W.W. Grainger, Inc. (NYSE:GWW) Holdings Boosted by BKM Wealth Management LLC

BKM Wealth Management LLC raised its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,448 shares of the industrial products company’s stock after acquiring an additional 59 shares during the quarter. BKM Wealth Management LLC’s holdings in W.W. Grainger were worth $1,504,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in shares of W.W. Grainger by 36.6% during the 1st quarter. Janus Henderson Group PLC now owns 9,506 shares of the industrial products company’s stock worth $9,664,000 after purchasing an additional 2,548 shares during the last quarter. ORG Partners LLC lifted its stake in shares of W.W. Grainger by 1,201.6% in the second quarter. ORG Partners LLC now owns 833 shares of the industrial products company’s stock valued at $748,000 after buying an additional 769 shares during the period. State Board of Administration of Florida Retirement System grew its position in W.W. Grainger by 11.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 59,822 shares of the industrial products company’s stock worth $60,857,000 after buying an additional 6,042 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of W.W. Grainger by 576.3% in the 1st quarter. Cetera Advisors LLC now owns 5,559 shares of the industrial products company’s stock worth $5,655,000 after acquiring an additional 4,737 shares during the period. Finally, Diversified Trust Co grew its holdings in shares of W.W. Grainger by 280.4% during the 2nd quarter. Diversified Trust Co now owns 2,621 shares of the industrial products company’s stock worth $2,365,000 after purchasing an additional 1,932 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

NYSE:GWW opened at $1,090.94 on Friday. W.W. Grainger, Inc. has a twelve month low of $687.55 and a twelve month high of $1,129.92. The company has a quick ratio of 1.40, a current ratio of 2.30 and a debt-to-equity ratio of 0.50. The stock’s 50-day simple moving average is $1,022.51 and its 200 day simple moving average is $967.46. The firm has a market capitalization of $53.27 billion, a PE ratio of 29.93, a price-to-earnings-growth ratio of 3.07 and a beta of 1.16.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, topping analysts’ consensus estimates of $9.58 by $0.18. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.28 earnings per share. On average, analysts anticipate that W.W. Grainger, Inc. will post 38.69 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Monday, August 12th were paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Monday, August 12th. W.W. Grainger’s dividend payout ratio is currently 22.50%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Baird R W raised shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. 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 target price on the stock. Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a research note on Sunday, September 22nd. Robert W. Baird raised shares of W.W. Grainger from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $975.00 to $1,230.00 in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $1,043.20.

Insider Activity

In related news, CEO Donald G. Macpherson sold 12,992 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 98,567 shares of the company’s stock, valued at $102,281,004.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Donald G. Macpherson sold 12,992 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the completion of the sale, the chief executive officer now directly owns 98,567 shares of the company’s stock, valued at $102,281,004.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the transaction, the chief executive officer now owns 111,559 shares in the company, valued at approximately $111,650,478.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.50% of the stock is owned by company insiders.

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.