Aigen Investment Management LP Takes Position in W.W. Grainger, Inc. (NYSE:GWW)

Aigen Investment Management LP bought a new position in W.W. Grainger, Inc. (NYSE:GWW) in the third quarter, according to its most recent filing with the SEC. The firm bought 776 shares of the industrial products company’s stock, valued at approximately $806,000.

Several other large investors also recently bought and sold shares of GWW. GHP Investment Advisors Inc. increased its position in shares of W.W. Grainger by 250.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 20 shares during the period. HWG Holdings LP purchased a new position in shares of W.W. Grainger during the 2nd quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new position in shares of W.W. Grainger in the first quarter worth about $41,000. Triad Wealth Partners LLC purchased a new position in W.W. Grainger during the second quarter worth approximately $42,000. Finally, Fortitude Family Office LLC grew its stake in W.W. Grainger by 38.9% in the 3rd quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 14 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Trading Down 1.1 %

NYSE:GWW opened at $1,207.68 on Wednesday. The firm has a market capitalization of $58.81 billion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 3.37 and a beta of 1.15. W.W. Grainger, Inc. has a 12 month low of $772.13 and a 12 month high of $1,227.66. The business’s 50-day moving average is $1,064.20 and its two-hundred day moving average is $983.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.68.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.98 by ($0.11). The firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.40 billion. W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $9.43 EPS. Research analysts predict that W.W. Grainger, Inc. will post 38.91 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Monday, November 11th will be paid a $2.05 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.68%. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.23%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wolfe Research raised W.W. Grainger to a “hold” rating in a research note on Sunday, September 22nd. StockNews.com upgraded W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Baird R W raised shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Northcoast Research initiated coverage on W.W. Grainger in a research report on Tuesday, October 29th. They issued a “neutral” rating for the company. Finally, Oppenheimer downgraded shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1,058.50.

Insiders Place Their Bets

In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the sale, the chief executive officer now owns 111,559 shares in the company, valued at approximately $111,650,478.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Donald G. Macpherson sold 27,502 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the completion of the sale, the chief executive officer now owns 111,559 shares of the company’s stock, valued at $111,650,478.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Donald G. Macpherson sold 12,992 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the transaction, the chief executive officer now directly owns 98,567 shares in the company, valued at approximately $102,281,004.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,775 shares of company stock valued at $52,489,979 over the last three months. Company insiders own 9.50% of the company’s stock.

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.