SVB Wealth LLC Makes New Investment in W.W. Grainger, Inc. (NYSE:GWW)

SVB Wealth LLC purchased a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 430 shares of the industrial products company’s stock, valued at approximately $453,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Iron Horse Wealth Management LLC boosted 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 buying an additional 10 shares during the last quarter. AlphaMark Advisors LLC bought a new position in W.W. Grainger in the fourth quarter valued at about $37,000. Larson Financial Group LLC increased its position in W.W. Grainger by 111.1% in 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 during the period. Newbridge Financial Services Group Inc. bought a new stake in W.W. Grainger during the 4th quarter worth about $47,000. Finally, Ashton Thomas Securities LLC acquired a new position in W.W. Grainger during the 3rd quarter valued at about $75,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GWW. UBS Group assumed coverage on shares of W.W. Grainger in a research report on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price target for the company. Royal Bank of Canada lowered their target price 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. Morgan Stanley increased their price target on W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. decreased their price objective on W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, StockNews.com downgraded W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, W.W. Grainger presently has a consensus rating of “Hold” and a consensus target price of $1,148.56.

W.W. Grainger Stock Down 1.1 %

NYSE:GWW opened at $988.67 on Wednesday. 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 stock has a market cap of $47.67 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 2.70 and a beta of 1.17. The stock has a 50-day moving average price of $1,059.45 and a two-hundred day moving average price of $1,076.06.

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

W.W. Grainger Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Monday, February 10th. W.W. Grainger’s payout ratio is presently 21.18%.

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.