Concord Asset Management LLC VA Buys 99 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Concord Asset Management LLC VA boosted its stake in W.W. Grainger, Inc. (NYSE:GWW) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,384 shares of the industrial products company’s stock after buying an additional 99 shares during the period. Concord Asset Management LLC VA’s holdings in W.W. Grainger were worth $2,513,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Avestar Capital LLC lifted its position in W.W. Grainger by 2.0% during the 3rd quarter. Avestar Capital LLC now owns 467 shares of the industrial products company’s stock valued at $485,000 after acquiring an additional 9 shares during the period. Busey Bank increased its stake in shares of W.W. Grainger by 1.5% during the fourth quarter. Busey Bank now owns 615 shares of the industrial products company’s stock valued at $648,000 after purchasing an additional 9 shares in the last quarter. CX Institutional lifted its holdings in shares of W.W. Grainger by 0.9% during the third quarter. CX Institutional now owns 1,191 shares of the industrial products company’s stock valued at $1,237,000 after purchasing an additional 11 shares during the last quarter. Virtue Capital Management LLC boosted its position in shares of W.W. Grainger by 5.2% in the 3rd quarter. Virtue Capital Management LLC now owns 223 shares of the industrial products company’s stock worth $232,000 after purchasing an additional 11 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of W.W. Grainger by 1.0% in the 3rd quarter. Park Avenue Securities LLC now owns 1,184 shares of the industrial products company’s stock worth $1,230,000 after buying an additional 12 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Insider Transactions at W.W. Grainger

In other 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 approximately $4,895,021.36. The trade was a 68.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Laurie R. Thomson sold 125 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total value of $150,753.75. Following the sale, the vice president now owns 675 shares in the company, valued at $814,070.25. The trade was a 15.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Baird R W upgraded W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Loop Capital raised their price objective on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Royal Bank of Canada upped their target price on shares of W.W. Grainger from $1,018.00 to $1,125.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. Northcoast Research assumed coverage on shares of W.W. Grainger in a report on Tuesday, October 29th. They set a “neutral” rating on the stock. Finally, Robert W. Baird upgraded shares of W.W. Grainger from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $975.00 to $1,230.00 in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $1,140.56.

W.W. Grainger Price Performance

GWW stock opened at $1,064.43 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.59. The company’s fifty day moving average price is $1,118.60 and its 200-day moving average price is $1,064.73. W.W. Grainger, Inc. has a one year low of $874.98 and a one year high of $1,227.66. The company has a market capitalization of $51.84 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 2.86 and a beta of 1.18.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Friday, January 31st. The industrial products company reported $9.71 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.04). W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. During the same quarter in the previous year, the firm posted $8.33 earnings per share. On average, equities analysts anticipate that W.W. Grainger, Inc. will post 38.95 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Monday, February 10th will be paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Monday, February 10th. W.W. Grainger’s payout ratio is 22.23%.

W.W. Grainger 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.