Focus Financial Network Inc. Sells 40 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Focus Financial Network Inc. decreased its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 14.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 233 shares of the industrial products company’s stock after selling 40 shares during the period. Focus Financial Network Inc.’s holdings in W.W. Grainger were worth $246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GWW. GHP Investment Advisors Inc. grew its holdings in shares of W.W. Grainger by 250.0% during the 3rd 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 period. Iron Horse Wealth Management LLC grew 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 period. AlphaMark Advisors LLC bought a new position in W.W. Grainger in the fourth quarter worth $37,000. Larson Financial Group LLC lifted its position 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 valued at $40,000 after buying an additional 20 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of W.W. Grainger during the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Trading Down 0.0 %

Shares of GWW stock opened at $1,027.68 on Friday. The stock has a market capitalization of $50.05 billion, a P/E ratio of 26.55, a P/E/G ratio of 2.75 and a beta of 1.17. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $1,086.13 and its 200 day moving average is $1,070.21. W.W. Grainger, Inc. has a 12-month low of $874.98 and a 12-month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data 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 return on equity of 52.43% and a net margin of 11.12%. During the same period in the prior year, the business posted $8.33 earnings per share. Research analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Monday, February 10th will be given a dividend of $2.05 per share. The ex-dividend date is Monday, February 10th. This represents a $8.20 annualized dividend and a yield of 0.80%. W.W. Grainger’s dividend payout ratio (DPR) is 21.18%.

Wall Street Analysts Forecast Growth

GWW has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price target 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 report on Monday, February 3rd. StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. Loop Capital raised their price objective on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Royal Bank of Canada dropped their target price on 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. Finally, Morgan Stanley lifted their price target on W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company 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.