Dynamic Advisor Solutions LLC Sells 60 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Dynamic Advisor Solutions LLC trimmed its position in W.W. Grainger, Inc. (NYSE:GWW) by 2.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,299 shares of the industrial products company’s stock after selling 60 shares during the period. Dynamic Advisor Solutions LLC’s holdings in W.W. Grainger were worth $2,423,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in GWW. HWG Holdings LP acquired a new stake in W.W. Grainger in the second quarter worth about $26,000. GHP Investment Advisors Inc. boosted its stake 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 purchasing an additional 20 shares during the last quarter. Larson Financial Group LLC grew its position in shares of W.W. Grainger by 111.1% during the 3rd quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock worth $40,000 after buying an additional 20 shares during the period. Fortitude Family Office LLC raised its stake in shares of W.W. Grainger by 38.9% during the third quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company’s stock worth $52,000 after buying an additional 14 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in W.W. Grainger in the third quarter valued at approximately $75,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Baird R W raised shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Royal Bank of Canada boosted their target price on W.W. Grainger from $1,018.00 to $1,125.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Morgan Stanley increased their price target on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 19th. Bank of America assumed coverage on shares of W.W. Grainger in a research note on Monday, October 7th. They issued an “underperform” rating and a $925.00 target price for the company. Finally, Oppenheimer lowered shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $1,140.56.

W.W. Grainger Price Performance

Shares of NYSE GWW opened at $1,122.01 on Friday. The company has a fifty day moving average price of $1,125.67 and a 200 day moving average price of $1,058.89. The firm has a market cap of $54.64 billion, a PE ratio of 30.41, a PEG ratio of 2.88 and a beta of 1.18. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. W.W. Grainger, Inc. has a 1-year low of $870.99 and a 1-year high of $1,227.66.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $9.87 earnings per share for the quarter, missing the consensus estimate of $9.98 by ($0.11). W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same period in the prior year, the company earned $9.43 earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Research analysts predict that W.W. Grainger, Inc. will post 38.95 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 11th were given a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Friday, November 8th. W.W. Grainger’s dividend payout ratio is presently 22.23%.

Insider Buying and Selling

In other W.W. Grainger news, VP Paige K. Robbins sold 9,577 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the transaction, the vice president now owns 4,379 shares of the company’s stock, valued at $4,895,021.36. The trade was a 68.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Deidra C. Merriwether sold 704 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $1,105.59, for a total value of $778,335.36. Following the completion of the sale, the chief financial officer now directly owns 9,509 shares of the company’s stock, valued at approximately $10,513,055.31. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,406 shares of company stock worth $11,634,643. 9.50% of the stock is owned by insiders.

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.