W.W. Grainger, Inc. (NYSE:GWW) Shares Purchased by Sunpointe LLC

Sunpointe LLC grew its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 476 shares of the industrial products company’s stock after purchasing an additional 26 shares during the period. Sunpointe LLC’s holdings in W.W. Grainger were worth $502,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. GHP Investment Advisors Inc. boosted its position in 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 worth $29,000 after acquiring an additional 20 shares during the last quarter. Iron Horse Wealth Management LLC increased its stake 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 valued at $35,000 after acquiring an additional 10 shares during the last quarter. AlphaMark Advisors LLC acquired a new position in W.W. Grainger during the fourth quarter worth approximately $37,000. Larson Financial Group LLC increased its stake in W.W. Grainger by 111.1% during the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 20 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in W.W. Grainger in the fourth quarter valued at approximately $47,000. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Stock Down 0.2 %

Shares of W.W. Grainger stock opened at $1,021.00 on Thursday. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $1,078.03 and a 200 day moving average price of $1,072.33. W.W. Grainger, Inc. has a fifty-two week low of $874.98 and a fifty-two week high of $1,227.66. The firm has a market cap of $49.72 billion, a P/E ratio of 26.38, a P/E/G ratio of 2.71 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last issued its quarterly 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 net margin of 11.12% and a return on equity of 52.43%. During the same period in the prior year, the company earned $8.33 earnings per share. On average, sell-side analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The firm 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 $2.05 dividend. The ex-dividend date 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 payout ratio is currently 21.18%.

Analyst Upgrades and Downgrades

GWW has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. Royal Bank of Canada cut their price objective on shares of W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating on the stock in a report on Monday, February 3rd. Northcoast Research assumed coverage on W.W. Grainger in a research report on Tuesday, October 29th. They set a “neutral” rating on the stock. Finally, UBS Group started 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 given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, W.W. Grainger currently has a consensus rating of “Hold” and a consensus 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.