SeaCrest Wealth Management LLC Has $1.30 Million Position in W.W. Grainger, Inc. (NYSE:GWW)

SeaCrest Wealth Management LLC decreased its stake in W.W. Grainger, Inc. (NYSE:GWW) by 6.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,591 shares of the industrial products company’s stock after selling 101 shares during the period. SeaCrest Wealth Management LLC’s holdings in W.W. Grainger were worth $1,303,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Atria Wealth Solutions Inc. grew its holdings 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 acquiring an additional 205 shares during the period. Sigma Planning Corp boosted its position in shares of W.W. Grainger by 23.4% during the 3rd quarter. Sigma Planning Corp now owns 633 shares of the industrial products company’s stock valued at $438,000 after purchasing an additional 120 shares in the last quarter. US Bancorp DE grew its position in shares of W.W. Grainger by 11.3% during the 3rd quarter. US Bancorp DE now owns 71,748 shares of the industrial products company’s stock worth $49,638,000 after buying an additional 7,273 shares during the period. Raymond James & Associates grew its holdings in W.W. Grainger by 12.1% in the fourth 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. Finally, BKM Wealth Management LLC acquired a new stake in shares of W.W. Grainger in the 4th quarter valued at about $915,000. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Stock Performance

Shares of GWW traded down $2.87 during mid-day trading on Thursday, hitting $1,017.30. 164,984 shares of the company traded hands, compared to its average volume of 238,109. W.W. Grainger, Inc. has a 1 year low of $625.97 and a 1 year high of $1,034.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.64 and a current ratio of 2.88. The stock has a 50-day moving average price of $953.67 and a two-hundred day moving average price of $831.79. The stock has a market cap of $49.98 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.97 and a beta of 1.14.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, beating the consensus estimate of $8.05 by $0.28. W.W. Grainger had a net margin of 11.10% and a return on equity of 56.54%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the prior year, the firm earned $7.14 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts anticipate that W.W. Grainger, Inc. will post 39.26 earnings per share for the current year.

W.W. Grainger Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 12th were paid a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, February 9th. W.W. Grainger’s payout ratio is 20.55%.

Insider Buying and Selling at W.W. Grainger

In related news, VP Paige K. Robbins sold 3,122 shares of the company’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 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 Securities & Exchange Commission, which is available at this link. In related news, VP Paige K. Robbins sold 3,122 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $950.22, for a total value of $2,966,586.84. Following the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at approximately $4,664,629.98. The transaction 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 company’s stock in a transaction that occurred on Thursday, February 29th. The stock was 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 owns 4,909 shares of the company’s stock, valued at $4,756,231.92. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GWW shares. Stephens raised their target price on W.W. Grainger from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Oppenheimer raised their price target on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Loop Capital lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating and increased their target price for the stock from $925.00 to $1,000.00 in a research report on Tuesday, February 20th. UBS Group increased their price objective on W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Finally, Royal Bank of Canada raised their price target on shares of W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $913.89.

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.