HBK Sorce Advisory LLC Has $1.73 Million Stake in W.W. Grainger, Inc. $GWW

HBK Sorce Advisory LLC decreased its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 2.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,658 shares of the industrial products company’s stock after selling 43 shares during the period. HBK Sorce Advisory LLC’s holdings in W.W. Grainger were worth $1,725,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Checchi Capital Advisers LLC increased its holdings in shares of W.W. Grainger by 2.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company’s stock valued at $480,000 after acquiring an additional 10 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in shares of W.W. Grainger by 3.2% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company’s stock valued at $319,000 after acquiring an additional 10 shares during the last quarter. Hemington Wealth Management increased its holdings in shares of W.W. Grainger by 0.9% during the 1st quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company’s stock valued at $1,125,000 after acquiring an additional 10 shares during the last quarter. Grove Bank & Trust increased its holdings in shares of W.W. Grainger by 52.6% during the 2nd quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 10 shares during the last quarter. Finally, Ridgewood Investments LLC increased its holdings in shares of W.W. Grainger by 50.0% during the 2nd quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insider Activity

In other news, SVP Jonny M. Leroy sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $992.86, for a total transaction of $496,430.00. Following the completion of the transaction, the senior vice president directly owned 1,771 shares of the company’s stock, valued at approximately $1,758,355.06. This trade represents a 22.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.10% of the company’s stock.

W.W. Grainger Price Performance

Shares of GWW stock opened at $955.30 on Friday. The stock has a 50 day moving average of $980.18 and a two-hundred day moving average of $1,016.03. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. W.W. Grainger, Inc. has a 12 month low of $893.99 and a 12 month high of $1,227.66. The company has a market capitalization of $45.69 billion, a P/E ratio of 24.24, a P/E/G ratio of 2.79 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.07 by ($0.10). The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.76 earnings per share. As a group, equities analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 10th will be issued a $2.26 dividend. This represents a $9.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 10th. W.W. Grainger’s payout ratio is 22.94%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley decreased their target price on W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating for the company in a research note on Friday, July 11th. Weiss Ratings restated a “buy (b-)” rating on shares of W.W. Grainger in a research note on Thursday. Loop Capital decreased their target price on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a research note on Monday, August 4th. Barclays assumed coverage on W.W. Grainger in a research note on Wednesday, October 8th. They set an “underweight” rating and a $963.00 target price for the company. Finally, Royal Bank Of Canada decreased their target price on W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating for the company in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,053.71.

About W.W. Grainger

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.