Passumpsic Savings Bank Sells 49 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Passumpsic Savings Bank lowered its position in W.W. Grainger, Inc. (NYSE:GWW) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,202 shares of the industrial products company’s stock after selling 49 shares during the period. Passumpsic Savings Bank’s holdings in W.W. Grainger were worth $2,321,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GHP Investment Advisors Inc. raised its stake in shares of W.W. Grainger by 250.0% in the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 20 shares during the last quarter. Iron Horse Wealth Management LLC increased its position in W.W. Grainger by 43.5% in the fourth 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 last quarter. AlphaMark Advisors LLC purchased a new stake in W.W. Grainger in the fourth quarter worth $37,000. Larson Financial Group LLC boosted its holdings in shares of W.W. Grainger by 111.1% in 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 period. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of W.W. Grainger in the fourth quarter worth $47,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GWW has been the subject of several research analyst reports. Northcoast Research initiated coverage on W.W. Grainger in a research note on Tuesday, October 29th. They set a “neutral” rating for the company. StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. 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 report on Tuesday, November 19th. JPMorgan Chase & Co. decreased 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 report on Monday, February 3rd. Finally, UBS Group assumed coverage on W.W. Grainger in a report on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price target on the stock. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, W.W. Grainger currently has an average rating of “Hold” and an average price target of $1,148.56.

W.W. Grainger Stock Performance

W.W. Grainger stock opened at $1,008.08 on Friday. The stock’s 50 day moving average is $1,072.84 and its 200 day moving average is $1,072.39. 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 company has a market capitalization of $49.09 billion, a P/E ratio of 26.04, a PEG ratio of 2.69 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 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 in the previous year, the company earned $8.33 EPS. On average, equities research analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

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 paid 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 0.81%. W.W. Grainger’s dividend payout ratio (DPR) is currently 21.18%.

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.