Legacy Capital Wealth Partners LLC Sells 131 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Legacy Capital Wealth Partners LLC reduced its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 11.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,029 shares of the industrial products company’s stock after selling 131 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in W.W. Grainger were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning lifted its stake in shares of W.W. Grainger by 13.8% in the third quarter. Creative Planning now owns 11,560 shares of the industrial products company’s stock worth $11,491,000 after acquiring an additional 1,405 shares during the period. Swedbank AB lifted its stake in shares of W.W. Grainger by 23.5% in the third quarter. Swedbank AB now owns 193,888 shares of the industrial products company’s stock worth $201,413,000 after acquiring an additional 36,892 shares during the period. Good Life Advisors LLC acquired a new position in shares of W.W. Grainger in the third quarter worth approximately $374,000. Global Retirement Partners LLC lifted its stake in shares of W.W. Grainger by 1.7% in the third quarter. Global Retirement Partners LLC now owns 1,856 shares of the industrial products company’s stock worth $1,928,000 after acquiring an additional 31 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of W.W. Grainger by 7.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,676 shares of the industrial products company’s stock worth $4,857,000 after acquiring an additional 331 shares during the period. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Price Performance

Shares of NYSE:GWW opened at $1,027.68 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62. W.W. Grainger, Inc. has a twelve month low of $874.98 and a twelve month high of $1,227.66. The stock’s 50 day moving average is $1,086.13 and its 200-day moving average is $1,070.93. The firm has a market capitalization of $50.05 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.75 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share 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 business earned $8.33 EPS. Sell-side analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The company also recently announced 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 of this dividend is Monday, February 10th. W.W. Grainger’s payout ratio is 21.18%.

Analyst Ratings Changes

A number of equities analysts recently commented on GWW shares. Loop Capital lifted their price objective on W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Morgan Stanley lifted their price objective on 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. Northcoast Research initiated coverage on W.W. Grainger in a research note on Tuesday, October 29th. They issued a “neutral” rating on the stock. StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, UBS Group initiated coverage on W.W. Grainger in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, W.W. Grainger presently has an average rating of “Hold” and a consensus 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.