Frank Rimerman Advisors LLC Acquires 27 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Frank Rimerman Advisors LLC lifted its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 267 shares of the industrial products company’s stock after acquiring an additional 27 shares during the period. Frank Rimerman Advisors LLC’s holdings in W.W. Grainger were worth $281,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Avestar Capital LLC lifted its stake in W.W. Grainger by 2.0% in the third quarter. Avestar Capital LLC now owns 467 shares of the industrial products company’s stock worth $485,000 after purchasing an additional 9 shares during the last quarter. Busey Bank lifted its stake in W.W. Grainger by 1.5% in the fourth quarter. Busey Bank now owns 615 shares of the industrial products company’s stock worth $648,000 after purchasing an additional 9 shares during the last quarter. Angeles Wealth Management LLC lifted its stake in W.W. Grainger by 2.1% in the fourth quarter. Angeles Wealth Management LLC now owns 438 shares of the industrial products company’s stock worth $462,000 after purchasing an additional 9 shares during the last quarter. Iron Horse Wealth Management LLC lifted its stake 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 purchasing an additional 10 shares during the last quarter. Finally, Welch & Forbes LLC lifted its stake in W.W. Grainger by 2.1% in the fourth quarter. Welch & Forbes LLC now owns 481 shares of the industrial products company’s stock worth $507,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Analysts Set New Price Targets

GWW has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective 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. Royal Bank of Canada decreased their price target 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 note on Monday, February 3rd. Morgan Stanley lifted their price objective on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a report on Tuesday, November 19th. StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. Finally, William Blair upgraded shares of W.W. Grainger from a “market perform” rating to an “outperform” rating in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, W.W. Grainger currently has an average rating of “Hold” and an average target price of $1,151.50.

W.W. Grainger Trading Up 1.0 %

Shares of W.W. Grainger stock opened at $977.11 on Tuesday. The firm has a 50-day simple moving average of $1,045.32 and a two-hundred day simple moving average of $1,076.86. The company has a market cap of $47.11 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. W.W. Grainger, Inc. has a fifty-two week low of $874.98 and a fifty-two week high of $1,227.66. 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 earnings results 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 quarter in the previous year, the firm posted $8.33 EPS. As a group, equities 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 business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were paid a dividend of $2.05 per share. The ex-dividend date was Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.84%. W.W. Grainger’s dividend payout ratio 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.