DE Burlo Group Inc. Has $5.19 Million Stock Holdings in W.W. Grainger, Inc. (NYSE:GWW)

DE Burlo Group Inc. lowered its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 20.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 5,000 shares of the industrial products company’s stock after selling 1,300 shares during the period. DE Burlo Group Inc.’s holdings in W.W. Grainger were worth $5,194,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in W.W. Grainger by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 360,026 shares of the industrial products company’s stock valued at $324,841,000 after purchasing an additional 17,699 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in W.W. Grainger by 4.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 324,367 shares of the industrial products company’s stock valued at $336,956,000 after purchasing an additional 12,805 shares during the last quarter. Hsbc Holdings PLC boosted its stake in W.W. Grainger by 0.8% during the 2nd quarter. Hsbc Holdings PLC now owns 243,470 shares of the industrial products company’s stock valued at $219,386,000 after purchasing an additional 1,849 shares during the last quarter. Swedbank AB boosted its stake in W.W. Grainger by 23.5% during the 3rd quarter. Swedbank AB now owns 193,888 shares of the industrial products company’s stock valued at $201,413,000 after purchasing an additional 36,892 shares during the last quarter. Finally, abrdn plc boosted its stake in W.W. Grainger by 2.4% during the 3rd quarter. abrdn plc now owns 171,576 shares of the industrial products company’s stock valued at $178,172,000 after purchasing an additional 4,014 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insider Activity at W.W. Grainger

In other news, VP Laurie R. Thomson sold 125 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the completion of the transaction, the vice president now directly owns 675 shares in the company, valued at $814,070.25. The trade was a 15.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Paige K. Robbins sold 9,577 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the transaction, 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 ninety days, insiders sold 50,900 shares of company stock worth $52,640,733. Corporate insiders own 9.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GWW. Robert W. Baird upgraded W.W. Grainger from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $975.00 to $1,230.00 in a research note on Wednesday, October 16th. Royal Bank of Canada lifted their target price 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 report on Friday, November 1st. StockNews.com raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Northcoast Research started coverage on shares of W.W. Grainger in a research report on Tuesday, October 29th. They set a “neutral” rating on the stock. Finally, Wolfe Research raised shares of W.W. Grainger to a “hold” rating in a research report on Sunday, September 22nd. One research analyst has rated the stock with a sell rating, ten have given 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 company currently has a consensus rating of “Hold” and a consensus price target of $1,109.00.

W.W. Grainger Trading Up 0.5 %

NYSE:GWW opened at $1,178.45 on Thursday. W.W. Grainger, Inc. has a 12 month low of $772.13 and a 12 month high of $1,227.66. The stock has a market capitalization of $57.39 billion, a PE ratio of 31.94, a price-to-earnings-growth ratio of 3.24 and a beta of 1.15. 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 firm’s 50 day moving average is $1,090.24 and its 200 day moving average is $993.70.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $9.87 earnings per share 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 during the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter in the prior year, the firm posted $9.43 earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Sell-side analysts expect that W.W. Grainger, Inc. will post 38.92 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Monday, November 11th will be paid a $2.05 dividend. The ex-dividend date is Friday, November 8th. This represents a $8.20 dividend on an annualized basis and a yield of 0.70%. W.W. Grainger’s dividend payout ratio is 22.23%.

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.