266 Shares in W.W. Grainger, Inc. (NYSE:GWW) Purchased by Puff Wealth Management LLC

Puff Wealth Management LLC purchased a new position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 266 shares of the industrial products company's stock, valued at approximately $280,000.

Other hedge funds also recently modified their holdings of the company. Creative Planning boosted its holdings in shares of W.W. Grainger by 13.8% during the 3rd quarter. Creative Planning now owns 11,560 shares of the industrial products company's stock worth $11,491,000 after buying an additional 1,405 shares during the period. Swedbank AB boosted its holdings in shares of W.W. Grainger by 23.5% during the 3rd 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 during the period. Good Life Advisors LLC bought a new stake in shares of W.W. Grainger during the 3rd quarter worth $374,000. Global Retirement Partners LLC boosted its holdings in shares of W.W. Grainger by 1.7% during the 3rd quarter. Global Retirement Partners LLC now owns 1,856 shares of the industrial products company's stock worth $1,928,000 after buying an additional 31 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of W.W. Grainger by 7.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,676 shares of the industrial products company's stock worth $4,857,000 after buying an additional 331 shares during the period. Institutional investors and hedge funds own 80.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GWW shares. Northcoast Research started coverage on shares of W.W. Grainger in a report on Tuesday, October 29th. They set a "neutral" rating for the company. UBS Group assumed coverage on shares of W.W. Grainger in a report on Wednesday, November 13th. They issued a "neutral" rating and a $1,280.00 price target for the company. StockNews.com downgraded shares of W.W. Grainger from a "buy" rating to a "hold" rating in a report on Thursday, December 19th. Royal Bank of Canada reduced their price target on shares of 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. Finally, JPMorgan Chase & Co. reduced 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 report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, W.W. Grainger currently has an average rating of "Hold" and a consensus price target of $1,148.56.

W.W. Grainger Price Performance

Shares of GWW stock traded down $1.65 during mid-day trading on Wednesday, reaching $1,021.00. The company's stock had a trading volume of 316,634 shares, compared to its average volume of 299,545. W.W. Grainger, Inc. has a 1-year low of $874.98 and a 1-year high of $1,227.66. The company has a market cap of $49.72 billion, a P/E ratio of 26.38, a PEG ratio of 2.71 and a beta of 1.17. 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's 50-day moving average is $1,080.74 and its two-hundred day moving average is $1,072.69.

W.W. Grainger (NYSE:GWW - Get Free Report) last announced its earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 last year, the firm posted $8.33 EPS. On average, research analysts predict 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 announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Monday, February 10th will be given a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Monday, February 10th. W.W. Grainger's dividend payout ratio (DPR) is currently 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.