BKM Wealth Management LLC Acquires 59 Shares of W.W. Grainger, Inc. (NYSE:GWW)

BKM Wealth Management LLC boosted its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 4.2% in the third quarter, Holdings Channel reports. The institutional investor owned 1,448 shares of the industrial products company’s stock after acquiring an additional 59 shares during the quarter. BKM Wealth Management LLC’s holdings in W.W. Grainger were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valued Wealth Advisors LLC increased its holdings in W.W. Grainger by 170.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 27 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 17 shares during the period. HWG Holdings LP purchased a new stake in W.W. Grainger during the second quarter valued at about $26,000. Washington Trust Advisors Inc. boosted its holdings in W.W. Grainger by 225.0% during the 1st quarter. Washington Trust Advisors Inc. now owns 39 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 27 shares during the period. Headlands Technologies LLC bought a new stake in W.W. Grainger in the first quarter valued at approximately $41,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of W.W. Grainger during the second quarter valued at approximately $42,000. Institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Bank of America assumed coverage on shares of W.W. Grainger in a report on Monday, October 7th. They set an “underperform” rating and a $925.00 price target for the company. Loop Capital boosted their price target on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Robert W. Baird raised shares of W.W. Grainger from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $975.00 to $1,230.00 in a research note on Wednesday, October 16th. Baird R W raised W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley started coverage on shares of W.W. Grainger in a research report on Friday, September 6th. They set an “equal weight” rating and a $990.00 price objective on the stock. 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 stock. According to MarketBeat.com, W.W. Grainger currently has an average rating of “Hold” and a consensus target price of $1,043.20.

W.W. Grainger Trading Up 0.8 %

Shares of GWW opened at $1,090.94 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.30 and a quick ratio of 1.40. The company has a 50 day simple moving average of $1,022.51 and a two-hundred day simple moving average of $967.46. W.W. Grainger, Inc. has a 1 year low of $687.55 and a 1 year high of $1,129.92. The firm has a market cap of $53.27 billion, a P/E ratio of 29.93, a price-to-earnings-growth ratio of 3.07 and a beta of 1.16.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.58 by $0.18. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.35 billion. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the company earned $9.28 EPS. On average, equities analysts expect that W.W. Grainger, Inc. will post 38.69 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Monday, August 12th were given a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Monday, August 12th. W.W. Grainger’s payout ratio is 22.50%.

Insider Activity at W.W. Grainger

In other news, CEO Donald G. Macpherson sold 12,992 shares of W.W. Grainger stock in a transaction on 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,992 shares of W.W. Grainger stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the completion of the sale, the chief executive officer now owns 98,567 shares of the company’s stock, valued at approximately $102,281,004.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Donald G. Macpherson sold 27,502 shares of the 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 transaction, the chief executive officer now directly owns 111,559 shares in the company, valued at $111,650,478.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.50% of the stock is currently 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.