Dakota Wealth Management Buys 275 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Dakota Wealth Management increased its stake in W.W. Grainger, Inc. (NYSE:GWW) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,100 shares of the industrial products company’s stock after purchasing an additional 275 shares during the quarter. Dakota Wealth Management’s holdings in W.W. Grainger were worth $2,569,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GWW. OFI Invest Asset Management bought a new stake in shares of W.W. Grainger in the 3rd quarter worth approximately $25,000. Clear Street Markets LLC bought a new stake in W.W. Grainger during the 4th quarter valued at $26,000. Retirement Group LLC raised its holdings in W.W. Grainger by 2,450.0% during the 4th quarter. Retirement Group LLC now owns 51 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 49 shares during the period. Coppell Advisory Solutions Corp. bought a new position in shares of W.W. Grainger in the fourth quarter worth $29,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of W.W. Grainger in the fourth quarter worth $30,000. Institutional investors own 80.70% of the company’s stock.

Insider Activity

In other news, VP Paige K. Robbins sold 3,813 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the completion of the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,756,231.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Paige K. Robbins sold 3,813 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $968.88, for a total value of $3,694,339.44. Following the completion of the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,756,231.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Paige K. Robbins sold 3,122 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the completion of the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,664,629.98. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.

Wall Street Analyst Weigh In

GWW has been the topic of several research analyst reports. Stephens upped their price target on shares of W.W. Grainger from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. UBS Group upped their price target on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Jefferies Financial Group cut shares of W.W. Grainger from a “buy” rating to a “hold” rating and set a $825.00 price target on the stock. in a report on Wednesday, December 20th. Oppenheimer upped their target price on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of W.W. Grainger from $800.00 to $925.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $913.89.

W.W. Grainger Stock Performance

NYSE GWW opened at $955.44 on Wednesday. The company has a 50-day simple moving average of $979.92 and a two-hundred day simple moving average of $862.80. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.66. W.W. Grainger, Inc. has a 12-month low of $641.95 and a 12-month high of $1,034.18. The firm has a market cap of $46.94 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 1.87 and a beta of 1.14.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, beating the consensus estimate of $8.05 by $0.28. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.04 billion. W.W. Grainger had a net margin of 11.10% and a return on equity of 56.54%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.14 earnings per share. On average, equities analysts forecast that W.W. Grainger, Inc. will post 39.26 EPS for the current year.

W.W. Grainger Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were paid a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, February 9th. W.W. Grainger’s dividend payout ratio (DPR) is 20.55%.

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.