Bey Douglas LLC Sells 30 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Bey Douglas LLC decreased its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,992 shares of the industrial products company’s stock after selling 30 shares during the period. W.W. Grainger accounts for about 3.6% of Bey Douglas LLC’s investment portfolio, making the stock its 14th largest position. Bey Douglas LLC’s holdings in W.W. Grainger were worth $4,207,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GWW. State Street Corp grew its holdings in W.W. Grainger by 2.3% during the 3rd quarter. State Street Corp now owns 1,997,191 shares of the industrial products company’s stock valued at $2,074,702,000 after buying an additional 45,369 shares in the last quarter. FMR LLC grew its holdings in shares of W.W. Grainger by 2.6% in the third quarter. FMR LLC now owns 1,617,149 shares of the industrial products company’s stock valued at $1,679,911,000 after purchasing an additional 40,992 shares in the last quarter. Geode Capital Management LLC increased its position in W.W. Grainger by 2.5% in the third quarter. Geode Capital Management LLC now owns 1,167,031 shares of the industrial products company’s stock worth $1,208,610,000 after purchasing an additional 28,626 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in W.W. Grainger by 8.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 546,960 shares of the industrial products company’s stock valued at $568,188,000 after purchasing an additional 42,866 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in W.W. Grainger by 4.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 324,367 shares of the industrial products company’s stock valued at $336,956,000 after purchasing an additional 12,805 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Price Performance

W.W. Grainger stock opened at $1,028.34 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.49 and a quick ratio of 1.49. The stock has a market cap of $50.08 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 2.75 and a beta of 1.17. The firm has a 50-day moving average of $1,089.28 and a two-hundred day moving average of $1,069.78. W.W. Grainger, Inc. has a 1 year low of $874.98 and a 1 year high of $1,227.66.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share (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 period in the previous year, the business posted $8.33 earnings per share. On average, research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The company also recently declared 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 0.80%. The ex-dividend date is Monday, February 10th. W.W. Grainger’s payout ratio is 21.18%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GWW shares. JPMorgan Chase & Co. reduced their target price on shares of 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 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 on the stock. Northcoast Research initiated coverage on W.W. Grainger in a research note on Tuesday, October 29th. They issued a “neutral” rating for the company. StockNews.com downgraded W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada lowered their price target on W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $1,148.56.

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.