McKinley Carter Wealth Services Inc. Sells 20 Shares of W.W. Grainger, Inc. (NYSE:GWW)

McKinley Carter Wealth Services Inc. lessened its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,314 shares of the industrial products company’s stock after selling 20 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in W.W. Grainger were worth $10,871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GWW. GHP Investment Advisors Inc. lifted its stake in W.W. Grainger by 250.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 20 shares in the last quarter. AlphaMark Advisors LLC purchased a new stake in shares of W.W. Grainger in the fourth quarter worth about $37,000. Larson Financial Group LLC boosted its stake in W.W. Grainger by 111.1% during the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock valued at $40,000 after buying an additional 20 shares during the last quarter. Fortitude Family Office LLC grew its holdings in W.W. Grainger by 38.9% during the 3rd quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company’s stock valued at $52,000 after buying an additional 14 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in W.W. Grainger in the 3rd quarter worth approximately $75,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Insider Buying and Selling at W.W. Grainger

In related news, CFO Deidra C. Merriwether sold 704 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $1,105.59, for a total value of $778,335.36. Following the completion of the sale, the chief financial officer now directly owns 9,509 shares of the company’s stock, valued at $10,513,055.31. This represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paige K. Robbins sold 9,577 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total transaction of $10,705,553.68. Following the transaction, the vice president now owns 4,379 shares in the company, valued at approximately $4,895,021.36. The trade was a 68.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,406 shares of company stock valued at $11,634,643 in the last three months. Company insiders own 9.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley increased their target price on W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 19th. Bank of America assumed coverage on shares of W.W. Grainger in a research report on Monday, October 7th. They set an “underperform” rating and a $925.00 price objective for the company. Loop Capital boosted their target price on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Royal Bank of Canada increased their price target on shares of W.W. Grainger from $1,018.00 to $1,125.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Finally, UBS Group began coverage on W.W. Grainger in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1,140.56.

W.W. Grainger Price Performance

GWW opened at $1,131.17 on Wednesday. The business has a fifty day moving average of $1,124.04 and a 200 day moving average of $1,063.09. The stock has a market cap of $55.09 billion, a P/E ratio of 30.66, a PEG ratio of 2.88 and a beta of 1.18. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. W.W. Grainger, Inc. has a 52-week low of $874.98 and a 52-week high of $1,227.66.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Thursday, October 31st. The industrial products company reported $9.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.98 by ($0.11). The company had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.40 billion. W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.43 earnings per share. As a group, sell-side analysts anticipate that W.W. Grainger, Inc. will post 38.95 EPS for the current year.

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.