Marks Group Wealth Management Inc Sells 418 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Marks Group Wealth Management Inc reduced its stake in W.W. Grainger, Inc. (NYSE:GWW) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,885 shares of the industrial products company’s stock after selling 418 shares during the quarter. W.W. Grainger comprises 0.9% of Marks Group Wealth Management Inc’s holdings, making the stock its 27th largest position. Marks Group Wealth Management Inc’s holdings in W.W. Grainger were worth $9,366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of GWW. GHP Investment Advisors Inc. grew its position in shares of W.W. Grainger by 250.0% in the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 20 shares during the last quarter. Iron Horse Wealth Management LLC boosted its stake in 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 valued at $35,000 after purchasing an additional 10 shares during the period. AlphaMark Advisors LLC acquired a new position in W.W. Grainger in the 4th quarter valued at $37,000. Larson Financial Group LLC increased its position in 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 buying an additional 20 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of W.W. Grainger during the fourth quarter worth $47,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GWW shares. Oppenheimer downgraded shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 17th. Morgan Stanley increased 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. 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 target price on the stock. StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, Baird R W raised W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, W.W. Grainger has an average rating of “Hold” and a consensus price target of $1,148.56.

W.W. Grainger Trading Up 0.8 %

Shares of GWW opened at $1,046.62 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49. W.W. Grainger, Inc. has a 52-week low of $874.98 and a 52-week high of $1,227.66. The firm has a market cap of $50.97 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 2.75 and a beta of 1.17. The business’s fifty day moving average is $1,095.78 and its 200-day moving average is $1,070.37.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 earnings per share 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 period last year, the business earned $8.33 earnings per share. Equities analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors 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 yield of 0.78%. The ex-dividend date of this dividend is Monday, February 10th. W.W. Grainger’s dividend payout ratio is 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.