Creative Planning grew its holdings in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 13.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,560 shares of the industrial products company’s stock after purchasing an additional 1,405 shares during the period. Creative Planning’s holdings in W.W. Grainger were worth $11,491,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in GWW. Massachusetts Financial Services Co. MA bought a new stake in shares of W.W. Grainger in the 2nd quarter valued at approximately $281,104,000. Clearbridge Investments LLC grew its stake in shares of W.W. Grainger by 17.4% in the 1st quarter. Clearbridge Investments LLC now owns 1,148,051 shares of the industrial products company’s stock valued at $1,167,913,000 after buying an additional 169,897 shares in the last quarter. Swedbank AB bought a new stake in shares of W.W. Grainger in the 1st quarter valued at approximately $159,365,000. Renaissance Technologies LLC grew its stake in shares of W.W. Grainger by 563.3% in the 2nd quarter. Renaissance Technologies LLC now owns 72,300 shares of the industrial products company’s stock valued at $65,232,000 after buying an additional 61,400 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of W.W. Grainger by 67.9% in the 2nd quarter. Acadian Asset Management LLC now owns 143,193 shares of the industrial products company’s stock valued at $129,175,000 after buying an additional 57,894 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.
W.W. Grainger Stock Down 1.9 %
GWW opened at $1,098.93 on Wednesday. W.W. Grainger, Inc. has a 1-year low of $674.41 and a 1-year high of $1,129.92. The company has a current ratio of 2.30, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $53.92 billion, a price-to-earnings ratio of 30.34, a P/E/G ratio of 2.88 and a beta of 1.16. The business has a 50 day moving average of $1,012.00 and a 200-day moving average of $964.63.
W.W. Grainger Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Monday, August 12th were paid a $2.05 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.75%. W.W. Grainger’s payout ratio is 22.64%.
Insider Activity at W.W. Grainger
In related news, CEO Donald G. Macpherson sold 27,502 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the completion of the transaction, the chief executive officer now directly owns 111,559 shares in the company, valued at approximately $111,650,478.38. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Donald G. Macpherson sold 27,502 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the completion of the transaction, the chief executive officer now directly owns 111,559 shares in the company, valued at approximately $111,650,478.38. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Donald G. Macpherson sold 12,992 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the transaction, the chief executive officer now owns 98,567 shares of the company’s stock, valued at $102,281,004.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
GWW has been the subject of several recent research reports. Bank of America initiated coverage on W.W. Grainger in a research note on Monday, October 7th. They issued an “underperform” rating and a $925.00 price target for the company. Royal Bank of Canada decreased their target price on W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Robert W. Baird raised W.W. Grainger from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $975.00 to $1,230.00 in a research report on Wednesday, October 16th. Loop Capital upped their target price on W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Morgan Stanley began coverage on W.W. Grainger in a research report on Friday, September 6th. They set an “equal weight” rating and a $990.00 target price for the company. One investment 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’s stock. According to data from MarketBeat, W.W. Grainger has a consensus rating of “Hold” and a consensus price target of $1,043.20.
View Our Latest Stock Analysis on GWW
About W.W. Grainger
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.
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