HBK Sorce Advisory LLC Sells 344 Shares of W.W. Grainger, Inc. (NYSE:GWW)

HBK Sorce Advisory LLC decreased its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 16.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,775 shares of the industrial products company's stock after selling 344 shares during the quarter. HBK Sorce Advisory LLC's holdings in W.W. Grainger were worth $1,871,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of GWW. Wilmington Savings Fund Society FSB bought a new stake in shares of W.W. Grainger during the third quarter valued at about $848,000. Trust Co. of Toledo NA OH raised its stake in shares of W.W. Grainger by 313.3% during the fourth quarter. Trust Co. of Toledo NA OH now owns 1,521 shares of the industrial products company's stock valued at $1,603,000 after purchasing an additional 1,153 shares in the last quarter. Clark & Stuart Inc bought a new stake in shares of W.W. Grainger during the fourth quarter valued at about $1,741,000. Empowered Funds LLC raised its stake in shares of W.W. Grainger by 27.0% during the third quarter. Empowered Funds LLC now owns 2,226 shares of the industrial products company's stock valued at $2,312,000 after purchasing an additional 473 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of W.W. Grainger by 72.6% during the third quarter. Toronto Dominion Bank now owns 22,045 shares of the industrial products company's stock valued at $22,901,000 after purchasing an additional 9,270 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Analysts Set New Price Targets

GWW has been the topic of a number of recent analyst reports. Royal Bank of Canada cut 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 note on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective 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. William Blair upgraded shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a research report on Monday, March 10th. StockNews.com cut shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research report on Thursday, December 19th. Finally, Morgan Stanley boosted their price target on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $1,151.50.

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W.W. Grainger Stock Down 0.3 %

NYSE:GWW traded down $3.29 on Tuesday, hitting $974.12. 205,831 shares of the company's stock traded hands, compared to its average volume of 298,275. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. W.W. Grainger, Inc. has a 1 year low of $874.98 and a 1 year high of $1,227.66. The firm has a 50-day moving average price of $1,045.32 and a 200-day moving average price of $1,076.86. The company has a market cap of $46.97 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18.

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

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were paid a dividend of $2.05 per share. The ex-dividend date was Monday, February 10th. This represents a $8.20 annualized dividend and a yield of 0.84%. W.W. Grainger's dividend payout ratio (DPR) is presently 21.18%.

W.W. Grainger Company 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.