Hemington Wealth Management Has $1.19 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Hemington Wealth Management lessened its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,129 shares of the industrial products company’s stock after selling 54 shares during the quarter. Hemington Wealth Management’s holdings in W.W. Grainger were worth $1,190,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. GHP Investment Advisors Inc. lifted its position in shares of W.W. Grainger by 250.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock worth $29,000 after buying an additional 20 shares during the period. Iron Horse Wealth Management LLC lifted its position 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 buying an additional 10 shares during the period. AlphaMark Advisors LLC bought a new position in shares of W.W. Grainger during the 4th quarter worth approximately $37,000. Larson Financial Group LLC lifted its position 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 buying an additional 20 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of W.W. Grainger during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Stock Down 1.8 %

NYSE GWW opened at $1,027.47 on Thursday. The stock has a fifty day moving average of $1,092.48 and a 200-day moving average of $1,070.07. The stock has a market capitalization of $50.04 billion, a P/E ratio of 26.54, a price-to-earnings-growth ratio of 2.75 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 debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49.

W.W. Grainger (NYSE:GWW) last released its earnings results 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 period last year, the firm earned $8.33 earnings per share. On average, equities research analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current 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 paid a dividend of $2.05 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.80%. W.W. Grainger’s dividend payout ratio (DPR) is presently 21.18%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Baird R W upgraded W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. cut 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 research report on Monday, February 3rd. UBS Group began coverage on W.W. Grainger in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price objective for the company. Robert W. Baird upgraded 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. Finally, Loop Capital lifted their price objective on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1,148.56.

About W.W. Grainger

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.