Signaturefd LLC Has $1.02 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Signaturefd LLC lifted its stake in W.W. Grainger, Inc. (NYSE:GWW) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,227 shares of the industrial products company’s stock after buying an additional 34 shares during the period. Signaturefd LLC’s holdings in W.W. Grainger were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its position in shares of W.W. Grainger by 57.3% during the 4th quarter. Lindbrook Capital LLC now owns 140 shares of the industrial products company’s stock valued at $116,000 after acquiring an additional 51 shares during the period. abrdn plc grew its stake in W.W. Grainger by 3.9% during the fourth quarter. abrdn plc now owns 160,822 shares of the industrial products company’s stock worth $133,272,000 after buying an additional 6,016 shares in the last quarter. Greenleaf Trust grew its stake in W.W. Grainger by 5.2% during the fourth quarter. Greenleaf Trust now owns 1,413 shares of the industrial products company’s stock worth $1,171,000 after buying an additional 70 shares in the last quarter. Naples Money Management LLC bought a new position in W.W. Grainger in the 4th quarter valued at about $182,000. Finally, Fidelis Capital Partners LLC lifted its holdings in shares of W.W. Grainger by 19.5% during the 4th quarter. Fidelis Capital Partners LLC now owns 625 shares of the industrial products company’s stock worth $518,000 after acquiring an additional 102 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analysts Set New Price Targets

GWW has been the subject of several research analyst reports. Loop Capital downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating and boosted their price objective for the company from $925.00 to $1,000.00 in a research report on Tuesday, February 20th. JPMorgan Chase & Co. boosted their price target on W.W. Grainger from $800.00 to $925.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Oppenheimer raised their price objective on W.W. Grainger from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Stephens boosted their target price on W.W. Grainger from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Finally, UBS Group lifted their price target on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $913.89.

Insider Transactions at W.W. Grainger

In related news, VP Paige K. Robbins sold 3,122 shares of W.W. Grainger stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total transaction 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 $4,664,629.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other W.W. Grainger news, VP Paige K. Robbins sold 3,122 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the completion of the sale, the vice president now directly owns 4,909 shares in the company, valued at approximately $4,664,629.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Paige K. Robbins sold 3,813 shares of the business’s stock in a transaction dated 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 in the company, valued at $4,756,231.92. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.

W.W. Grainger Price Performance

Shares of NYSE:GWW opened at $942.07 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.64 and a current ratio of 2.88. W.W. Grainger, Inc. has a 52 week low of $641.95 and a 52 week high of $1,034.18. The firm has a market cap of $46.28 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.85 and a beta of 1.14. The firm’s fifty day moving average is $979.33 and its 200-day moving average is $869.76.

W.W. Grainger (NYSE:GWW) last announced its earnings results on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, topping the consensus estimate of $8.05 by $0.28. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.04 billion. W.W. Grainger had a return on equity of 56.54% and a net margin of 11.10%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $7.14 EPS. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 12th were issued a dividend of $1.86 per share. The ex-dividend date was Friday, February 9th. This represents a $7.44 annualized dividend and a yield of 0.79%. W.W. Grainger’s payout ratio is 20.55%.

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.