Lumature Wealth Partners LLC Has $270,000 Position in W.W. Grainger, Inc. (NYSE:GWW)

Posted by Defense World Staff on Jun 13th, 2023

W.W. Grainger logo Lumature Wealth Partners LLC reduced its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW – Get Rating) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 486 shares of the industrial products company’s stock after selling 19 shares during the period. Lumature Wealth Partners LLC’s holdings in W.W. Grainger were worth $270,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in W.W. Grainger by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,558,676 shares of the industrial products company’s stock worth $2,719,249,000 after acquiring an additional 116,455 shares during the period. State Street Corp boosted its position in shares of W.W. Grainger by 3.8% during the 3rd quarter. State Street Corp now owns 2,192,981 shares of the industrial products company’s stock worth $1,072,784,000 after purchasing an additional 80,677 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of W.W. Grainger by 1.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,059,715 shares of the industrial products company’s stock worth $589,467,000 after purchasing an additional 16,237 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of W.W. Grainger by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 926,770 shares of the industrial products company’s stock worth $514,584,000 after purchasing an additional 14,441 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of W.W. Grainger by 0.8% during the 4th quarter. Franklin Resources Inc. now owns 680,919 shares of the industrial products company’s stock worth $378,761,000 after purchasing an additional 5,175 shares in the last quarter. 71.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at W.W. Grainger

In other news, CFO Deidra C. Merriwether sold 4,623 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $664.66, for a total transaction of $3,072,723.18. Following the completion of the sale, the chief financial officer now owns 7,605 shares in the company, valued at approximately $5,054,739.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Laurie R. Thomson sold 476 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $683.74, for a total value of $325,460.24. Following the completion of the transaction, the vice president now directly owns 1,731 shares in the company, valued at approximately $1,183,553.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Deidra C. Merriwether sold 4,623 shares of W.W. Grainger stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $664.66, for a total transaction of $3,072,723.18. Following the completion of the transaction, the chief financial officer now owns 7,605 shares of the company’s stock, valued at $5,054,739.30. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GWW. StockNews.com began coverage on shares of W.W. Grainger in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Morgan Stanley increased their price objective on shares of W.W. Grainger from $537.00 to $555.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 19th. UBS Group raised their price target on shares of W.W. Grainger from $800.00 to $815.00 in a research report on Friday, April 28th. Loop Capital raised their price target on shares of W.W. Grainger from $750.00 to $800.00 in a research report on Monday, May 1st. Finally, 92 Resources reaffirmed a “maintains” rating on shares of W.W. Grainger in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $704.88.

W.W. Grainger Trading Up 2.2 %

NYSE:GWW opened at $722.33 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.53 and a current ratio of 2.70. The firm has a market cap of $36.24 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 1.52 and a beta of 1.19. W.W. Grainger, Inc. has a 52 week low of $440.48 and a 52 week high of $723.33. The firm has a 50-day moving average price of $671.30 and a two-hundred day moving average price of $638.20.

W.W. Grainger (NYSE:GWW – Get Rating) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $9.61 EPS for the quarter, beating the consensus estimate of $8.57 by $1.04. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.08 billion. W.W. Grainger had a net margin of 10.65% and a return on equity of 61.00%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $7.07 EPS. On average, equities analysts expect that W.W. Grainger, Inc. will post 35.83 earnings per share for the current fiscal year.

W.W. Grainger Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 8th were paid a dividend of $1.86 per share. The ex-dividend date of this dividend was Friday, May 5th. This represents a $7.44 annualized dividend and a dividend yield of 1.03%. This is a positive change from W.W. Grainger’s previous quarterly dividend of $1.72. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.82%.

W.W. Grainger Company Profile

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W.W. Grainger, Inc is a supplier of maintenance, repair, and operating products, with operations in North America, Japan, and the United Kingdom. It operates through the following segments: High-Touch Solutions N.A., Endless Assortment, and Other. The High-Touch Solutions N.A. segment is involved in value-added MRO solutions that are rooted in deep product knowledge and customer expertise.