ZEGA Investments LLC Invests $861,000 in W.W. Grainger, Inc. (NYSE:GWW)

ZEGA Investments LLC purchased a new stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 768 shares of the industrial products company's stock, valued at approximately $861,000.

Other large investors also recently made changes to their positions in the company. Iron Horse Wealth Management LLC raised its holdings in shares of W.W. Grainger by 43.5% in the 4th quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company's stock worth $35,000 after purchasing an additional 10 shares in the last quarter. AlphaMark Advisors LLC acquired a new position in W.W. Grainger in the fourth quarter worth approximately $37,000. Larson Financial Group LLC increased its holdings in shares of 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 buying an additional 20 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of W.W. Grainger during the 4th quarter valued at $42,000. Finally, Atala Financial Inc acquired a new stake in shares of W.W. Grainger during the fourth quarter worth $43,000. Institutional investors own 80.70% of the company's stock.

W.W. Grainger Stock Down 0.3 %

NYSE GWW traded down $2.65 during trading on Wednesday, reaching $987.55. The company's stock had a trading volume of 158,461 shares, compared to its average volume of 236,260. 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 stock has a market capitalization of $47.62 billion, a PE ratio of 25.51, a PEG ratio of 2.70 and a beta of 1.18. W.W. Grainger, Inc. has a 1-year low of $874.98 and a 1-year high of $1,227.66. The business has a 50-day moving average price of $1,034.72 and a 200-day moving average price of $1,077.68.

Remove Ads

W.W. Grainger (NYSE:GWW - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 earnings per share (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 last year, the business posted $8.33 earnings per share. On average, research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently declared 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 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 (DPR) is presently 21.18%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GWW shares. Royal Bank of Canada reduced their target price 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. JPMorgan Chase & Co. decreased their price objective on W.W. Grainger from $1,125.00 to $1,100.00 and set a "neutral" rating for the company 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 note on Monday, March 10th. Finally, StockNews.com lowered shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $1,151.50.

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.