Teamwork Financial Advisors LLC Sells 12,513 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Teamwork Financial Advisors LLC decreased its stake in W.W. Grainger, Inc. (NYSE:GWW) by 92.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,058 shares of the industrial products company’s stock after selling 12,513 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in W.W. Grainger were worth $1,046,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Peak Financial Advisors LLC purchased a new stake in W.W. Grainger in the 1st quarter worth approximately $2,962,000. Unigestion Holding SA boosted its position in shares of W.W. Grainger by 1,743.8% in the first quarter. Unigestion Holding SA now owns 15,359 shares of the industrial products company’s stock worth $15,154,000 after purchasing an additional 14,526 shares during the period. Spring Capital Management LLC boosted its position in shares of W.W. Grainger by 2.6% in the first quarter. Spring Capital Management LLC now owns 8,245 shares of the industrial products company’s stock worth $8,145,000 after purchasing an additional 211 shares during the period. Merit Financial Group LLC increased its stake in shares of W.W. Grainger by 124.3% in the first quarter. Merit Financial Group LLC now owns 848 shares of the industrial products company’s stock worth $838,000 after purchasing an additional 470 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of W.W. Grainger in the first quarter worth $454,000. Institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. 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 research report on Thursday, April 3rd. Royal Bank of Canada increased their target price 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of W.W. Grainger from $1,100.00 to $1,125.00 and gave the company a “neutral” rating in a research report on Tuesday, May 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1,123.13.

Insider Activity

In other W.W. Grainger news, CFO Deidra C. Merriwether sold 1,164 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $997.12, for a total value of $1,160,647.68. Following the completion of the sale, the chief financial officer now owns 10,235 shares of the company’s stock, valued at approximately $10,205,523.20. This trade represents a 10.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Laurie R. Thomson sold 761 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $1,042.86, for a total transaction of $793,616.46. Following the completion of the sale, the vice president now owns 578 shares of the company’s stock, valued at $602,773.08. This trade represents a 56.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,205 shares of company stock worth $2,255,320. 6.10% of the stock is currently owned by company insiders.

W.W. Grainger Trading Up 1.3%

GWW stock opened at $1,088.75 on Wednesday. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66. The firm’s 50-day moving average is $1,026.11 and its 200 day moving average is $1,058.22. The company has a market capitalization of $52.30 billion, a PE ratio of 28.13, a P/E/G ratio of 2.70 and a beta of 1.24. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.49 and a quick ratio of 1.49.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Thursday, May 1st. The industrial products company reported $9.86 earnings per share for the quarter, beating 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 analyst estimates of $4.31 billion. During the same period in the previous year, the company posted $9.62 EPS. W.W. Grainger’s revenue was up 1.7% on a year-over-year basis. On average, research analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Monday, May 12th were given a dividend of $2.26 per share. This represents a $9.04 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Monday, May 12th. This is a boost from W.W. Grainger’s previous quarterly dividend of $2.05. W.W. Grainger’s dividend payout ratio (DPR) is 23.21%.

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.