Redmond Asset Management LLC Invests $406,000 in W.W. Grainger, Inc. (NYSE:GWW)

Redmond Asset Management LLC bought a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 385 shares of the industrial products company’s stock, valued at approximately $406,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. GHP Investment Advisors Inc. increased its holdings in shares of W.W. Grainger by 250.0% in the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock valued at $29,000 after buying an additional 20 shares in the last quarter. Iron Horse Wealth Management LLC grew its holdings in shares of W.W. Grainger by 43.5% in the 4th quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company’s stock worth $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 during the fourth quarter worth $37,000. Larson Financial Group LLC lifted its holdings in shares of 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 purchasing an additional 20 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of W.W. Grainger in the 4th quarter valued at $47,000. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Trading Down 1.6 %

NYSE GWW opened at $1,008.08 on Friday. The company has a market capitalization of $49.09 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 2.70 and a beta of 1.17. W.W. Grainger, Inc. has a 1-year low of $874.98 and a 1-year high of $1,227.66. 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 fifty day simple moving average is $1,072.84 and its 200-day simple moving average is $1,073.23.

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 the consensus estimate of $9.75 by ($0.04). W.W. Grainger had a net margin of 11.12% and a return on equity of 52.43%. During the same period last year, the business earned $8.33 EPS. As a group, sell-side analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The firm 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 dividend payout ratio (DPR) is 21.18%.

Wall Street Analyst Weigh In

Several research firms have issued reports on GWW. StockNews.com downgraded W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. cut 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 report on Monday, February 3rd. Northcoast Research began coverage on shares of W.W. Grainger in a research note on Tuesday, October 29th. They issued a “neutral” rating for the company. Royal Bank of Canada lowered their price objective on shares of W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating on the stock in a research report on Monday, February 3rd. Finally, UBS Group started coverage on W.W. Grainger in a report on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, W.W. Grainger presently has an average rating of “Hold” and an average 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.