PUREfi Wealth LLC Makes New Investment in W.W. Grainger, Inc. (NYSE:GWW)

PUREfi Wealth LLC acquired a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 320 shares of the industrial products company's stock, valued at approximately $337,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in shares of W.W. Grainger during the third quarter worth about $848,000. Trust Co. of Toledo NA OH lifted its holdings in W.W. Grainger by 313.3% during the 4th quarter. Trust Co. of Toledo NA OH now owns 1,521 shares of the industrial products company's stock worth $1,603,000 after buying an additional 1,153 shares during the last quarter. Clark & Stuart Inc acquired a new position in shares of W.W. Grainger in the 4th quarter worth approximately $1,741,000. Toronto Dominion Bank grew its position in shares of W.W. Grainger by 72.6% in the 3rd quarter. Toronto Dominion Bank now owns 22,045 shares of the industrial products company's stock worth $22,901,000 after acquiring an additional 9,270 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of W.W. Grainger by 27.0% in the 3rd quarter. Empowered Funds LLC now owns 2,226 shares of the industrial products company's stock valued at $2,312,000 after acquiring an additional 473 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Price Performance

NYSE GWW traded down $1.65 on Wednesday, reaching $1,021.00. 316,634 shares of the stock traded hands, compared to its average volume of 299,545. The firm's fifty day simple moving average is $1,078.03 and its 200 day simple moving average is $1,072.33. The company has a market cap of $49.72 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 2.71 and a beta of 1.17. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62.

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 earnings per share for the quarter, missing analysts' consensus estimates 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 last year, the business posted $8.33 earnings per share. As a group, research analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Monday, February 10th will be paid a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 0.80%. The ex-dividend date is Monday, February 10th. W.W. Grainger's dividend payout ratio is currently 21.18%.

Analyst Upgrades and Downgrades

GWW has been the topic of several research analyst reports. UBS Group started coverage on W.W. Grainger in a research note on Wednesday, November 13th. They set a "neutral" rating and a $1,280.00 price objective on the stock. Royal Bank of Canada decreased 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. Morgan Stanley boosted their price objective on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the company an "equal weight" rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. cut their target price 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. Finally, StockNews.com lowered W.W. Grainger from a "buy" rating to a "hold" rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $1,148.56.

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.