Terra Nova Asset Management LLC Acquires Shares of 1,147 W.W. Grainger, Inc. (NYSE:GWW)

Terra Nova Asset Management LLC bought a new stake in W.W. Grainger, Inc. (NYSE:GWW) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,147 shares of the industrial products company’s stock, valued at approximately $951,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. boosted its holdings in W.W. Grainger by 6.9% in the third quarter. Atria Wealth Solutions Inc. now owns 3,160 shares of the industrial products company’s stock valued at $2,187,000 after acquiring an additional 205 shares during the last quarter. Sigma Planning Corp raised its position in shares of W.W. Grainger by 23.4% during the third quarter. Sigma Planning Corp now owns 633 shares of the industrial products company’s stock worth $438,000 after purchasing an additional 120 shares during the period. US Bancorp DE lifted its holdings in shares of W.W. Grainger by 11.3% in the 3rd quarter. US Bancorp DE now owns 71,748 shares of the industrial products company’s stock worth $49,638,000 after purchasing an additional 7,273 shares in the last quarter. Raymond James & Associates grew its holdings in shares of W.W. Grainger by 12.1% during the fourth quarter. Raymond James & Associates now owns 82,038 shares of the industrial products company’s stock valued at $67,984,000 after buying an additional 8,865 shares during the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in shares of W.W. Grainger in the 4th quarter worth about $915,000. Institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

GWW has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. JPMorgan Chase & Co. lifted their price target on W.W. Grainger from $800.00 to $925.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Royal Bank of Canada boosted their target price 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. Oppenheimer raised their price objective on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Finally, StockNews.com raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $913.89.

W.W. Grainger Price Performance

GWW stock opened at $1,017.30 on Friday. The firm’s 50-day moving average price is $956.57 and its two-hundred day moving average price is $833.08. The stock has a market capitalization of $49.98 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 2.00 and a beta of 1.14. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.66. W.W. Grainger, Inc. has a 12-month low of $625.97 and a 12-month high of $1,034.18.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, topping the consensus estimate of $8.05 by $0.28. W.W. Grainger had a net margin of 11.10% and a return on equity of 56.54%. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same period last year, the company posted $7.14 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts predict that W.W. Grainger, Inc. will post 39.26 earnings per share for the current year.

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were paid a $1.86 dividend. The ex-dividend date was Friday, February 9th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 0.73%. W.W. Grainger’s dividend payout ratio is currently 20.55%.

Insider Activity

In other W.W. Grainger news, VP Paige K. Robbins sold 3,122 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the completion of the sale, 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 SEC, which can be accessed through the SEC website. In related news, VP Paige K. Robbins sold 3,813 shares of the firm’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 value of $3,694,339.44. Following the sale, the vice president now owns 4,909 shares in the company, valued at $4,756,231.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $2,966,586.84. Following the completion of the sale, the vice president now directly owns 4,909 shares of the company’s stock, valued at approximately $4,664,629.98. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.

W.W. Grainger 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.