W.W. Grainger, Inc. (NYSE:GWW) is SRN Advisors LLC’s 8th Largest Position

SRN Advisors LLC cut its stake in W.W. Grainger, Inc. (NYSE:GWW) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,599 shares of the industrial products company’s stock after selling 42 shares during the quarter. W.W. Grainger comprises about 1.5% of SRN Advisors LLC’s portfolio, making the stock its 8th biggest position. SRN Advisors LLC’s holdings in W.W. Grainger were worth $1,685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in GWW. Whipplewood Advisors LLC purchased a new position in shares of W.W. Grainger in the 4th quarter worth approximately $142,000. Oregon Public Employees Retirement Fund increased its position in shares of W.W. Grainger by 1.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,808 shares of the industrial products company’s stock worth $4,014,000 after purchasing an additional 50 shares in the last quarter. Advisor OS LLC lifted its holdings in shares of W.W. Grainger by 32.3% during the 4th quarter. Advisor OS LLC now owns 287 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 70 shares during the last quarter. Cavalier Investments LLC boosted its position in shares of W.W. Grainger by 3.6% in the 4th quarter. Cavalier Investments LLC now owns 2,753 shares of the industrial products company’s stock worth $2,902,000 after purchasing an additional 96 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in W.W. Grainger by 5.5% during the 4th quarter. Illinois Municipal Retirement Fund now owns 21,026 shares of the industrial products company’s stock worth $22,162,000 after buying an additional 1,100 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

W.W. Grainger Stock Up 0.4 %

Shares of GWW opened at $1,007.59 on Thursday. The company has a market capitalization of $48.58 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.70 and a beta of 1.17. W.W. Grainger, Inc. has a 52 week low of $874.98 and a 52 week high of $1,227.66. The stock’s 50-day moving average price is $1,065.99 and its 200-day moving average price is $1,073.98. 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 (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 return on equity of 52.43% and a net margin of 11.12%. During the same quarter in the previous year, the company earned $8.33 EPS. On average, sell-side analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The firm also recently declared 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 0.81%. W.W. Grainger’s payout ratio is 21.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GWW shares. StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. lowered their target price on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. UBS Group assumed coverage on shares of W.W. Grainger in a research note on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price target on the stock. Morgan Stanley raised their target price 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. Finally, Royal Bank of Canada dropped their price target on W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating on the stock in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, W.W. Grainger presently has a consensus rating of “Hold” and a consensus price target 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.