Wealthspire Advisors LLC Boosts Stock Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Wealthspire Advisors LLC boosted its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 366 shares of the industrial products company’s stock after buying an additional 46 shares during the period. Wealthspire Advisors LLC’s holdings in W.W. Grainger were worth $386,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GWW. Swedbank AB boosted its holdings in shares of W.W. Grainger by 23.5% during the 3rd quarter. Swedbank AB now owns 193,888 shares of the industrial products company’s stock worth $201,413,000 after purchasing an additional 36,892 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of W.W. Grainger by 10.1% during the 3rd quarter. Private Advisor Group LLC now owns 1,491 shares of the industrial products company’s stock worth $1,549,000 after purchasing an additional 137 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of W.W. Grainger by 19.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 644 shares of the industrial products company’s stock worth $669,000 after purchasing an additional 103 shares during the last quarter. PFG Investments LLC boosted its holdings in shares of W.W. Grainger by 32.7% during the 3rd quarter. PFG Investments LLC now owns 454 shares of the industrial products company’s stock worth $472,000 after purchasing an additional 112 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of W.W. Grainger during the 3rd quarter worth approximately $222,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

W.W. Grainger Stock Up 0.4 %

NYSE:GWW opened at $1,007.59 on Thursday. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average is $1,065.99 and its two-hundred day moving average is $1,073.98. 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 market capitalization of $48.58 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 2.70 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last released its quarterly 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 period last year, the firm earned $8.33 EPS. Research analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Monday, February 10th will be given a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Monday, February 10th. W.W. Grainger’s dividend payout ratio is currently 21.18%.

Analyst Ratings Changes

GWW has been the topic of several recent research reports. Royal Bank of Canada lowered 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. Morgan Stanley upped their price objective on W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. decreased 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 report on Monday, February 3rd. UBS Group started coverage on W.W. Grainger in a report on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price objective on the stock. Finally, StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, W.W. Grainger currently has a consensus rating of “Hold” and an average price target of $1,148.56.

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.