Rhumbline Advisers trimmed its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,076 shares of the industrial products company's stock after selling 1,441 shares during the period. Rhumbline Advisers owned 0.18% of W.W. Grainger worth $94,944,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. lifted its stake in shares of W.W. Grainger by 250.0% during the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company's stock worth $29,000 after purchasing an additional 20 shares in the last quarter. Iron Horse Wealth Management LLC lifted its position in W.W. Grainger by 43.5% during 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 position in W.W. Grainger in the 4th quarter worth approximately $37,000. Larson Financial Group LLC grew its position in W.W. Grainger by 111.1% in 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 in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in W.W. Grainger in the fourth quarter valued at approximately $47,000. 80.70% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on GWW. StockNews.com downgraded shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research note on Thursday, December 19th. Northcoast Research started coverage on shares of W.W. Grainger in a research report on Tuesday, October 29th. They issued a "neutral" rating for the company. JPMorgan Chase & Co. dropped their target price on W.W. Grainger from $1,125.00 to $1,100.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Morgan Stanley increased their price target on W.W. Grainger from $990.00 to $1,215.00 and gave the company an "equal weight" rating in a report on Tuesday, November 19th. Finally, Royal Bank of Canada dropped their price objective on W.W. Grainger from $1,113.00 to $1,112.00 and set a "sector perform" rating on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $1,148.56.
View Our Latest Report on GWW
W.W. Grainger Stock Performance
Shares of GWW stock traded down $1.65 on Wednesday, hitting $1,021.00. 316,633 shares of the stock traded hands, compared to its average volume of 299,545. The company's fifty day moving average is $1,080.74 and its 200 day moving average is $1,072.69. 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 $49.72 billion, a PE 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 current ratio of 2.49 and a quick ratio of 1.49.
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 quarter in the prior year, the business posted $8.33 EPS. On average, equities research analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.
W.W. Grainger Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Monday, February 10th will be issued a $2.05 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a yield of 0.80%. W.W. Grainger's dividend payout ratio is currently 21.18%.
W.W. Grainger Company Profile
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Free Report)
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.
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