Smartleaf Asset Management LLC Has $621,000 Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Smartleaf Asset Management LLC raised its stake in W.W. Grainger, Inc. (NYSE:GWW) by 8.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 586 shares of the industrial products company’s stock after purchasing an additional 44 shares during the period. Smartleaf Asset Management LLC’s holdings in W.W. Grainger were worth $621,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in W.W. Grainger in the 3rd quarter valued at $848,000. Trust Co. of Toledo NA OH boosted its holdings in W.W. Grainger by 313.3% in the 4th quarter. Trust Co. of Toledo NA OH now owns 1,521 shares of the industrial products company’s stock valued at $1,603,000 after purchasing an additional 1,153 shares during the period. Clark & Stuart Inc bought a new stake in W.W. Grainger in the 4th quarter valued at $1,741,000. Empowered Funds LLC boosted its holdings in W.W. Grainger by 27.0% in the 3rd quarter. Empowered Funds LLC now owns 2,226 shares of the industrial products company’s stock valued at $2,312,000 after purchasing an additional 473 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in W.W. Grainger by 72.6% in the 3rd quarter. Toronto Dominion Bank now owns 22,045 shares of the industrial products company’s stock valued at $22,901,000 after purchasing an additional 9,270 shares during the period. 80.70% of the stock is owned by institutional investors.

W.W. Grainger Trading Down 2.2 %

Shares of W.W. Grainger stock opened at $999.11 on Tuesday. The stock has a market capitalization of $48.17 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 2.70 and a beta of 1.17. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62. The company has a 50-day simple moving average of $1,061.50 and a 200 day simple moving average of $1,075.91. W.W. Grainger, Inc. has a 12-month low of $874.98 and a 12-month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last announced its 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 return on equity of 52.43% and a net margin of 11.12%. During the same quarter last year, the firm posted $8.33 EPS. Research analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were given a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Monday, February 10th. W.W. Grainger’s dividend payout ratio (DPR) is currently 21.18%.

Wall Street Analyst Weigh In

GWW has been the subject of a number of research reports. Royal Bank of Canada reduced their price target on shares of 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. UBS Group initiated coverage on shares of W.W. Grainger in a report on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price objective for the company. StockNews.com downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. reduced their price objective on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Finally, Morgan Stanley raised their price objective on shares of 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.