C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases Shares of 6,097 W.W. Grainger, Inc. (NYSE:GWW)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,097 shares of the industrial products company's stock, valued at approximately $6,427,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GWW. Allspring Global Investments Holdings LLC increased its holdings in shares of W.W. Grainger by 24.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,718 shares of the industrial products company's stock worth $4,915,000 after buying an additional 927 shares during the last quarter. Guided Capital Wealth Management LLC purchased a new stake in shares of W.W. Grainger in the 4th quarter worth about $1,623,000. Quent Capital LLC lifted its position in shares of W.W. Grainger by 23.9% in the 4th quarter. Quent Capital LLC now owns 379 shares of the industrial products company's stock worth $399,000 after purchasing an additional 73 shares during the period. Essex Financial Services Inc. bought a new position in shares of W.W. Grainger in the 4th quarter worth about $233,000. Finally, Regents Gate Capital LLP bought a new position in shares of W.W. Grainger in the 4th quarter worth about $3,398,000. Institutional investors own 80.70% of the company's stock.

W.W. Grainger Trading Down 0.0 %

NYSE:GWW traded down $0.15 on Friday, reaching $1,027.68. 299,201 shares of the company's stock were exchanged, compared to its average volume of 318,592. W.W. Grainger, Inc. has a 52-week low of $874.98 and a 52-week high of $1,227.66. The firm has a market capitalization of $50.05 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 2.75 and a beta of 1.17. 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 business has a fifty day moving average of $1,086.13 and a 200-day moving average of $1,070.93.

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 EPS for the quarter, missing the consensus estimate 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 firm posted $8.33 EPS. As a group, analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Monday, February 10th will be paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Monday, February 10th. W.W. Grainger's payout ratio is 21.18%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GWW shares. StockNews.com lowered shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research note on Thursday, December 19th. UBS Group assumed coverage on shares of W.W. Grainger in a report on Wednesday, November 13th. They issued a "neutral" rating and a $1,280.00 price objective on the stock. Northcoast Research assumed coverage on shares of W.W. Grainger in a report on Tuesday, October 29th. They set a "neutral" rating on the stock. Loop Capital lifted their price target on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the company a "hold" rating in a report on Monday, October 21st. Finally, Morgan Stanley lifted their price objective on shares of 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, W.W. Grainger has an average rating of "Hold" and an average target price of $1,148.56.

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.