Vivid Wealth Management LLC Raises Stake in W.W. Grainger, Inc. (NYSE:GWW)

by · The Markets Daily

Vivid Wealth Management LLC grew its stake in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 9.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,177 shares of the industrial products company’s stock after acquiring an additional 180 shares during the quarter. Vivid Wealth Management LLC’s holdings in W.W. Grainger were worth $2,262,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Hexagon Capital Partners LLC increased its stake in W.W. Grainger by 10.0% during the first quarter. Hexagon Capital Partners LLC now owns 121 shares of the industrial products company’s stock worth $124,000 after acquiring an additional 11 shares during the last quarter. Optas LLC increased its position in shares of W.W. Grainger by 0.8% during the 2nd quarter. Optas LLC now owns 1,353 shares of the industrial products company’s stock worth $1,221,000 after purchasing an additional 11 shares during the last quarter. CX Institutional raised its holdings in W.W. Grainger by 0.9% in the 3rd quarter. CX Institutional now owns 1,191 shares of the industrial products company’s stock valued at $1,237,000 after buying an additional 11 shares during the period. Sage Mountain Advisors LLC lifted its position in W.W. Grainger by 4.4% in the second quarter. Sage Mountain Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $256,000 after buying an additional 12 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its stake in W.W. Grainger by 2.7% during the second quarter. Ritholtz Wealth Management now owns 463 shares of the industrial products company’s stock worth $418,000 after buying an additional 12 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Up 0.5 %

Shares of W.W. Grainger stock traded up $5.56 on Monday, reaching $1,096.50. 33,342 shares of the company were exchanged, compared to its average volume of 232,883. The stock’s 50 day moving average price is $1,022.51 and its 200-day moving average price is $966.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.30 and a quick ratio of 1.40. W.W. Grainger, Inc. has a 1-year low of $710.24 and a 1-year high of $1,129.92. The company has a market cap of $53.80 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 3.07 and a beta of 1.16.

W.W. Grainger (NYSE:GWW – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, topping the consensus estimate of $9.58 by $0.18. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the business posted $9.28 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. As a group, equities analysts forecast that W.W. Grainger, Inc. will post 38.69 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Monday, August 12th were issued a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Monday, August 12th. W.W. Grainger’s dividend payout ratio (DPR) is 22.64%.

Insider Transactions at W.W. Grainger

In related news, CEO Donald G. Macpherson sold 12,992 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the completion of the sale, the chief executive officer now owns 98,567 shares in the company, valued at $102,281,004.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,992 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the transaction, the chief executive officer now directly owns 98,567 shares in the company, valued at $102,281,004.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Donald G. Macpherson sold 27,502 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total transaction of $27,524,551.64. Following the sale, the chief executive officer now directly owns 111,559 shares in the company, valued at approximately $111,650,478.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.

Wall Street Analysts Forecast Growth

GWW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Royal Bank of Canada cut their target price on W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Oppenheimer lowered W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Morgan Stanley assumed coverage on W.W. Grainger in a report on Friday, September 6th. They issued an “equal weight” rating and a $990.00 price objective on the stock. Finally, Baird R W upgraded W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $1,043.20.

Check Out Our Latest Report on GWW

About W.W. Grainger

(Free Report)

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.

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