Chevy Chase Trust Holdings LLC reduced its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,255 shares of the industrial products company's stock after selling 568 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in W.W. Grainger were worth $24,512,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. GHP Investment Advisors Inc. grew its position in W.W. Grainger by 250.0% in the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 20 shares during the last quarter. Iron Horse Wealth Management LLC lifted its holdings in shares of W.W. Grainger by 43.5% in the fourth quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company's stock worth $35,000 after acquiring an additional 10 shares during the last quarter. AlphaMark Advisors LLC bought a new stake in shares of W.W. Grainger during the 4th quarter valued at approximately $37,000. Larson Financial Group LLC increased its position in W.W. Grainger by 111.1% during the 3rd quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company's stock worth $40,000 after purchasing an additional 20 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in W.W. Grainger in the 4th quarter valued at approximately $47,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.
W.W. Grainger Stock Down 0.2 %
NYSE GWW traded down $1.65 during mid-day trading on Wednesday, hitting $1,021.00. The company's stock had a trading volume of 316,632 shares, compared to its average volume of 299,545. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. The company's 50 day simple moving average is $1,080.74 and its 200 day simple moving average is $1,072.69. W.W. Grainger, Inc. has a twelve month low of $874.98 and a twelve month high of $1,227.66. The firm has a market capitalization of $49.72 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 2.71 and a beta of 1.17.
W.W. Grainger (NYSE:GWW - Get Free Report) last issued its quarterly earnings data 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 company earned $8.33 earnings per share. Analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.
W.W. Grainger Announces Dividend
The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, February 10th. This represents a $8.20 annualized dividend and a yield of 0.80%. W.W. Grainger's dividend payout ratio (DPR) is 21.18%.
Wall Street Analysts Forecast Growth
GWW has been the subject of several research analyst reports. UBS Group initiated coverage on shares of W.W. Grainger in a report on Wednesday, November 13th. They set a "neutral" rating and a $1,280.00 price target for the company. JPMorgan Chase & Co. dropped their target price on W.W. Grainger from $1,125.00 to $1,100.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Royal Bank of Canada lowered their price objective on W.W. Grainger from $1,113.00 to $1,112.00 and set a "sector perform" rating for the company in a research note on Monday, February 3rd. StockNews.com downgraded shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research report on Thursday, December 19th. Finally, Northcoast Research initiated coverage on shares of W.W. Grainger in a research note on Tuesday, October 29th. They set a "neutral" rating for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, W.W. Grainger has a consensus rating of "Hold" and an average target price of $1,148.56.
Read Our Latest Stock Analysis on W.W. Grainger
W.W. Grainger Company Profile
(
Free Report)
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.
Further Reading
Before you consider W.W. Grainger, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and W.W. Grainger wasn't on the list.
While W.W. Grainger currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
