W.W. Grainger, Inc. (NYSE:GWW) Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 47.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,479 shares of the industrial products company's stock after buying an additional 474 shares during the period. Axxcess Wealth Management LLC's holdings in W.W. Grainger were worth $1,559,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp grew its position in shares of W.W. Grainger by 2.3% during the third quarter. State Street Corp now owns 1,997,191 shares of the industrial products company's stock worth $2,074,702,000 after buying an additional 45,369 shares in the last quarter. FMR LLC grew its holdings in W.W. Grainger by 2.6% during the 3rd quarter. FMR LLC now owns 1,617,149 shares of the industrial products company's stock worth $1,679,911,000 after acquiring an additional 40,992 shares in the last quarter. Geode Capital Management LLC increased its position in shares of W.W. Grainger by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,167,031 shares of the industrial products company's stock valued at $1,208,610,000 after purchasing an additional 28,626 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of W.W. Grainger by 8.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 546,960 shares of the industrial products company's stock valued at $568,188,000 after purchasing an additional 42,866 shares in the last quarter. Finally, Amundi lifted its position in shares of W.W. Grainger by 14.7% during the 4th quarter. Amundi now owns 459,536 shares of the industrial products company's stock worth $491,170,000 after purchasing an additional 58,978 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

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W.W. Grainger Stock Performance

NYSE:GWW traded up $19.11 during trading hours on Monday, reaching $992.20. 259,205 shares of the company's stock were exchanged, compared to its average volume of 237,080. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $47.84 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 2.70 and a beta of 1.18. W.W. Grainger, Inc. has a 1-year low of $874.98 and a 1-year high of $1,227.66. The company has a 50-day moving average of $1,038.34 and a 200 day moving average of $1,077.01.

W.W. Grainger (NYSE:GWW - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $9.75 by ($0.04). W.W. Grainger had a return on equity of 52.43% and a net margin of 11.12%. During the same period in the previous year, the business posted $8.33 EPS. Research analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were issued a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Monday, February 10th. W.W. Grainger's dividend payout ratio is presently 21.18%.

Analyst Upgrades and Downgrades

GWW has been the topic of a number of analyst reports. William Blair upgraded W.W. Grainger from a "market perform" rating to an "outperform" rating in a research note on Monday, March 10th. StockNews.com downgraded W.W. Grainger from a "buy" rating to a "hold" rating in a report on Thursday, December 19th. JPMorgan Chase & Co. dropped their price target on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reduced their price objective on shares of W.W. Grainger from $1,113.00 to $1,112.00 and set a "sector perform" rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $1,151.50.

About W.W. Grainger

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.