Cushing Capital Partners LLC Invests $1.09 Million in W.W. Grainger, Inc. (NYSE:GWW)

Cushing Capital Partners LLC bought a new position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,029 shares of the industrial products company's stock, valued at approximately $1,085,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB raised its position in shares of W.W. Grainger by 23.5% in the third quarter. Swedbank AB now owns 193,888 shares of the industrial products company's stock worth $201,413,000 after buying an additional 36,892 shares in the last quarter. Summit Global Investments bought a new position in W.W. Grainger in the 3rd quarter worth about $240,000. CWA Asset Management Group LLC purchased a new stake in shares of W.W. Grainger in the 3rd quarter valued at about $295,000. Assetmark Inc. boosted its position in shares of W.W. Grainger by 225.0% during the 3rd quarter. Assetmark Inc. now owns 78 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 54 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of W.W. Grainger during the third quarter worth about $75,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on GWW. Morgan Stanley raised their target price on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 19th. Royal Bank of Canada lowered their price objective 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. StockNews.com lowered shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. reduced their target price on 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, UBS Group assumed coverage on W.W. Grainger in a research note on Wednesday, November 13th. They set a "neutral" rating and a $1,280.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, W.W. Grainger has an average rating of "Hold" and a consensus target price of $1,151.50.

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W.W. Grainger Trading Down 1.4 %

GWW traded down $13.62 on Thursday, hitting $954.67. 331,035 shares of the company were exchanged, compared to its average volume of 235,859. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49. The firm has a fifty day simple moving average of $1,050.31 and a two-hundred day simple moving average of $1,076.17. The stock has a market capitalization of $46.03 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued its earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share (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 quarter in the prior year, the firm posted $8.33 earnings per share. Sell-side 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. Stockholders of record on Monday, February 10th were paid a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Monday, February 10th. W.W. Grainger's dividend payout ratio (DPR) is 21.18%.

W.W. Grainger Profile

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.