, equities analysts predict that W.W. Grainger, Inc. will post 38.97 EPS for the current year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Monday, November 11th were issued a dividend of $2.05 per share. 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 Friday, November 8th. W.W. Grainger’s payout ratio is presently 22.23%.

Insider Activity at W.W. Grainger

In related news, VP Laurie R. Thomson sold 125 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total value of $150,753.75. Following the transaction, the vice president now owns 675 shares in the company, valued at approximately $814,070.25. This represents a 15.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paige K. Robbins sold 9,577 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the sale, the vice president now owns 4,379 shares of the company’s stock, valued at $4,895,021.36. This trade represents a 68.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,406 shares of company stock worth $11,634,643. Company insiders own 9.50% of the company’s stock.

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.