Sagespring Wealth Partners LLC Invests $390,000 in W.W. Grainger, Inc. (NYSE:GWW)

Sagespring Wealth Partners LLC acquired a new stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 370 shares of the industrial products company's stock, valued at approximately $390,000.

A number of other hedge funds have also modified their holdings of the stock. Cyrus J. Lawrence LLC acquired a new position in W.W. Grainger during the fourth quarter worth $31,000. Iron Horse Wealth Management LLC lifted its holdings 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 valued at $35,000 after purchasing an additional 10 shares during the last quarter. AlphaMark Advisors LLC acquired a new position in W.W. Grainger in the fourth quarter valued at about $37,000. OFI Invest Asset Management bought a new stake in W.W. Grainger during the fourth quarter worth about $42,000. Finally, Atala Financial Inc acquired a new stake in shares of W.W. Grainger during the fourth quarter worth approximately $43,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other W.W. Grainger news, CFO Deidra C. Merriwether sold 1,164 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $997.12, for a total value of $1,160,647.68. Following the transaction, the chief financial officer now directly owns 10,235 shares in the company, valued at $10,205,523.20. The trade was a 10.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GWW shares. JPMorgan Chase & Co. decreased 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 research report on Monday, February 3rd. William Blair raised W.W. Grainger from a "market perform" rating to an "outperform" rating in a report on Monday, March 10th. Wolfe Research lowered shares of W.W. Grainger from a "peer perform" rating to an "underperform" rating and set a $966.00 price objective on the stock. in a report on Thursday, April 3rd. Finally, Royal Bank of Canada dropped their target price 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 research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $1,130.89.

W.W. Grainger Stock Down 2.1 %

Shares of W.W. Grainger stock traded down $20.65 during trading on Monday, reaching $982.05. The stock had a trading volume of 51,546 shares, compared to its average volume of 253,947. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $47.35 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 2.70 and a beta of 1.20. W.W. Grainger, Inc. has a 52 week low of $874.98 and a 52 week high of $1,227.66. The stock has a fifty day moving average price of $988.83 and a two-hundred day moving average price of $1,070.98.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted its quarterly earnings data 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 quarter last year, the company earned $8.33 earnings per share. Sell-side analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were paid a dividend of $2.05 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $8.20 annualized dividend and a dividend yield of 0.83%. W.W. Grainger's dividend payout ratio is presently 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.