Proficio Capital Partners LLC Buys Shares of 175,168 W.W. Grainger, Inc. (NYSE:GWW)

Proficio Capital Partners LLC bought a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 175,168 shares of the industrial products company's stock, valued at approximately $175,000. Proficio Capital Partners LLC owned about 0.36% of W.W. Grainger at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GWW. Iron Horse Wealth Management LLC lifted its position 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 purchasing an additional 10 shares during the last quarter. AlphaMark Advisors LLC acquired a new stake in W.W. Grainger in the fourth 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 valued at $40,000 after buying an additional 20 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of W.W. Grainger in the 4th quarter valued at approximately $47,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of W.W. Grainger during the third quarter worth $75,000. Hedge funds and other institutional investors own 80.70% of the company's stock.

Wall Street Analyst Weigh In

GWW has been the subject of a number of analyst reports. Royal Bank of Canada decreased their price target on W.W. Grainger from $1,113.00 to $1,112.00 and set a "sector perform" rating for the company in a report on Monday, February 3rd. UBS Group started coverage on shares of W.W. Grainger in a research note on Wednesday, November 13th. They issued a "neutral" rating and a $1,280.00 price target on the stock. StockNews.com cut shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research report on Thursday, December 19th. Morgan Stanley raised their target price on W.W. Grainger from $990.00 to $1,215.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. decreased 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 report on Monday, February 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $1,151.50.

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W.W. Grainger Stock Down 1.4 %

GWW traded down $13.62 during trading hours on Thursday, reaching $954.67. 331,035 shares of the stock traded hands, compared to its average volume of 236,157. The company has a market cap of $46.03 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.70 and a beta of 1.18. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.49 and a quick ratio of 1.49. The firm's fifty day simple moving average is $1,050.31 and its two-hundred day simple moving average is $1,076.17. W.W. Grainger, Inc. has a fifty-two week low of $874.98 and a fifty-two week high of $1,227.66.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted its 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 net margin of 11.12% and a return on equity of 52.43%. During the same period in the prior year, the business earned $8.33 EPS. As a group, analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were issued a dividend of $2.05 per share. The ex-dividend date was Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.86%. W.W. Grainger's dividend payout ratio (DPR) is presently 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.