Unique Wealth LLC Purchases 146 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Unique Wealth LLC raised its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 9.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,647 shares of the industrial products company’s stock after purchasing an additional 146 shares during the period. Unique Wealth LLC’s holdings in W.W. Grainger were worth $1,736,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Private Advisor Group LLC boosted its position in W.W. Grainger by 10.8% during the 2nd quarter. Private Advisor Group LLC now owns 1,354 shares of the industrial products company’s stock valued at $1,222,000 after acquiring an additional 132 shares in the last quarter. American Century Companies Inc. grew its stake in W.W. Grainger by 56.4% in the second quarter. American Century Companies Inc. now owns 76,246 shares of the industrial products company’s stock valued at $68,792,000 after purchasing an additional 27,480 shares during the last quarter. Federated Hermes Inc. raised its holdings in W.W. Grainger by 5.2% in the second quarter. Federated Hermes Inc. now owns 10,614 shares of the industrial products company’s stock worth $9,576,000 after purchasing an additional 523 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of W.W. Grainger by 16.8% during the second quarter. Parallel Advisors LLC now owns 1,267 shares of the industrial products company’s stock valued at $1,143,000 after buying an additional 182 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of W.W. Grainger by 4.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,515 shares of the industrial products company’s stock valued at $4,074,000 after buying an additional 206 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Insider Buying and Selling

In related news, CFO Deidra C. Merriwether sold 704 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $1,105.59, for a total value of $778,335.36. Following the completion of the transaction, the chief financial officer now directly owns 9,509 shares of the company’s stock, valued at approximately $10,513,055.31. This represents a 6.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paige K. Robbins sold 9,577 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the sale, the vice president now directly owns 4,379 shares of the company’s stock, valued at $4,895,021.36. The trade was a 68.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,406 shares of company stock valued at $11,634,643. 9.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GWW has been the subject of a number of analyst reports. Loop Capital increased their target price on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Royal Bank of Canada boosted their target price on W.W. Grainger from $1,018.00 to $1,125.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. Baird R W upgraded W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. UBS Group initiated coverage on W.W. Grainger in a research note on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price target on the stock. Finally, Morgan Stanley lifted their target price on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 19th. One equities research 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1,140.56.

W.W. Grainger Trading Up 2.2 %

Shares of NYSE:GWW opened at $1,075.64 on Tuesday. The company has a market capitalization of $52.38 billion, a PE ratio of 29.16, a PEG ratio of 3.15 and a beta of 1.18. W.W. Grainger, Inc. has a 12-month low of $833.50 and a 12-month high of $1,227.66. The business has a 50 day moving average of $1,139.49 and a two-hundred day moving average of $1,047.21. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59.

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). The firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $9.43 earnings per share. As a group, analysts forecast that W.W. Grainger, Inc. will post 38.94 EPS for the current year.

W.W. Grainger Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 11th were issued a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Friday, November 8th. W.W. Grainger’s payout ratio is currently 22.23%.

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.