Kestra Private Wealth Services LLC Increases Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Kestra Private Wealth Services LLC boosted its holdings in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,726 shares of the industrial products company's stock after purchasing an additional 473 shares during the quarter. Kestra Private Wealth Services LLC's holdings in W.W. Grainger were worth $4,981,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GWW. Avestar Capital LLC boosted its position in shares of W.W. Grainger by 2.0% during the third quarter. Avestar Capital LLC now owns 467 shares of the industrial products company's stock valued at $485,000 after buying an additional 9 shares during the last quarter. Busey Bank raised its stake in shares of W.W. Grainger by 1.5% during the 4th quarter. Busey Bank now owns 615 shares of the industrial products company's stock valued at $648,000 after purchasing an additional 9 shares during the period. Iron Horse Wealth Management LLC raised its stake in shares of 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 period. CX Institutional grew its position in W.W. Grainger by 0.9% during the third quarter. CX Institutional now owns 1,191 shares of the industrial products company's stock worth $1,237,000 after buying an additional 11 shares in the last quarter. Finally, Virtue Capital Management LLC grew its position in W.W. Grainger by 5.2% during the third quarter. Virtue Capital Management LLC now owns 223 shares of the industrial products company's stock worth $232,000 after buying an additional 11 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GWW. JPMorgan Chase & Co. reduced 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. Northcoast Research began coverage on W.W. Grainger in a research report on Tuesday, October 29th. They set a "neutral" rating on the stock. UBS Group began coverage on W.W. Grainger in a report on Wednesday, November 13th. They issued a "neutral" rating and a $1,280.00 price objective for the company. 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 for the company in a report on Monday, February 3rd. Finally, Oppenheimer cut W.W. Grainger from an "outperform" rating to a "market perform" rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $1,148.56.

W.W. Grainger Stock Down 0.0 %

Shares of W.W. Grainger stock traded down $0.15 on Friday, reaching $1,027.68. The company's stock had a trading volume of 299,201 shares, compared to its average volume of 296,383. The company has a market capitalization of $50.05 billion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 2.75 and a beta of 1.17. The firm's fifty day simple moving average is $1,086.13 and its two-hundred day simple moving average is $1,070.21. W.W. Grainger, Inc. has a 52 week low of $874.98 and a 52 week high of $1,227.66. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued 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 return on equity of 52.43% and a net margin of 11.12%. During the same period in the prior year, the business posted $8.33 earnings per share. Equities analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Monday, February 10th will be issued a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Monday, February 10th. W.W. Grainger's payout ratio is currently 21.18%.

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.