US Bancorp DE cut its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,233 shares of the industrial products company's stock after selling 780 shares during the period. US Bancorp DE owned about 0.11% of W.W. Grainger worth $58,219,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Iron Horse Wealth Management LLC raised its stake in W.W. Grainger by 43.5% during the fourth 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 bought a new stake in shares of W.W. Grainger in the 4th quarter worth about $37,000. Larson Financial Group LLC increased its position in shares of W.W. Grainger by 111.1% during the 3rd quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company's stock worth $40,000 after purchasing an additional 20 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in W.W. Grainger during the 4th quarter valued at about $47,000. Finally, Ashton Thomas Securities LLC acquired a new position in W.W. Grainger in the third quarter valued at about $75,000. Institutional investors own 80.70% of the company's stock.
W.W. Grainger Trading Down 0.4 %
Shares of NYSE:GWW traded down $3.59 during trading on Wednesday, hitting $985.19. 393,296 shares of the company's stock were exchanged, compared to its average volume of 232,560. 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 firm has a market cap of $47.50 billion, a P/E ratio of 25.45, a PEG ratio of 2.70 and a beta of 1.17. The firm has a 50-day moving average price of $1,059.45 and a two-hundred day moving average price of $1,076.06. W.W. Grainger, Inc. has a 1-year low of $874.98 and a 1-year high of $1,227.66.
W.W. Grainger (NYSE:GWW - Get Free Report) last released its earnings results on Friday, January 31st. The industrial products company reported $9.71 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 business posted $8.33 EPS. Equities analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.
W.W. Grainger Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were issued a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Monday, February 10th. W.W. Grainger's dividend payout ratio (DPR) is currently 21.18%.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on GWW shares. UBS Group began coverage on shares of W.W. Grainger in a report on Wednesday, November 13th. They set a "neutral" rating and a $1,280.00 price objective for the company. StockNews.com downgraded W.W. Grainger from a "buy" rating to a "hold" rating in a research report on Thursday, December 19th. Royal Bank of Canada decreased their target price 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. JPMorgan Chase & Co. lowered their target price on W.W. Grainger from $1,125.00 to $1,100.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Finally, Morgan Stanley upped their price target on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, W.W. Grainger presently has an average rating of "Hold" and a consensus price target of $1,148.56.
View Our Latest Stock Report on GWW
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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