Donald G. Macpherson Sells 27,502 Shares of W.W. Grainger, Inc. (NYSE:GWW) Stock

by · The Markets Daily

W.W. Grainger, Inc. (NYSE:GWW – Get Free Report) CEO Donald G. Macpherson sold 27,502 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the completion of the sale, the chief executive officer now directly owns 111,559 shares in the company, valued at $111,650,478.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

W.W. Grainger Trading Up 1.7 %

Shares of NYSE GWW opened at $1,030.10 on Friday. W.W. Grainger, Inc. has a 1 year low of $674.41 and a 1 year high of $1,034.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.30 and a quick ratio of 1.40. The firm has a 50-day moving average of $965.43 and a 200 day moving average of $955.58. The stock has a market cap of $50.55 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 1.96 and a beta of 1.16.

W.W. Grainger (NYSE:GWW – Get Free Report) last released its earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.58 by $0.18. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.35 billion. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $9.28 earnings per share. As a group, sell-side analysts expect that W.W. Grainger, Inc. will post 38.75 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Monday, August 12th were paid a $2.05 dividend. The ex-dividend date was Monday, August 12th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.80%. W.W. Grainger’s dividend payout ratio is currently 22.64%.

Hedge Funds Weigh In On W.W. Grainger

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in W.W. Grainger by 5.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the industrial products company’s stock valued at $168,000 after purchasing an additional 11 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of W.W. Grainger by 10.0% in the first quarter. Hexagon Capital Partners LLC now owns 121 shares of the industrial products company’s stock worth $124,000 after buying an additional 11 shares in the last quarter. Optas LLC grew its holdings in shares of W.W. Grainger by 0.8% during the second quarter. Optas LLC now owns 1,353 shares of the industrial products company’s stock valued at $1,221,000 after buying an additional 11 shares during the last quarter. Aaron Wealth Advisors LLC increased its position in shares of W.W. Grainger by 2.7% during the first quarter. Aaron Wealth Advisors LLC now owns 463 shares of the industrial products company’s stock valued at $471,000 after acquiring an additional 12 shares in the last quarter. Finally, Copperwynd Financial LLC increased its position in shares of W.W. Grainger by 3.6% during the fourth quarter. Copperwynd Financial LLC now owns 347 shares of the industrial products company’s stock valued at $288,000 after acquiring an additional 12 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on GWW shares. Erste Group Bank reiterated a “hold” rating on shares of W.W. Grainger in a report on Friday, June 14th. JPMorgan Chase & Co. lifted 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 report on Friday, August 2nd. Morgan Stanley began coverage on shares of W.W. Grainger in a report on Friday, September 6th. They issued an “equal weight” rating and a $990.00 price objective for the company. Baird R W lowered shares of W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Finally, StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $1,014.11.

Get Our Latest Analysis on W.W. Grainger

W.W. Grainger Company Profile

(Get 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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