Teamwork Financial Advisors LLC Has $14.30 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Teamwork Financial Advisors LLC trimmed its position in W.W. Grainger, Inc. (NYSE:GWW) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,571 shares of the industrial products company’s stock after selling 239 shares during the period. W.W. Grainger comprises approximately 1.9% of Teamwork Financial Advisors LLC’s holdings, making the stock its 21st largest holding. Teamwork Financial Advisors LLC’s holdings in W.W. Grainger were worth $14,304,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GWW. XTX Topco Ltd purchased a new position in W.W. Grainger during the 2nd quarter worth approximately $410,000. Pacer Advisors Inc. grew its holdings in shares of W.W. Grainger by 8.8% during the second quarter. Pacer Advisors Inc. now owns 4,462 shares of the industrial products company’s stock valued at $4,026,000 after buying an additional 361 shares in the last quarter. Sei Investments Co. raised its position in W.W. Grainger by 6.0% during the second quarter. Sei Investments Co. now owns 22,699 shares of the industrial products company’s stock valued at $20,479,000 after buying an additional 1,281 shares during the period. Frank Rimerman Advisors LLC lifted its stake in W.W. Grainger by 7,800.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 237 shares of the industrial products company’s stock worth $214,000 after acquiring an additional 234 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its position in W.W. Grainger by 7.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 4,273 shares of the industrial products company’s stock worth $3,855,000 after acquiring an additional 310 shares during the period. 80.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at W.W. Grainger

In other news, VP Paige K. Robbins sold 9,577 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $1,117.84, for a total value of $10,705,553.68. Following the sale, the vice president now owns 4,379 shares in the company, valued at approximately $4,895,021.36. This trade represents a 68.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Laurie R. Thomson sold 125 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the transaction, the vice president now owns 675 shares of the company’s stock, valued at approximately $814,070.25. The trade was a 15.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,406 shares of company stock worth $11,634,643 over the last ninety days. Company insiders own 9.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Loop Capital upped their target price on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a report on Monday, October 21st. Northcoast Research assumed coverage on shares of W.W. Grainger in a research report on Tuesday, October 29th. They issued a “neutral” rating for the company. Baird R W upgraded shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Robert W. Baird upgraded W.W. Grainger from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $975.00 to $1,230.00 in a report on Wednesday, October 16th. Finally, UBS Group began coverage on W.W. Grainger in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, W.W. Grainger has an average rating of “Hold” and a consensus target price of $1,140.56.

W.W. Grainger Stock Performance

GWW opened at $1,122.98 on Thursday. The stock has a 50-day moving average of $1,127.89 and a 200-day moving average of $1,055.98. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.59. W.W. Grainger, Inc. has a 52-week low of $866.03 and a 52-week high of $1,227.66. The company has a market cap of $54.69 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 2.88 and a beta of 1.18.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing the consensus estimate of $9.98 by ($0.11). W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same quarter last year, the business earned $9.43 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities research analysts forecast that W.W. Grainger, Inc. will post 38.95 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Monday, November 11th were given a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, November 8th. W.W. Grainger’s dividend payout ratio is 22.23%.

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.