Keystone Financial Planning Inc. Sells 3,448 Shares of W W Grainger Inc (NYSE:GWW)

Keystone Financial Planning Inc. lowered its stake in W W Grainger Inc (NYSE:GWW) by 11.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,608 shares of the industrial products company’s stock after selling 3,448 shares during the period. W W Grainger makes up approximately 3.2% of Keystone Financial Planning Inc.’s holdings, making the stock its 17th biggest position. Keystone Financial Planning Inc.’s holdings in W W Grainger were worth $6,050,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Thrivent Financial For Lutherans increased its stake in shares of W W Grainger by 1.5% in the second quarter. Thrivent Financial For Lutherans now owns 2,050 shares of the industrial products company’s stock worth $370,000 after purchasing an additional 30 shares during the period. Sentry Investment Management LLC increased its stake in shares of W W Grainger by 3.3% in the second quarter. Sentry Investment Management LLC now owns 3,280 shares of the industrial products company’s stock worth $592,000 after purchasing an additional 104 shares during the period. Cibc Bank USA increased its stake in shares of W W Grainger by 4.2% in the fourth quarter. Cibc Bank USA now owns 6,085 shares of the industrial products company’s stock worth $1,438,000 after purchasing an additional 245 shares during the period. Carroll Financial Associates Inc. increased its stake in shares of W W Grainger by 19.1% in the fourth quarter. Carroll Financial Associates Inc. now owns 1,682 shares of the industrial products company’s stock worth $397,000 after purchasing an additional 270 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of W W Grainger by 7.0% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,270 shares of the industrial products company’s stock worth $768,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 85.84% of the company’s stock.

Several brokerages recently issued reports on GWW. Robert W. Baird upgraded W W Grainger from a “neutral” rating to a “buy” rating in a research note on Thursday, January 25th. Credit Suisse Group boosted their price target on W W Grainger from $190.00 to $240.00 and gave the company an “underperform” rating in a research note on Thursday, January 25th. Oppenheimer restated a “buy” rating and set a $245.00 price target on shares of W W Grainger in a research note on Monday, November 13th. Zacks Investment Research upgraded W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 price target on the stock in a research note on Tuesday, January 30th. Finally, Stephens reiterated a “hold” rating and issued a $264.00 price objective on shares of W W Grainger in a research note on Thursday, January 25th. Six analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $234.38.

In other W W Grainger news, VP Laura D. Brown sold 9,158 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $232.86, for a total transaction of $2,132,531.88. Following the completion of the sale, the vice president now owns 16,893 shares in the company, valued at approximately $3,933,703.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,258 shares of company stock worth $6,790,898. Company insiders own 9.60% of the company’s stock.

Shares of W W Grainger Inc (GWW) traded down $2.88 on Friday, hitting $266.68. The stock had a trading volume of 507,062 shares, compared to its average volume of 1,489,517. The firm has a market cap of $15,184.01, a P/E ratio of 26.61, a P/E/G ratio of 2.01 and a beta of 0.88. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 1.23. W W Grainger Inc has a fifty-two week low of $155.00 and a fifty-two week high of $298.14.

W W Grainger (NYSE:GWW) last posted its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.76. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the business earned $2.45 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. sell-side analysts anticipate that W W Grainger Inc will post 13.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, February 9th. W W Grainger’s dividend payout ratio is 51.10%.

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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.

Institutional Ownership by Quarter for W W Grainger (NYSE:GWW)

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