W.W. Grainger, Inc. (NYSE:GWW) Stock Holdings Trimmed by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc decreased its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,815 shares of the industrial products company’s stock after selling 193 shares during the quarter. W.W. Grainger accounts for approximately 0.9% of Marks Group Wealth Management Inc’s holdings, making the stock its 23rd largest position. Marks Group Wealth Management Inc’s holdings in W.W. Grainger were worth $8,133,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atria Wealth Solutions Inc. raised its stake in shares of W.W. Grainger by 6.9% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 3,160 shares of the industrial products company’s stock worth $2,187,000 after buying an additional 205 shares in the last quarter. Ardevora Asset Management LLP acquired a new stake in W.W. Grainger in the 4th quarter valued at about $11,075,000. Sigma Planning Corp boosted its position in shares of W.W. Grainger by 23.4% during the 3rd quarter. Sigma Planning Corp now owns 633 shares of the industrial products company’s stock valued at $438,000 after purchasing an additional 120 shares in the last quarter. US Bancorp DE grew its stake in shares of W.W. Grainger by 11.3% in the 3rd quarter. US Bancorp DE now owns 71,748 shares of the industrial products company’s stock worth $49,638,000 after purchasing an additional 7,273 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of W.W. Grainger by 12.1% in the 4th quarter. Raymond James & Associates now owns 82,038 shares of the industrial products company’s stock worth $67,984,000 after purchasing an additional 8,865 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GWW. UBS Group lifted their price target on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Loop Capital lowered W.W. Grainger from a “buy” rating to a “hold” rating and boosted their target price for the stock from $925.00 to $1,000.00 in a research report on Tuesday, February 20th. Oppenheimer increased their price target on W.W. Grainger from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. lifted their price target on W.W. Grainger from $800.00 to $925.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. Finally, Royal Bank of Canada upped their price objective on shares of W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $913.89.

W.W. Grainger Stock Down 0.1 %

NYSE GWW traded down $0.58 during trading on Monday, reaching $942.07. 235,683 shares of the company’s stock were exchanged, compared to its average volume of 231,544. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.66. W.W. Grainger, Inc. has a fifty-two week low of $641.95 and a fifty-two week high of $1,034.18. The company’s fifty day simple moving average is $979.33 and its 200-day simple moving average is $869.76. The firm has a market capitalization of $46.28 billion, a PE ratio of 26.02, a P/E/G ratio of 1.85 and a beta of 1.14.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Friday, February 2nd. The industrial products company reported $8.33 earnings per share for the quarter, topping analysts’ consensus estimates of $8.05 by $0.28. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.04 billion. W.W. Grainger had a return on equity of 56.54% and a net margin of 11.10%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $7.14 EPS. Sell-side analysts predict that W.W. Grainger, Inc. will post 39.26 EPS for the current year.

W.W. Grainger Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were issued a dividend of $1.86 per share. The ex-dividend date was Friday, February 9th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 0.79%. W.W. Grainger’s dividend payout ratio (DPR) is presently 20.55%.

Insider Activity

In other news, VP Paige K. Robbins sold 3,813 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the transaction, the vice president now owns 4,909 shares in the company, valued at approximately $4,756,231.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other W.W. Grainger news, VP Paige K. Robbins sold 3,813 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $968.88, for a total value of $3,694,339.44. Following the completion of the transaction, the vice president now owns 4,909 shares of the company’s stock, valued at approximately $4,756,231.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Paige K. Robbins sold 3,122 shares of W.W. Grainger stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $950.22, for a total value of $2,966,586.84. Following the sale, the vice president now directly owns 4,909 shares in the company, valued at approximately $4,664,629.98. The disclosure for this sale can be found here. 9.50% of the stock is owned by company insiders.

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.