Clare Market Investments LLC acquired a new position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 950 shares of the industrial products company's stock, valued at approximately $1,001,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC grew its holdings in shares of W.W. Grainger by 43.5% during the fourth quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company's stock worth $35,000 after buying an additional 10 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in W.W. Grainger during the fourth quarter worth approximately $37,000. Larson Financial Group LLC grew its stake in W.W. Grainger by 111.1% in the 3rd quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company's stock worth $40,000 after acquiring an additional 20 shares during the period. OFI Invest Asset Management acquired a new position in W.W. Grainger in the 4th quarter valued at $42,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of W.W. Grainger during the 4th quarter worth $47,000. Institutional investors and hedge funds own 80.70% of the company's stock.
W.W. Grainger Stock Down 1.4 %
Shares of GWW traded down $13.62 during midday trading on Thursday, reaching $954.67. 331,035 shares of the company were exchanged, compared to its average volume of 236,157. W.W. Grainger, Inc. has a 1-year low of $874.98 and a 1-year high of $1,227.66. The stock has a 50-day moving average price of $1,050.31 and a 200-day moving average price of $1,076.17. 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 has a market cap of $46.03 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 2.70 and a beta of 1.18.
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 last year, the business earned $8.33 EPS. Research analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.
W.W. Grainger Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were issued a $2.05 dividend. The ex-dividend date was Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a yield of 0.86%. W.W. Grainger's dividend payout ratio is currently 21.18%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on GWW. UBS Group assumed coverage on W.W. Grainger in a research report on Wednesday, November 13th. They set a "neutral" rating and a $1,280.00 target price on the stock. Royal Bank of Canada decreased their target price on shares of W.W. Grainger from $1,113.00 to $1,112.00 and set a "sector perform" rating on the stock in a research report on Monday, February 3rd. 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 for the company in a research report on Monday, February 3rd. Morgan Stanley lifted their price target on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the company an "equal weight" rating in a report on Tuesday, November 19th. Finally, StockNews.com downgraded W.W. Grainger from a "buy" rating to a "hold" rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $1,151.50.
Get Our Latest Research Report on GWW
About W.W. Grainger
(
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.
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