Kestra Advisory Services LLC Sells 1,584 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Kestra Advisory Services LLC decreased its holdings in W.W. Grainger, Inc. (NYSE:GWWGet Rating) by 41.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,214 shares of the industrial products company’s stock after selling 1,584 shares during the quarter. Kestra Advisory Services LLC’s holdings in W.W. Grainger were worth $1,083,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Ronald Blue Trust Inc. purchased a new stake in W.W. Grainger in the 2nd quarter valued at about $27,000. Venture Visionary Partners LLC purchased a new stake in shares of W.W. Grainger during the 2nd quarter worth approximately $28,000. Fairfield Bush & CO. purchased a new stake in shares of W.W. Grainger during the 1st quarter worth approximately $30,000. Artemis Wealth Advisors LLC purchased a new stake in shares of W.W. Grainger during the 2nd quarter worth approximately $33,000. Finally, Clear Street Markets LLC increased its stake in shares of W.W. Grainger by 383.3% during the 2nd quarter. Clear Street Markets LLC now owns 87 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 71.76% of the company’s stock.

Insider Buying and Selling

In other W.W. Grainger news, CEO Donald G. Macpherson sold 14,380 shares of the firm’s stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $599.53, for a total transaction of $8,621,241.40. Following the completion of the transaction, the chief executive officer now owns 69,119 shares of the company’s stock, valued at $41,438,914.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GWW shares. StockNews.com assumed coverage on shares of W.W. Grainger in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Robert W. Baird boosted their price target on shares of W.W. Grainger from $640.00 to $650.00 and gave the company an “outperform” rating in a research report on Tuesday. Wolfe Research lowered shares of W.W. Grainger from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 14th. Morgan Stanley upped their target price on shares of W.W. Grainger from $485.00 to $490.00 and gave the stock an “underweight” rating in a research report on Friday, January 6th. Finally, Oppenheimer upped their target price on shares of W.W. Grainger to $660.00 in a research report on Tuesday, November 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, W.W. Grainger presently has a consensus rating of “Hold” and a consensus target price of $592.43.

W.W. Grainger Stock Performance

Shares of NYSE:GWW opened at $570.83 on Wednesday. W.W. Grainger, Inc. has a 12 month low of $440.48 and a 12 month high of $612.06. The company has a market cap of $28.84 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. The company has a 50-day moving average price of $575.78 and a 200-day moving average price of $550.60. The company has a current ratio of 2.63, a quick ratio of 1.46 and a debt-to-equity ratio of 0.90.

W.W. Grainger (NYSE:GWWGet Rating) last released its quarterly earnings results on Friday, October 28th. The industrial products company reported $8.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.19 by $1.08. W.W. Grainger had a net margin of 9.75% and a return on equity of 60.31%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.88 billion. As a group, equities analysts anticipate that W.W. Grainger, Inc. will post 29.47 EPS for the current year.

About W.W. Grainger

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W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. It offers safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.

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Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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