320 Shares in W.W. Grainger, Inc. (NYSE:GWW) Purchased by PUREfi Wealth LLC

PUREfi Wealth LLC acquired a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW) in the fourth quarter, Holdings Channel reports. The fund acquired 320 shares of the industrial products company’s stock, valued at approximately $337,000.

A number of other hedge funds also recently bought and sold shares of the company. GHP Investment Advisors Inc. raised its holdings in shares of W.W. Grainger by 250.0% during the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 20 shares during the period. 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 worth $35,000 after purchasing an additional 10 shares during the period. AlphaMark Advisors LLC purchased a new position in W.W. Grainger during the 4th quarter worth approximately $37,000. Larson Financial Group LLC raised its stake 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 valued at $40,000 after purchasing an additional 20 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of W.W. Grainger in the fourth quarter valued at $47,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

W.W. Grainger Trading Down 0.0 %

NYSE:GWW opened at $1,027.68 on Friday. The stock’s 50 day moving average price is $1,086.13 and its 200 day moving average price is $1,070.21. 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 market capitalization of $50.05 billion, a P/E ratio of 26.55, a P/E/G ratio of 2.75 and a beta of 1.17. 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 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 return on equity of 52.43% and a net margin of 11.12%. During the same period last year, the company posted $8.33 earnings per share. On average, research analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Monday, February 10th will be issued a $2.05 dividend. The ex-dividend date is Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a yield of 0.80%. W.W. Grainger’s dividend payout ratio is currently 21.18%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. dropped their target price on 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. Northcoast Research started coverage on shares of W.W. Grainger in a report on Tuesday, October 29th. They set a “neutral” rating for the company. Loop Capital boosted their price objective on shares of 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. Finally, Royal Bank of Canada cut their target price 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 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 issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $1,148.56.

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.