W.W. Grainger, Inc. (NYSE:GWW) Position Increased by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC raised its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,152 shares of the industrial products company’s stock after buying an additional 12 shares during the period. W.W. Grainger accounts for approximately 1.7% of Terra Nova Asset Management LLC’s portfolio, making the stock its 27th biggest holding. Terra Nova Asset Management LLC’s holdings in W.W. Grainger were worth $2,268,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GWW. HWG Holdings LP bought a new position in W.W. Grainger during the second quarter valued at about $26,000. GHP Investment Advisors Inc. raised its holdings in W.W. Grainger by 250.0% during the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock valued at $29,000 after buying an additional 20 shares in the last quarter. Larson Financial Group LLC raised its holdings in W.W. Grainger by 111.1% during the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock valued at $40,000 after buying an additional 20 shares in the last quarter. Fortitude Family Office LLC raised its holdings in W.W. Grainger by 38.9% during the third quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company’s stock valued at $52,000 after buying an additional 14 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in W.W. Grainger during the third quarter valued at about $75,000. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Stock Up 0.2 %

GWW stock opened at $1,113.05 on Monday. W.W. Grainger, Inc. has a twelve month low of $855.01 and a twelve month high of $1,227.66. The company has a market cap of $54.21 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. The business’s 50-day simple moving average is $1,133.37 and its 200 day simple moving average is $1,052.65. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59.

W.W. Grainger (NYSE:GWW) last released its earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share for the quarter, missing analysts’ consensus estimates of $9.98 by ($0.11). W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same period last year, the business earned $9.43 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, research analysts anticipate that W.W. Grainger, Inc. will post 38.97 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Monday, November 11th were given a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, November 8th. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.23%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Loop Capital raised their target price on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a report on Monday, October 21st. Robert W. Baird upgraded W.W. Grainger from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $975.00 to $1,230.00 in a research note on Wednesday, October 16th. Morgan Stanley lifted their price objective on W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 19th. UBS Group began coverage on W.W. Grainger in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price objective on the stock. Finally, Oppenheimer lowered W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $1,140.56.

Insider Buying and Selling

In other W.W. Grainger news, VP Paige K. Robbins sold 9,577 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the sale, the vice president now directly owns 4,379 shares of the company’s stock, valued at approximately $4,895,021.36. The trade was a 68.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Laurie R. Thomson sold 125 shares of W.W. Grainger stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total value of $150,753.75. Following the sale, the vice president now directly owns 675 shares in the company, valued at $814,070.25. The trade was a 15.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,406 shares of company stock valued at $11,634,643 over the last three months. 9.50% of the stock is owned by corporate insiders.

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.