Callan Capital LLC Buys 34 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Callan Capital LLC lifted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 767 shares of the industrial products company’s stock after purchasing an additional 34 shares during the quarter. Callan Capital LLC’s holdings in W.W. Grainger were worth $636,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. boosted its position in W.W. Grainger by 6.9% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 3,160 shares of the industrial products company’s stock worth $2,187,000 after buying an additional 205 shares during the period. Ardevora Asset Management LLP acquired a new position in shares of W.W. Grainger in the 4th quarter worth approximately $11,075,000. Sigma Planning Corp lifted its position in shares of W.W. Grainger by 23.4% in the 3rd quarter. Sigma Planning Corp now owns 633 shares of the industrial products company’s stock worth $438,000 after purchasing an additional 120 shares during the period. US Bancorp DE lifted its position in shares of W.W. Grainger by 11.3% in the 3rd quarter. US Bancorp DE now owns 71,748 shares of the industrial products company’s stock worth $49,638,000 after purchasing an additional 7,273 shares during the period. Finally, Raymond James & Associates lifted its position in shares of W.W. Grainger by 12.1% in the 4th quarter. Raymond James & Associates now owns 82,038 shares of the industrial products company’s stock worth $67,984,000 after purchasing an additional 8,865 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Paige K. Robbins sold 3,813 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $968.88, for a total value of $3,694,339.44. Following the completion of the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at approximately $4,756,231.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other W.W. Grainger news, VP Paige K. Robbins sold 3,122 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total value of $2,966,586.84. Following the completion of the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at approximately $4,664,629.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Paige K. Robbins sold 3,813 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the completion of the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,756,231.92. The disclosure for this sale can be found here. 9.50% of the stock is owned by insiders.

W.W. Grainger Stock Performance

GWW traded down $19.19 during trading on Friday, hitting $928.65. 357,375 shares of the company traded hands, compared to its average volume of 235,833. The firm has a market cap of $45.62 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 1.88 and a beta of 1.14. The stock’s fifty day moving average is $979.95 and its 200 day moving average is $873.99. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.66. W.W. Grainger, Inc. has a one year low of $641.95 and a one year high of $1,034.18.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share for the quarter, beating the consensus estimate of $9.57 by $0.05. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. W.W. Grainger had a net margin of 11.10% and a return on equity of 56.54%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.61 earnings per share. As a group, equities analysts predict that W.W. Grainger, Inc. will post 39.26 EPS for the current fiscal year.

W.W. Grainger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Monday, May 13th will be issued a $2.05 dividend. The ex-dividend date is Friday, May 10th. This is an increase from W.W. Grainger’s previous quarterly dividend of $1.86. This represents a $8.20 annualized dividend and a yield of 0.88%. W.W. Grainger’s dividend payout ratio (DPR) is 20.55%.

Analysts Set New Price Targets

GWW has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. StockNews.com upgraded shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Saturday, March 16th. Royal Bank of Canada boosted their target price on shares of W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a research report on Monday, February 5th. UBS Group boosted their target price on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Finally, Loop Capital downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating and boosted their target price for the company from $925.00 to $1,000.00 in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $913.89.

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.