Global Retirement Partners LLC Has $1.01 Million Position in W.W. Grainger, Inc. (NYSE:GWW)

Global Retirement Partners LLC lessened its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 48.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 961 shares of the industrial products company’s stock after selling 895 shares during the period. Global Retirement Partners LLC’s holdings in W.W. Grainger were worth $1,012,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GWW. Atlas Legacy Advisors LLC acquired a new position in W.W. Grainger during the 4th quarter worth $1,220,000. Bank of Jackson Hole Trust acquired a new stake in W.W. Grainger in the 4th quarter valued at approximately $174,000. Kentucky Retirement Systems Insurance Trust Fund increased its position in W.W. Grainger by 66.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,188 shares of the industrial products company’s stock worth $2,306,000 after buying an additional 872 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in W.W. Grainger in the 4th quarter worth approximately $6,427,000. Finally, BKM Wealth Management LLC boosted its position in shares of W.W. Grainger by 1.3% in the fourth quarter. BKM Wealth Management LLC now owns 1,467 shares of the industrial products company’s stock valued at $1,546,000 after acquiring an additional 19 shares during the period. 80.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GWW has been the subject of several research reports. Northcoast Research started coverage on shares of W.W. Grainger in a research note on Tuesday, October 29th. They issued a “neutral” rating for the company. 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. Royal Bank of Canada cut their target price 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. JPMorgan Chase & Co. decreased their price target on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, W.W. Grainger presently has a consensus rating of “Hold” and an average price target of $1,148.56.

W.W. Grainger Stock Down 1.6 %

Shares of NYSE GWW opened at $1,008.08 on Friday. 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 has a market capitalization of $49.09 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 2.69 and a beta of 1.17. The firm’s 50-day moving average is $1,072.84 and its 200-day moving average is $1,072.39. W.W. Grainger, Inc. has a 1 year low of $874.98 and a 1 year high of $1,227.66.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 earnings per share 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 quarter in the prior year, the business posted $8.33 EPS. Equities analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Monday, February 10th will be issued 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 yield of 0.81%. W.W. Grainger’s dividend payout ratio is presently 21.18%.

W.W. Grainger 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.