Strategy Asset Managers LLC Buys 16 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Strategy Asset Managers LLC boosted its stake in W.W. Grainger, Inc. (NYSE:GWW) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 592 shares of the industrial products company’s stock after purchasing an additional 16 shares during the quarter. Strategy Asset Managers LLC’s holdings in W.W. Grainger were worth $624,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in GWW. Cyrus J. Lawrence LLC bought a new position in shares of W.W. Grainger in the fourth quarter valued at approximately $31,000. Iron Horse Wealth Management LLC boosted 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 period. AlphaMark Advisors LLC purchased a new position in shares of W.W. Grainger during the 4th quarter valued at $37,000. Larson Financial Group LLC increased its holdings in shares of 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. Finally, OFI Invest Asset Management purchased a new stake in shares of W.W. Grainger in the fourth quarter worth $42,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

GWW has been the topic of a number of research analyst reports. StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. 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 on the stock in a research note on Monday, February 3rd. William Blair upgraded shares of W.W. Grainger from a “market perform” rating to an “outperform” rating in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. decreased 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 report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $1,151.50.

W.W. Grainger Stock Performance

NYSE GWW opened at $973.54 on Friday. The company has a 50-day simple moving average of $1,027.35 and a two-hundred day simple moving average of $1,076.43. W.W. Grainger, Inc. has a 12-month low of $874.98 and a 12-month high of $1,227.66. The firm has a market cap of $46.94 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 2.70 and a beta of 1.18. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62.

W.W. Grainger (NYSE:GWW) last released its earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share 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 period in the prior year, the business posted $8.33 earnings per share. On average, equities analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current 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 paid a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Monday, February 10th. W.W. Grainger’s payout ratio is 21.18%.

About W.W. Grainger

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.