Independent Advisor Alliance boosted its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 47.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,521 shares of the industrial products company's stock after acquiring an additional 491 shares during the period. Independent Advisor Alliance's holdings in W.W. Grainger were worth $1,604,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Swedbank AB raised its position in W.W. Grainger by 23.5% during the 3rd quarter. Swedbank AB now owns 193,888 shares of the industrial products company's stock valued at $201,413,000 after purchasing an additional 36,892 shares during the last quarter. Assetmark Inc. raised its holdings in shares of W.W. Grainger by 225.0% during the third quarter. Assetmark Inc. now owns 78 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 54 shares in the last quarter. Versor Investments LP purchased a new stake in W.W. Grainger in the third quarter worth $362,000. Entropy Technologies LP bought a new stake in W.W. Grainger in the third quarter valued at $717,000. Finally, Aptus Capital Advisors LLC purchased a new position in W.W. Grainger during the 3rd quarter valued at $284,000. Hedge funds and other institutional investors own 80.70% of the company's stock.
W.W. Grainger Stock Down 0.3 %
W.W. Grainger stock traded down $3.29 during mid-day trading on Tuesday, hitting $974.12. The company had a trading volume of 205,821 shares, compared to its average volume of 235,359. 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 market capitalization of $46.97 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. The stock's 50 day moving average price is $1,045.32 and its two-hundred day moving average price is $1,076.86. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62.
W.W. Grainger (NYSE:GWW - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 EPS 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 previous year, the company earned $8.33 EPS. As a group, sell-side analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.
W.W. Grainger Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were issued a $2.05 dividend. The ex-dividend date was Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a yield of 0.84%. W.W. Grainger's payout ratio is currently 21.18%.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. Morgan Stanley raised their target price 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. JPMorgan Chase & Co. cut their price objective 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 research report on Monday, March 10th. StockNews.com lowered W.W. Grainger from a "buy" rating to a "hold" rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada decreased their price objective on 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $1,151.50.
View Our Latest Stock Analysis on W.W. Grainger
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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