Stratos Wealth Partners LTD. Has $893,000 Stake in W.W. Grainger, Inc. (NYSE:GWW)

Stratos Wealth Partners LTD. reduced its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,077 shares of the industrial products company’s stock after selling 55 shares during the period. Stratos Wealth Partners LTD.’s holdings in W.W. Grainger were worth $893,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atria Wealth Solutions Inc. grew its holdings in shares of W.W. Grainger by 6.9% during the third quarter. Atria Wealth Solutions Inc. now owns 3,160 shares of the industrial products company’s stock worth $2,187,000 after purchasing an additional 205 shares during the last quarter. Sigma Planning Corp grew its holdings in shares of W.W. Grainger by 23.4% during the third quarter. Sigma Planning Corp now owns 633 shares of the industrial products company’s stock worth $438,000 after purchasing an additional 120 shares during the last quarter. US Bancorp DE grew its holdings in shares of W.W. Grainger by 11.3% during the third 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. Raymond James & Associates grew its holdings in shares of W.W. Grainger by 12.1% during the fourth 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 during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of W.W. Grainger by 82,775.0% during the fourth quarter. International Assets Investment Management LLC now owns 43,095 shares of the industrial products company’s stock worth $35,712,000 after purchasing an additional 43,043 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on GWW. Jefferies Financial Group cut W.W. Grainger from a “buy” rating to a “hold” rating and set a $825.00 price target on the stock. in a report on Wednesday, December 20th. UBS Group upped their target price on W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. JPMorgan Chase & Co. upped their target price on W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Loop Capital cut W.W. Grainger from a “buy” rating to a “hold” rating and upped their target price for the company from $925.00 to $1,000.00 in a report on Tuesday, February 20th. Finally, Royal Bank of Canada upped their target price on W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, W.W. Grainger has an average rating of “Hold” and a consensus price target of $913.89.

Insider Transactions at W.W. Grainger

In other news, VP Paige K. Robbins sold 3,122 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,664,629.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Paige K. Robbins sold 3,122 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,664,629.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the vice president now directly owns 4,909 shares in the company, valued at $4,756,231.92. The disclosure for this sale can be found here. 9.50% of the stock is owned by insiders.

W.W. Grainger Price Performance

W.W. Grainger stock opened at $966.27 on Friday. The stock has a market capitalization of $47.48 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.99 and a beta of 1.14. W.W. Grainger, Inc. has a 52-week low of $625.97 and a 52-week high of $1,034.18. The stock’s 50 day moving average price is $979.56 and its two-hundred day moving average price is $854.91. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.64 and a current ratio of 2.88.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $8.05 by $0.28. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.04 billion. W.W. Grainger had a return on equity of 56.54% and a net margin of 11.10%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $7.14 EPS. On average, equities analysts predict that W.W. Grainger, Inc. will post 39.26 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Friday, February 9th. W.W. Grainger’s payout ratio is 20.55%.

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.