Heritage Oak Wealth Advisors LLC Makes New $213,000 Investment in W.W. Grainger, Inc. (NYSE:GWW)

Heritage Oak Wealth Advisors LLC purchased a new stake in W.W. Grainger, Inc. (NYSE:GWW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 202 shares of the industrial products company’s stock, valued at approximately $213,000.

A number of other institutional investors also recently modified their holdings of the business. Iron Horse Wealth Management LLC grew 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 valued at $35,000 after acquiring an additional 10 shares during the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of W.W. Grainger in the 4th quarter valued at approximately $37,000. Larson Financial Group LLC grew its holdings in shares of W.W. Grainger by 111.1% during the 3rd quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 20 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in W.W. Grainger during the 4th quarter worth approximately $47,000. Finally, Fortitude Family Office LLC lifted its stake in W.W. Grainger by 38.9% in the 3rd quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 14 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Stock Up 0.4 %

GWW stock opened at $1,007.59 on Thursday. W.W. Grainger, Inc. has a 1-year low of $874.98 and a 1-year high of $1,227.66. The stock has a market cap of $48.58 billion, a P/E ratio of 26.03, a P/E/G ratio of 2.70 and a beta of 1.17. The stock’s fifty day simple moving average is $1,065.99 and its two-hundred day simple moving average is $1,073.98. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data 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 posted $8.33 EPS. Analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current 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 dividend of $2.05 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $8.20 annualized dividend and a dividend yield of 0.81%. W.W. Grainger’s payout ratio is 21.18%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group initiated 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 target price on the stock. Morgan Stanley upped their target price 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. StockNews.com downgraded W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 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 for the company in a report on Monday, February 3rd. Finally, Royal Bank of Canada decreased their price target on 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,148.56.

About W.W. Grainger

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.