W.W. Grainger, Inc. (NYSE:GWW) Stake Boosted by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 404 shares of the industrial products company’s stock after purchasing an additional 30 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in W.W. Grainger were worth $426,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GWW. Swedbank AB grew its holdings in shares of W.W. Grainger by 23.5% during the third quarter. Swedbank AB now owns 193,888 shares of the industrial products company’s stock valued at $201,413,000 after purchasing an additional 36,892 shares during the last quarter. Private Advisor Group LLC grew its holdings in W.W. Grainger by 10.1% in the 3rd quarter. Private Advisor Group LLC now owns 1,491 shares of the industrial products company’s stock worth $1,549,000 after buying an additional 137 shares in the last quarter. Mount Yale Investment Advisors LLC bought a new position in W.W. Grainger in the 3rd quarter worth approximately $209,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in W.W. Grainger by 4.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,155 shares of the industrial products company’s stock worth $5,340,000 after buying an additional 216 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in W.W. Grainger by 19.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 644 shares of the industrial products company’s stock worth $669,000 after buying an additional 103 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

W.W. Grainger Trading Down 0.9 %

W.W. Grainger stock opened at $998.55 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.49 and a quick ratio of 1.49. The company has a market capitalization of $48.15 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 2.70 and a beta of 1.17. W.W. Grainger, Inc. has a one year low of $874.98 and a one year high of $1,227.66. The company’s fifty day moving average price is $1,070.01 and its two-hundred day moving average price is $1,074.28.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results 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 net margin of 11.12% and a return on equity of 52.43%. During the same quarter in the prior year, the firm earned $8.33 EPS. On average, analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently declared 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. This represents a $8.20 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Monday, February 10th. W.W. Grainger’s dividend payout ratio (DPR) is 21.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GWW shares. Northcoast Research started coverage on W.W. Grainger in a report on Tuesday, October 29th. They issued a “neutral” rating for the company. StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. Royal Bank of Canada decreased their price objective on W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating for the company in a report on Monday, February 3rd. Morgan Stanley increased 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. 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 price objective for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $1,148.56.

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.