Pinnacle Wealth Management Advisory Group LLC Boosts Stock Position in W.W. Grainger, Inc. (NYSE:GWW)

Pinnacle Wealth Management Advisory Group LLC raised its position in W.W. Grainger, Inc. (NYSE:GWW) by 44.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,077 shares of the industrial products company’s stock after purchasing an additional 333 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in W.W. Grainger were worth $1,135,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GWW. GHP Investment Advisors Inc. increased its stake in W.W. Grainger by 250.0% during the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 20 shares during the last quarter. Iron Horse Wealth Management LLC increased its holdings 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 purchasing an additional 10 shares during the last quarter. AlphaMark Advisors LLC purchased a new stake in W.W. Grainger in the fourth quarter valued at approximately $37,000. Larson Financial Group LLC lifted its stake in 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 worth $40,000 after purchasing an additional 20 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in W.W. Grainger during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

Shares of GWW opened at $1,027.68 on Monday. The company’s 50 day simple moving average is $1,086.13 and its 200 day simple moving average is $1,071.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49. The company has a market capitalization of $50.05 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.75 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.

W.W. Grainger (NYSE:GWW) last released its earnings results on Friday, January 31st. The industrial products company reported $9.71 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 earnings per share. On average, sell-side analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Monday, February 10th will be issued a $2.05 dividend. The ex-dividend date is Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a yield of 0.80%. W.W. Grainger’s payout ratio is 21.18%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Royal Bank of Canada cut their price objective on 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. Loop Capital increased their price objective on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a report on Monday, October 21st. UBS Group assumed 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 price target on the stock. Morgan Stanley upped their target price on W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 19th. Finally, Northcoast Research began coverage on shares of W.W. Grainger in a research report on Tuesday, October 29th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, W.W. Grainger has a consensus rating of “Hold” and an average 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.