W.W. Grainger, Inc. (NYSE:GWW) Shares Sold by Fidelis Capital Partners LLC

by · The Cerbat Gem

Fidelis Capital Partners LLC trimmed its position in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 2.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 541 shares of the industrial products company’s stock after selling 12 shares during the period. Fidelis Capital Partners LLC’s holdings in W.W. Grainger were worth $549,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in W.W. Grainger by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,330,688 shares of the industrial products company’s stock worth $5,618,812,000 after buying an additional 40,376 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of W.W. Grainger by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,194,747 shares of the industrial products company’s stock worth $1,256,400,000 after purchasing an additional 27,716 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of W.W. Grainger by 100,843.0% during the 1st quarter. GAMMA Investing LLC now owns 692,469 shares of the industrial products company’s stock worth $684,042,000 after purchasing an additional 691,783 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of W.W. Grainger by 14.2% during the 4th quarter. Northern Trust Corp now owns 681,912 shares of the industrial products company’s stock worth $718,769,000 after purchasing an additional 84,595 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of W.W. Grainger by 6.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 584,854 shares of the industrial products company’s stock worth $616,465,000 after purchasing an additional 37,894 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other W.W. Grainger news, VP Laurie R. Thomson sold 761 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $1,042.86, for a total value of $793,616.46. Following the sale, the vice president owned 578 shares of the company’s stock, valued at $602,773.08. The trade was a 56.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Krantz Nancy L. Berardinelli sold 280 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $1,075.20, for a total value of $301,056.00. Following the completion of the sale, the vice president directly owned 3,369 shares in the company, valued at approximately $3,622,348.80. The trade was a 7.67% decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

W.W. Grainger Stock Up 1.1%

Shares of NYSE GWW opened at $1,059.71 on Friday. The firm has a market cap of $50.91 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 2.75 and a beta of 1.18. The company has a quick ratio of 1.60, a current ratio of 2.74 and a debt-to-equity ratio of 0.59. W.W. Grainger, Inc. has a 52-week low of $893.99 and a 52-week high of $1,227.66. The business’s 50 day moving average is $1,062.07 and its two-hundred day moving average is $1,037.73.

W.W. Grainger (NYSE:GWW – Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $9.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.51 by $0.35. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.31 billion. W.W. Grainger had a return on equity of 51.28% and a net margin of 11.08%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $9.62 earnings per share. Research analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Monday, May 12th were given a $2.26 dividend. This is a positive change from W.W. Grainger’s previous quarterly dividend of $2.05. The ex-dividend date of this dividend was Monday, May 12th. This represents a $9.04 dividend on an annualized basis and a yield of 0.85%. W.W. Grainger’s payout ratio is presently 23.21%.

Analyst Ratings Changes

Several research analysts have recently weighed in on GWW shares. JPMorgan Chase & Co. boosted their target price on W.W. Grainger from $1,100.00 to $1,125.00 and gave the stock a “neutral” rating in a report on Tuesday, May 27th. Morgan Stanley lowered their target price on W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating on the stock in a report on Friday. Wolfe Research cut W.W. Grainger from a “peer perform” rating to an “underperform” rating and set a $966.00 price objective on the stock. in a report on Thursday, April 3rd. Finally, Royal Bank Of Canada upped their price objective on W.W. Grainger from $1,097.00 to $1,144.00 and gave the company a “sector perform” rating in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $1,116.25.

Read Our Latest Report on W.W. Grainger

About W.W. Grainger

(Free Report)

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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