W.W. Grainger, Inc. (NYSE:GWW) Shares Sold by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC lowered its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,233 shares of the industrial products company’s stock after selling 13 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in W.W. Grainger were worth $1,021,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GWW. OFI Invest Asset Management purchased a new stake in W.W. Grainger during the third quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of W.W. Grainger during the 4th quarter worth about $30,000. Valley National Advisers Inc. acquired a new stake in W.W. Grainger during the 4th quarter worth approximately $40,000. McGlone Suttner Wealth Management Inc. purchased a new position in W.W. Grainger in the fourth quarter valued at approximately $45,000. Finally, Friedenthal Financial purchased a new position in W.W. Grainger in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

Shares of NYSE GWW traded down $18.58 during midday trading on Friday, reaching $929.26. 357,385 shares of the company traded hands, compared to its average volume of 211,078. W.W. Grainger, Inc. has a 52 week low of $641.95 and a 52 week high of $1,034.18. The stock has a 50-day moving average price of $979.95 and a 200 day moving average price of $875.13. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.19 and a quick ratio of 1.64. The company has a market cap of $45.65 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.82 and a beta of 1.14.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $9.62 earnings per share for the quarter, beating analysts’ consensus estimates of $9.57 by $0.05. W.W. Grainger had a net margin of 10.94% and a return on equity of 54.31%. The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the previous year, the business earned $9.61 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. Sell-side analysts anticipate that W.W. Grainger, Inc. will post 39.3 earnings per share for the current fiscal year.

W.W. Grainger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Monday, May 13th will be given a $2.05 dividend. The ex-dividend date is Friday, May 10th. This is a boost from W.W. Grainger’s previous quarterly dividend of $1.86. This represents a $8.20 annualized dividend and a yield of 0.88%. W.W. Grainger’s payout ratio is 20.54%.

Insiders Place Their Bets

In other W.W. Grainger news, VP Paige K. Robbins sold 3,813 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $968.88, for a total value of $3,694,339.44. Following the sale, the vice president now directly owns 4,909 shares in the company, valued at $4,756,231.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other W.W. Grainger news, VP Paige K. Robbins sold 3,813 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $968.88, for a total value of $3,694,339.44. Following the sale, the vice president now directly owns 4,909 shares in the company, valued at $4,756,231.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Paige K. Robbins sold 3,122 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the completion of the sale, the vice president now owns 4,909 shares in the company, valued at $4,664,629.98. The disclosure for this sale can be found here. 9.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Loop Capital lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating and raised their price target for the company from $925.00 to $1,000.00 in a report on Tuesday, February 20th. Oppenheimer raised their price target on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Stephens raised their price target on shares of W.W. Grainger from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Royal Bank of Canada raised their price target on shares of W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. raised their target price on W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $913.89.

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.