Cornerstone Wealth Management LLC Sells 333 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Cornerstone Wealth Management LLC trimmed its position in W.W. Grainger, Inc. (NYSE:GWW) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,343 shares of the industrial products company’s stock after selling 333 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in W.W. Grainger were worth $4,578,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in W.W. Grainger by 46.8% in the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company’s stock valued at $338,000 after acquiring an additional 102 shares during the period. Capital Planning Advisors LLC raised its holdings in W.W. Grainger by 6.1% in the 4th quarter. Capital Planning Advisors LLC now owns 3,989 shares of the industrial products company’s stock valued at $4,205,000 after acquiring an additional 228 shares during the period. Beacon Investment Advisory Services Inc. raised its holdings in W.W. Grainger by 19.4% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 370 shares of the industrial products company’s stock valued at $390,000 after acquiring an additional 60 shares during the period. Mutual Advisors LLC raised its holdings in W.W. Grainger by 8.7% in the 4th quarter. Mutual Advisors LLC now owns 760 shares of the industrial products company’s stock valued at $844,000 after acquiring an additional 61 shares during the period. Finally, Dakota Wealth Management raised its holdings in W.W. Grainger by 1.6% in the 4th quarter. Dakota Wealth Management now owns 3,287 shares of the industrial products company’s stock valued at $3,465,000 after acquiring an additional 52 shares during the period. 80.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on GWW shares. Royal Bank of Canada raised 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 report on Friday, November 1st. Loop Capital raised their target price on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a report on Monday, October 21st. UBS Group started coverage on shares of W.W. Grainger in a report on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 target price on the stock. Morgan Stanley raised their target price on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 19th. Finally, Northcoast Research initiated coverage on shares of W.W. Grainger in a report on Tuesday, October 29th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $1,140.56.

W.W. Grainger Stock Performance

Shares of W.W. Grainger stock opened at $1,120.63 on Friday. W.W. Grainger, Inc. has a fifty-two week low of $868.53 and a fifty-two week high of $1,227.66. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.68. The firm has a market capitalization of $54.57 billion, a P/E ratio of 30.38, a P/E/G ratio of 2.88 and a beta of 1.18. The company’s 50 day moving average price is $1,126.79 and its two-hundred day moving average price is $1,056.43.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share for the quarter, missing analysts’ consensus estimates of $9.98 by ($0.11). W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. The company had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the prior year, the business earned $9.43 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts forecast 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 declared a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Monday, November 11th were issued a dividend of $2.05 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.73%. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.23%.

Insider Transactions at W.W. Grainger

In related news, VP Laurie R. Thomson sold 125 shares of the business’s 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 transaction, the vice president now owns 675 shares in the company, valued at $814,070.25. The trade was a 15.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Deidra C. Merriwether sold 704 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $1,105.59, for a total transaction of $778,335.36. Following the completion of the transaction, the chief financial officer now owns 9,509 shares in the company, 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 have sold 10,406 shares of company stock worth $11,634,643. 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.