Keybank National Association OH Trims Stake in W.W. Grainger, Inc. (NYSE:GWW)

Keybank National Association OH reduced its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 5.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,372 shares of the industrial products company’s stock after selling 490 shares during the period. Keybank National Association OH’s holdings in W.W. Grainger were worth $8,825,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GWW. Iron Horse Wealth Management LLC lifted its holdings 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 worth $35,000 after acquiring an additional 10 shares during the last quarter. AlphaMark Advisors LLC bought a new stake in shares of W.W. Grainger during the 4th quarter worth $37,000. Larson Financial Group LLC lifted its holdings in shares of 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 acquiring an additional 20 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of W.W. Grainger during the 4th quarter worth $47,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of W.W. Grainger during the 3rd quarter worth $75,000. 80.70% of the stock is owned by institutional investors.

W.W. Grainger Stock Performance

Shares of NYSE:GWW opened at $985.19 on Thursday. The company has a market cap of $47.50 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 2.70 and a beta of 1.17. The company has a 50-day moving average price of $1,059.45 and a 200-day moving average price of $1,076.06. 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, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66.

W.W. Grainger (NYSE:GWW) 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 net margin of 11.12% and a return on equity of 52.43%. During the same quarter in the prior year, the company earned $8.33 EPS. As a group, equities analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were given a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Monday, February 10th. W.W. Grainger’s dividend payout ratio is currently 21.18%.

Analyst Upgrades and Downgrades

GWW has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price objective on shares of 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. Morgan Stanley boosted their price target on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. lowered their price target on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. UBS Group assumed coverage on shares of W.W. Grainger in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price target for the company. Finally, StockNews.com downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, W.W. Grainger presently 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.