Advanced Asset Management Advisors Inc Trims Stock Position in W.W. Grainger, Inc. (NYSE:GWW)

Advanced Asset Management Advisors Inc lowered its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 0.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,250 shares of the industrial products company’s stock after selling 50 shares during the period. W.W. Grainger makes up approximately 2.5% of Advanced Asset Management Advisors Inc’s portfolio, making the stock its 14th largest position. Advanced Asset Management Advisors Inc’s holdings in W.W. Grainger were worth $9,248,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GWW. EverSource Wealth Advisors LLC lifted its stake in W.W. Grainger by 5.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the industrial products company’s stock worth $168,000 after purchasing an additional 11 shares in the last quarter. Hexagon Capital Partners LLC grew its position in W.W. Grainger by 10.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 121 shares of the industrial products company’s stock valued at $124,000 after acquiring an additional 11 shares in the last quarter. Optas LLC lifted its position in shares of W.W. Grainger by 0.8% during the second quarter. Optas LLC now owns 1,353 shares of the industrial products company’s stock worth $1,221,000 after purchasing an additional 11 shares in the last quarter. Aaron Wealth Advisors LLC increased its stake in W.W. Grainger by 2.7% during the 1st quarter. Aaron Wealth Advisors LLC now owns 463 shares of the industrial products company’s stock worth $471,000 after buying an additional 12 shares during the period. Finally, Copperwynd Financial LLC lifted its holdings in W.W. Grainger by 3.6% during the 4th quarter. Copperwynd Financial LLC now owns 347 shares of the industrial products company’s stock worth $288,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Up 1.7 %

Shares of W.W. Grainger stock opened at $984.92 on Tuesday. The company has a market cap of $48.33 billion, a P/E ratio of 27.19, a PEG ratio of 1.96 and a beta of 1.17. The firm has a fifty day moving average of $948.39 and a two-hundred day moving average of $953.63. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.30. W.W. Grainger, Inc. has a one year low of $674.41 and a one year high of $1,034.18.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, beating the consensus estimate of $9.58 by $0.18. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period last year, the firm earned $9.28 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts forecast that W.W. Grainger, Inc. will post 38.71 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Monday, August 12th were issued a $2.05 dividend. The ex-dividend date was Monday, August 12th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.83%. W.W. Grainger’s dividend payout ratio is presently 22.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GWW shares. JPMorgan Chase & Co. boosted their price objective on W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Erste Group Bank reissued a “hold” rating on shares of W.W. Grainger in a research report on Friday, June 14th. Royal Bank of Canada cut their target price on W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird downgraded shares of W.W. Grainger from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $1,000.00 to $975.00 in a research report on Wednesday, May 29th. Finally, StockNews.com downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, W.W. Grainger has an average rating of “Hold” and an average target price of $1,017.13.

Insider Activity

In related news, SVP Matt Fortin sold 511 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $915.20, for a total value of $467,667.20. Following the sale, the senior vice president now owns 1,848 shares in the company, valued at approximately $1,691,289.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 9.50% of the company’s stock.

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.