Keystone Financial Planning Inc. Invests $5.22 Million in W.W. Grainger, Inc. (GWW) Stock

Keystone Financial Planning Inc. acquired a new position in shares of W.W. Grainger, Inc. (NYSE:GWW) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,056 shares of the industrial products company’s stock, valued at approximately $5,223,000. W.W. Grainger accounts for 3.0% of Keystone Financial Planning Inc.’s portfolio, making the stock its 18th biggest position. Keystone Financial Planning Inc. owned approximately 0.05% of W.W. Grainger at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Longview Partners Guernsey LTD grew its position in W.W. Grainger by 33.2% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,001,477 shares of the industrial products company’s stock worth $899,015,000 after purchasing an additional 1,245,771 shares during the last quarter. Ameriprise Financial Inc. grew its position in W.W. Grainger by 224.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,225,728 shares of the industrial products company’s stock worth $220,325,000 after purchasing an additional 848,192 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in W.W. Grainger by 1,082.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 904,298 shares of the industrial products company’s stock worth $163,253,000 after purchasing an additional 827,796 shares during the last quarter. Koch Industries Inc. grew its position in W.W. Grainger by 27,293.0% in the 2nd quarter. Koch Industries Inc. now owns 471,433 shares of the industrial products company’s stock worth $469,000 after purchasing an additional 469,712 shares during the last quarter. Finally, APG Asset Management N.V. grew its position in W.W. Grainger by 655.0% in the 2nd quarter. APG Asset Management N.V. now owns 462,647 shares of the industrial products company’s stock worth $83,522,000 after purchasing an additional 401,371 shares during the last quarter. Hedge funds and other institutional investors own 85.98% of the company’s stock.

In related news, VP Eric R. Tapia sold 190 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $208.26, for a total value of $39,569.40. Following the completion of the sale, the vice president now owns 3,748 shares in the company, valued at approximately $780,558.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Paige K. Robbins sold 346 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $202.31, for a total transaction of $69,999.26. Following the completion of the sale, the vice president now owns 8,400 shares of the company’s stock, valued at approximately $1,699,404. The disclosure for this sale can be found here. Company insiders own 9.60% of the company’s stock.

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Several research analysts have commented on the stock. Royal Bank Of Canada restated a “sell” rating and issued a $145.00 target price on shares of W.W. Grainger in a research report on Wednesday, September 6th. Morgan Stanley set a $185.00 target price on shares of W.W. Grainger and gave the stock a “sell” rating in a research report on Wednesday, October 18th. UBS AG cut shares of W.W. Grainger from a “neutral” rating to a “sell” rating and upped their target price for the stock from $170.00 to $195.00 in a research report on Thursday, October 19th. KeyCorp restated a “hold” rating on shares of W.W. Grainger in a research report on Monday, November 13th. Finally, Oppenheimer Holdings, Inc. upgraded shares of W.W. Grainger from a “market perform” rating to an “outperform” rating and set a $245.00 target price for the company in a research report on Wednesday, October 18th. Seven research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $191.23.

Shares of W.W. Grainger, Inc. (NYSE:GWW) traded down $0.68 during trading hours on Friday, reaching $197.82. 588,548 shares of the company were exchanged, compared to its average volume of 1,172,011. The company has a market capitalization of $11,272.38, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.91 and a beta of 0.78. W.W. Grainger, Inc. has a 1 year low of $155.00 and a 1 year high of $262.71. The company has a quick ratio of 1.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.19.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.56 by $0.34. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.65 billion. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $3.06 earnings per share. research analysts predict that W.W. Grainger, Inc. will post 10.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Friday, November 10th. W.W. Grainger’s payout ratio is 60.95%.

W.W. Grainger Company Profile

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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