BNC Wealth Management LLC Buys 187 Shares of W.W. Grainger, Inc. (NYSE:GWW)

BNC Wealth Management LLC increased its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 6.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,139 shares of the industrial products company’s stock after purchasing an additional 187 shares during the quarter. BNC Wealth Management LLC’s holdings in W.W. Grainger were worth $3,309,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Avestar Capital LLC lifted its holdings in W.W. Grainger by 2.0% during the 3rd quarter. Avestar Capital LLC now owns 467 shares of the industrial products company’s stock valued at $485,000 after purchasing an additional 9 shares during the last quarter. CX Institutional increased its position in shares of W.W. Grainger by 0.9% in the third quarter. CX Institutional now owns 1,191 shares of the industrial products company’s stock worth $1,237,000 after purchasing an additional 11 shares during the period. Virtue Capital Management LLC increased its position in shares of W.W. Grainger by 5.2% in the third quarter. Virtue Capital Management LLC now owns 223 shares of the industrial products company’s stock worth $232,000 after purchasing an additional 11 shares during the period. Park Avenue Securities LLC boosted its stake in W.W. Grainger by 1.0% in the third quarter. Park Avenue Securities LLC now owns 1,184 shares of the industrial products company’s stock valued at $1,230,000 after buying an additional 12 shares in the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC boosted its stake in W.W. Grainger by 4.0% in the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 312 shares of the industrial products company’s stock valued at $324,000 after buying an additional 12 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

W.W. Grainger Stock Up 0.2 %

GWW stock opened at $1,113.05 on Friday. W.W. Grainger, Inc. has a 1-year low of $855.01 and a 1-year high of $1,227.66. The business has a fifty day moving average price of $1,133.37 and a 200-day moving average price of $1,051.69. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.68. The stock has a market capitalization 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.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing analysts’ consensus estimates of $9.98 by ($0.11). W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. The firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter last year, the company posted $9.43 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. Equities analysts forecast that W.W. Grainger, Inc. will post 38.97 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 11th were issued a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, November 8th. W.W. Grainger’s dividend payout ratio is presently 22.23%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GWW shares. Bank of America began coverage on W.W. Grainger in a research note on Monday, October 7th. They set an “underperform” rating and a $925.00 price target on the stock. Northcoast Research assumed coverage on W.W. Grainger in a report on Tuesday, October 29th. They issued a “neutral” rating for the company. Robert W. Baird upgraded W.W. Grainger from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $975.00 to $1,230.00 in a report on Wednesday, October 16th. Loop Capital boosted their price objective on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a report on Monday, October 21st. Finally, Oppenheimer downgraded W.W. Grainger from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1,140.56.

Insider Buying and Selling at W.W. Grainger

In related news, VP Paige K. Robbins sold 9,577 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total value of $10,705,553.68. Following the sale, the vice president now directly owns 4,379 shares in the company, valued at approximately $4,895,021.36. The trade was a 68.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Deidra C. Merriwether sold 704 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $1,105.59, for a total value of $778,335.36. Following the sale, the chief financial officer now owns 9,509 shares in the company, valued at approximately $10,513,055.31. This trade represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,406 shares of company stock valued at $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.