Mission Wealth Management LP Grows Position in W.W. Grainger, Inc. (NYSE:GWW)

Mission Wealth Management LP increased its stake in W.W. Grainger, Inc. (NYSE:GWW) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,718 shares of the industrial products company’s stock after purchasing an additional 40 shares during the period. Mission Wealth Management LP’s holdings in W.W. Grainger were worth $1,424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. OFI Invest Asset Management purchased a new position in shares of W.W. Grainger during the 3rd quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of W.W. Grainger during the fourth quarter worth approximately $30,000. Valley National Advisers Inc. bought a new stake in shares of W.W. Grainger in the 4th quarter worth approximately $40,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of W.W. Grainger in the 4th quarter valued at $45,000. Finally, Friedenthal Financial bought a new position in shares of W.W. Grainger during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on GWW shares. Oppenheimer boosted their price target on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. boosted their price objective on W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Loop Capital decreased their target price on shares of W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Royal Bank of Canada upped their price target on shares of W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, W.W. Grainger presently has an average rating of “Hold” and an average target price of $938.89.

W.W. Grainger Stock Down 0.1 %

Shares of NYSE GWW opened at $920.30 on Thursday. W.W. Grainger, Inc. has a 12 month low of $641.95 and a 12 month high of $1,034.18. The company has a current ratio of 2.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $979.63 and a two-hundred day simple moving average of $879.00. The firm has a market capitalization of $45.16 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.80 and a beta of 1.18.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $9.62 earnings per share for the quarter, topping analysts’ consensus estimates of $9.57 by $0.05. W.W. Grainger had a net margin of 10.94% and a return on equity of 54.31%. The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the prior year, the company earned $9.61 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. Equities analysts expect that W.W. Grainger, Inc. will post 39.27 earnings per share for the current year.

W.W. Grainger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Monday, May 13th will be issued a $2.05 dividend. This is a positive change from W.W. Grainger’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Friday, May 10th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.89%. W.W. Grainger’s dividend payout ratio (DPR) is presently 20.54%.

Insiders Place Their Bets

In related news, VP Paige K. Robbins sold 3,122 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total value of $2,966,586.84. Following the sale, the vice president now owns 4,909 shares in the company, valued at $4,664,629.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other W.W. Grainger news, VP Paige K. Robbins sold 3,813 shares of the company’s stock in a transaction that occurred on 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 sale, 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 filing with the SEC, which can be accessed through this link. Also, VP Paige K. Robbins sold 3,122 shares of W.W. Grainger stock in a transaction on 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 transaction, the vice president now owns 4,909 shares in the company, valued at approximately $4,664,629.98. The disclosure for this sale can be found here. 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.