Quantbot Technologies LP Acquires New Position in W.W. Grainger, Inc. (NYSE:GWW)

Quantbot Technologies LP bought a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 389 shares of the industrial products company's stock, valued at approximately $410,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Iron Horse Wealth Management LLC increased its stake in shares of W.W. Grainger by 43.5% in the 4th quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company's stock worth $35,000 after acquiring an additional 10 shares in the last quarter. AlphaMark Advisors LLC purchased a new stake in W.W. Grainger during the 4th quarter valued at $37,000. Larson Financial Group LLC increased its position in W.W. Grainger by 111.1% during the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 20 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of W.W. Grainger in the 4th quarter worth approximately $42,000. Finally, Atala Financial Inc purchased a new position in shares of W.W. Grainger in the fourth quarter worth approximately $43,000. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Stock Up 0.2 %

Shares of NYSE GWW traded up $1.66 during mid-day trading on Tuesday, hitting $989.49. The company had a trading volume of 85,425 shares, compared to its average volume of 246,586. 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 capitalization of $47.71 billion, a PE ratio of 25.57, a price-to-earnings-growth 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 business's 50-day simple moving average is $1,024.86 and its 200 day simple moving average is $1,077.69.

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W.W. Grainger (NYSE:GWW - Get Free Report) last announced its quarterly 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 net margin of 11.12% and a return on equity of 52.43%. During the same period last year, the company earned $8.33 earnings per share. On average, analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were given a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 0.83%. The ex-dividend date was Monday, February 10th. W.W. Grainger's dividend payout ratio (DPR) is presently 21.18%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GWW. William Blair raised shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a research note on Monday, March 10th. JPMorgan Chase & Co. reduced their price target on 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. StockNews.com lowered W.W. Grainger from a "buy" rating to a "hold" rating in a report on Thursday, December 19th. Finally, 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 report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, W.W. Grainger currently has a consensus rating of "Hold" and a consensus target price of $1,151.50.

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.