W.W. Grainger, Inc. (NYSE:GWW) Stock Position Reduced by 1858 Wealth Management LLC

1858 Wealth Management LLC trimmed its position in W.W. Grainger, Inc. (NYSE:GWW) by 6.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 470 shares of the industrial products company’s stock after selling 31 shares during the period. 1858 Wealth Management LLC’s holdings in W.W. Grainger were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Avestar Capital LLC increased its stake in 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 purchasing an additional 9 shares during the last quarter. Busey Bank boosted its holdings in shares of W.W. Grainger by 1.5% in the 4th quarter. Busey Bank now owns 615 shares of the industrial products company’s stock valued at $648,000 after buying an additional 9 shares during the period. CX Institutional boosted its holdings in shares of W.W. Grainger by 0.9% in the 3rd quarter. CX Institutional now owns 1,191 shares of the industrial products company’s stock valued at $1,237,000 after buying an additional 11 shares during the period. Virtue Capital Management LLC grew its position in shares of W.W. Grainger by 5.2% during the 3rd quarter. Virtue Capital Management LLC now owns 223 shares of the industrial products company’s stock valued at $232,000 after buying an additional 11 shares during the last quarter. Finally, Resonant Capital Advisors LLC raised its stake in W.W. Grainger by 4.8% during the fourth quarter. Resonant Capital Advisors LLC now owns 238 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 11 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Stock Down 0.4 %

W.W. Grainger stock opened at $1,042.87 on Wednesday. The company’s 50-day moving average price is $1,111.73 and its two-hundred day moving average price is $1,067.22. The stock has a market cap of $50.79 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.73 and a beta of 1.17. 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 current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data 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 net margin of 11.12% and a return on equity of 52.43%. During the same quarter last year, the business posted $8.33 EPS. On average, analysts expect that W.W. Grainger, Inc. will post 41.91 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Monday, February 10th will be issued a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Monday, February 10th. W.W. Grainger’s payout ratio is currently 21.18%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating for the company in a report on Monday. UBS Group assumed coverage on W.W. Grainger in a research note on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price objective for the company. Royal Bank of Canada cut 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 research note on Monday. Loop Capital upped their price target on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Finally, Robert W. Baird upgraded shares of W.W. Grainger from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $975.00 to $1,230.00 in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, W.W. Grainger presently has a consensus rating of “Hold” and an average target price of $1,148.56.

Insiders Place Their Bets

In other W.W. Grainger news, VP Laurie R. Thomson sold 125 shares of W.W. Grainger stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total value of $150,753.75. Following the transaction, the vice president now owns 675 shares in the company, valued at approximately $814,070.25. The trade was a 15.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.50% of the stock is owned by company insiders.

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.