Atria Wealth Solutions Inc. Has $2.63 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Atria Wealth Solutions Inc. grew its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,178 shares of the industrial products company’s stock after purchasing an additional 18 shares during the period. Atria Wealth Solutions Inc.’s holdings in W.W. Grainger were worth $2,633,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ritholtz Wealth Management boosted its position in shares of W.W. Grainger by 2.8% in the fourth quarter. Ritholtz Wealth Management now owns 436 shares of the industrial products company’s stock valued at $361,000 after acquiring an additional 12 shares during the period. CI Investments Inc. raised its stake in W.W. Grainger by 2.9% in the third quarter. CI Investments Inc. now owns 489 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 14 shares in the last quarter. Tsfg LLC raised its stake in W.W. Grainger by 26.9% in the fourth quarter. Tsfg LLC now owns 66 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 14 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in W.W. Grainger by 1.6% in the third quarter. Sequoia Financial Advisors LLC now owns 927 shares of the industrial products company’s stock valued at $641,000 after purchasing an additional 15 shares in the last quarter. Finally, Quent Capital LLC raised its stake in W.W. Grainger by 5.0% in the fourth quarter. Quent Capital LLC now owns 314 shares of the industrial products company’s stock valued at $261,000 after purchasing an additional 15 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on GWW. JPMorgan Chase & Co. boosted their price target on W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. UBS Group boosted their price target on W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Royal Bank of Canada boosted their price target on W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a research note on Monday, February 5th. Loop Capital downgraded W.W. Grainger from a “buy” rating to a “hold” rating and boosted their price target for the company from $925.00 to $1,000.00 in a research note on Tuesday, February 20th. Finally, StockNews.com downgraded W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, W.W. Grainger currently has a consensus rating of “Hold” and a consensus price target of $913.89.

Insider Activity

In related news, VP Paige K. Robbins sold 3,813 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $968.88, for a total value of $3,694,339.44. Following the sale, the vice president now directly owns 4,909 shares in the company, valued at $4,756,231.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other W.W. Grainger news, VP Paige K. Robbins sold 3,122 shares of the stock in a transaction that occurred 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 directly owns 4,909 shares in the company, valued at approximately $4,664,629.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Paige K. Robbins sold 3,813 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $968.88, for a total value of $3,694,339.44. Following the transaction, the vice president now owns 4,909 shares in the company, valued at $4,756,231.92. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by insiders.

W.W. Grainger Stock Down 2.0 %

Shares of NYSE GWW opened at $929.26 on Monday. 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 company has a market cap of $45.60 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.82 and a beta of 1.14. W.W. Grainger, Inc. has a 12 month low of $641.95 and a 12 month high of $1,034.18. The stock has a 50-day moving average price of $979.95 and a two-hundred day moving average price of $876.26.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Thursday, April 25th. The industrial products company reported $9.62 EPS for the quarter, topping the consensus estimate of $9.57 by $0.05. W.W. Grainger had a return on equity of 54.31% and a net margin of 10.94%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the previous year, the firm earned $9.61 earnings per share. The business’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, analysts forecast that W.W. Grainger, Inc. will post 39.3 earnings per share for the current fiscal year.

W.W. Grainger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Monday, May 13th will be paid a $2.05 dividend. The ex-dividend date is Friday, May 10th. This represents a $8.20 annualized dividend and a dividend yield of 0.88%. This is an increase from W.W. Grainger’s previous quarterly dividend of $1.86. W.W. Grainger’s dividend payout ratio is currently 20.54%.

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.