Keystone Financial Planning Inc. purchased a new stake in W.W. Grainger, Inc. (NYSE:GWW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,056 shares of the industrial products company’s stock, valued at approximately $5,223,000. W.W. Grainger makes up about 3.0% of Keystone Financial Planning Inc.’s portfolio, making the stock its 18th biggest position. Keystone Financial Planning Inc. owned approximately 0.05% of W.W. Grainger as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently modified their holdings of the stock. Macquarie Group Ltd. lifted its position in shares of W.W. Grainger by 224.1% in the 3rd quarter. Macquarie Group Ltd. now owns 9,400 shares of the industrial products company’s stock valued at $1,689,000 after acquiring an additional 6,500 shares in the last quarter. Novare Capital Management LLC acquired a new position in W.W. Grainger in the 3rd quarter valued at approximately $557,000. Ameriprise Financial Inc. increased its stake in W.W. Grainger by 224.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,225,728 shares of the industrial products company’s stock valued at $220,325,000 after buying an additional 848,192 shares during the period. SG Americas Securities LLC increased its stake in W.W. Grainger by 48.3% in the 3rd quarter. SG Americas Securities LLC now owns 4,226 shares of the industrial products company’s stock valued at $760,000 after buying an additional 1,376 shares during the period. Finally, Marble Harbor Investment Counsel LLC acquired a new position in W.W. Grainger in the 3rd quarter valued at approximately $288,000. Institutional investors and hedge funds own 85.21% of the company’s stock.
W.W. Grainger, Inc. (NYSE GWW) opened at $227.50 on Tuesday. W.W. Grainger, Inc. has a 12 month low of $155.00 and a 12 month high of $262.71. The company has a market cap of $12,435.44, a price-to-earnings ratio of 19.89, a PEG ratio of 2.10 and a beta of 0.82. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.28 and a current ratio of 2.28.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.56 by $0.34. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.65 billion. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. W.W. Grainger’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.06 EPS. research analysts forecast that W.W. Grainger, Inc. will post 10.71 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Friday, November 10th. W.W. Grainger’s dividend payout ratio is currently 60.95%.
In related news, VP John L. Howard sold 21,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $220.56, for a total transaction of $4,631,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Eric R. Tapia sold 190 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $208.26, for a total transaction of $39,569.40. Following the sale, the vice president now directly owns 3,748 shares of the company’s stock, valued at $780,558.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,536 shares of company stock valued at $4,741,329. 9.60% of the stock is owned by insiders.
Several research firms have weighed in on GWW. KeyCorp reiterated a “sector weight” rating on shares of W.W. Grainger in a research note on Monday, August 21st. Royal Bank Of Canada upped their price objective on shares of W.W. Grainger from $145.00 to $146.00 and gave the company an “underperform” rating in a research note on Wednesday, October 18th. UBS lowered shares of W.W. Grainger from a “neutral” rating to a “sell” rating and upped their price objective for the company from $170.00 to $195.00 in a research note on Thursday, October 19th. Morgan Stanley reiterated an “underweight” rating and issued a $178.00 price objective (up previously from $172.00) on shares of W.W. Grainger in a research note on Monday, October 2nd. Finally, Credit Suisse Group set a $172.00 price objective on shares of W.W. Grainger and gave the company a “sell” rating in a research note on Wednesday, October 18th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. W.W. Grainger presently has an average rating of “Hold” and a consensus price target of $191.23.
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About W.W. Grainger
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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