Keudell Morrison Wealth Management Reduces Stock Position in W.W. Grainger, Inc. (NYSE:GWW)

Keudell Morrison Wealth Management reduced its position in W.W. Grainger, Inc. (NYSE:GWW) by 7.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 263 shares of the industrial products company’s stock after selling 22 shares during the quarter. Keudell Morrison Wealth Management’s holdings in W.W. Grainger were worth $273,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GWW. HWG Holdings LP bought a new position in W.W. Grainger in the 2nd quarter worth about $26,000. GHP Investment Advisors Inc. grew its stake in W.W. Grainger by 250.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock worth $29,000 after buying an additional 20 shares in the last quarter. Washington Trust Advisors Inc. increased its holdings in shares of W.W. Grainger by 225.0% in the 1st quarter. Washington Trust Advisors Inc. now owns 39 shares of the industrial products company’s stock worth $39,000 after buying an additional 27 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of W.W. Grainger in the 1st quarter worth $41,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of W.W. Grainger during the 2nd quarter valued at $42,000. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Trading Down 0.3 %

Shares of GWW stock traded down $3.21 during mid-day trading on Thursday, reaching $1,191.75. The stock had a trading volume of 17,371 shares, compared to its average volume of 234,060. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. The stock’s 50-day moving average price is $1,045.74 and its two-hundred day moving average price is $975.98. The firm has a market capitalization of $58.04 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 3.03 and a beta of 1.15. W.W. Grainger, Inc. has a 52-week low of $772.13 and a 52-week high of $1,199.00.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share (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 business had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter in the prior year, the firm earned $9.43 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts expect that W.W. Grainger, Inc. will post 38.87 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Monday, November 11th will be paid a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Friday, November 8th. W.W. Grainger’s payout ratio is 22.23%.

Insider Activity

In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 111,559 shares in the company, valued at $111,650,478.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Donald G. Macpherson sold 12,992 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the completion of the transaction, the chief executive officer now directly owns 98,567 shares in the company, valued at $102,281,004.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Donald G. Macpherson sold 27,502 shares of W.W. Grainger stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,000.82, for a total transaction of $27,524,551.64. Following the transaction, the chief executive officer now directly owns 111,559 shares of the company’s stock, 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. In the last 90 days, insiders have sold 41,198 shares of company stock valued at $41,784,426. Corporate insiders own 9.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GWW. Morgan Stanley started coverage on shares of W.W. Grainger in a research report on Friday, September 6th. They issued an “equal weight” rating and a $990.00 target price for the company. Wolfe Research upgraded W.W. Grainger to a “hold” rating in a research report on Sunday, September 22nd. StockNews.com upgraded W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Monday. Bank of America started coverage on shares of 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. Finally, Northcoast Research initiated coverage on shares of W.W. Grainger in a research note on Tuesday, October 29th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $1,058.50.

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.