Commonwealth Equity Services LLC Sells 153 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Commonwealth Equity Services LLC reduced its stake in W.W. Grainger, Inc. (NYSE:GWW) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,568 shares of the industrial products company’s stock after selling 153 shares during the quarter. Commonwealth Equity Services LLC’s holdings in W.W. Grainger were worth $11,139,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GWW. Iron Horse Wealth Management LLC lifted its position in 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 valued at $35,000 after acquiring an additional 10 shares in the last quarter. AlphaMark Advisors LLC bought a new stake in W.W. Grainger during the 4th quarter worth about $37,000. Larson Financial Group LLC lifted its position in 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 worth $40,000 after buying an additional 20 shares in the last quarter. OFI Invest Asset Management bought a new stake in W.W. Grainger during the 4th quarter worth about $42,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in W.W. Grainger during the 4th quarter worth about $47,000. 80.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on GWW. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research 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 research report on Monday, February 3rd. Royal Bank of Canada cut their price target 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. William Blair raised shares of W.W. Grainger from a “market perform” rating to an “outperform” rating in a research report on Monday, March 10th. Finally, Morgan Stanley boosted their price target on shares of 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 assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1,151.50.

W.W. Grainger Stock Down 0.3 %

W.W. Grainger stock opened at $974.12 on Wednesday. W.W. Grainger, Inc. has a fifty-two week low of $874.98 and a fifty-two week high of $1,227.66. The firm has a market capitalization of $46.97 billion, a PE ratio of 25.16, a P/E/G ratio of 2.70 and a beta of 1.18. The company’s 50-day moving average is $1,043.54 and its 200-day moving average is $1,076.79. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.49 and a quick ratio of 1.49.

W.W. Grainger (NYSE:GWW) last announced its quarterly 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 net margin of 11.12% and a return on equity of 52.43%. During the same quarter last year, the business posted $8.33 earnings per share. Sell-side analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were paid a $2.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a yield of 0.84%. W.W. Grainger’s dividend payout ratio (DPR) is currently 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.