W.W. Grainger, Inc. (NYSE:GWW) Stock Holdings Lowered by Revisor Wealth Management LLC

Revisor Wealth Management LLC trimmed its position in W.W. Grainger, Inc. (NYSE:GWW) by 27.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 298 shares of the industrial products company’s stock after selling 115 shares during the quarter. Revisor Wealth Management LLC’s holdings in W.W. Grainger were worth $313,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Busey Bank raised its stake in shares of W.W. Grainger by 1.5% during the 4th quarter. Busey Bank now owns 615 shares of the industrial products company’s stock worth $648,000 after purchasing an additional 9 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in W.W. Grainger by 2.1% in the 4th quarter. Angeles Wealth Management LLC now owns 438 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 9 shares during the period. Iron Horse Wealth Management LLC lifted its stake in shares of W.W. Grainger by 43.5% in the fourth quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company’s stock valued at $35,000 after buying an additional 10 shares during the period. Welch & Forbes LLC lifted its position in shares of W.W. Grainger by 2.1% in the 4th quarter. Welch & Forbes LLC now owns 481 shares of the industrial products company’s stock worth $507,000 after acquiring an additional 10 shares during the period. Finally, United Community Bank lifted its position in W.W. Grainger by 6.9% in the fourth quarter. United Community Bank now owns 155 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

Shares of GWW opened at $1,072.20 on Friday. The firm’s 50 day moving average price is $1,012.31 and its two-hundred day moving average price is $1,064.69. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49. W.W. Grainger, Inc. has a twelve month low of $874.98 and a twelve month high of $1,227.66. The firm has a market cap of $51.51 billion, a P/E ratio of 27.70, a PEG ratio of 2.70 and a beta of 1.24.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $9.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.51 by $0.35. W.W. Grainger had a return on equity of 52.43% and a net margin of 11.12%. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same period last year, the company earned $9.62 earnings per share. W.W. Grainger’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Monday, May 12th will be given a dividend of $2.26 per share. This is a positive change from W.W. Grainger’s previous quarterly dividend of $2.05. The ex-dividend date of this dividend is Monday, May 12th. This represents a $9.04 annualized dividend and a dividend yield of 0.84%. W.W. Grainger’s payout ratio is 23.21%.

Insiders Place Their Bets

In related news, VP Laurie R. Thomson sold 761 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $1,042.86, for a total value of $793,616.46. Following the sale, the vice president now owns 578 shares in the company, valued at approximately $602,773.08. This represents a 56.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Deidra C. Merriwether sold 1,164 shares of W.W. Grainger stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $997.12, for a total transaction of $1,160,647.68. Following the sale, the chief financial officer now directly owns 10,235 shares of the company’s stock, valued at $10,205,523.20. The trade was a 10.21% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on GWW. William Blair upgraded shares of W.W. Grainger from a “market perform” rating to an “outperform” rating in a research note on Monday, March 10th. Wolfe Research downgraded W.W. Grainger from a “peer perform” rating to an “underperform” rating and set a $966.00 price objective on the stock. in a report on Thursday, April 3rd. JPMorgan Chase & Co. reduced their target price on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, Royal Bank of Canada raised their price target on W.W. Grainger from $1,097.00 to $1,144.00 and gave the stock a “sector perform” rating in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $1,120.00.

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.