Advisory Services Network LLC Sells 187 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Advisory Services Network LLC trimmed its stake in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) by 14.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,140 shares of the industrial products company’s stock after selling 187 shares during the quarter. Advisory Services Network LLC’s holdings in W.W. Grainger were worth $945,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC increased its holdings in W.W. Grainger by 20.9% in the 4th quarter. Orion Portfolio Solutions LLC now owns 763 shares of the industrial products company’s stock worth $627,000 after purchasing an additional 132 shares in the last quarter. Team Hewins LLC bought a new stake in W.W. Grainger in the fourth quarter worth approximately $462,000. Commerce Bank lifted its stake in W.W. Grainger by 10.7% in the fourth quarter. Commerce Bank now owns 6,482 shares of the industrial products company’s stock valued at $5,372,000 after buying an additional 629 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of W.W. Grainger by 71.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 5,889 shares of the industrial products company’s stock worth $4,881,000 after buying an additional 2,456 shares in the last quarter. Finally, WBI Investments LLC grew its position in shares of W.W. Grainger by 11.8% during the 4th quarter. WBI Investments LLC now owns 2,207 shares of the industrial products company’s stock worth $1,829,000 after buying an additional 233 shares during the period. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

Shares of GWW opened at $907.21 on Friday. W.W. Grainger, Inc. has a 12 month low of $641.95 and a 12 month high of $1,034.18. The company has a market capitalization of $44.52 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.78 and a beta of 1.18. The stock has a 50 day moving average of $963.94 and a 200 day moving average of $909.46. The company has a current ratio of 2.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51.

W.W. Grainger (NYSE:GWWGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share for the quarter, beating the consensus estimate of $9.57 by $0.05. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. W.W. Grainger had a net margin of 10.94% and a return on equity of 54.31%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.61 earnings per share. As a group, sell-side analysts forecast that W.W. Grainger, Inc. will post 39.34 earnings per share for the current year.

W.W. Grainger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Monday, May 13th will be issued a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Friday, May 10th. This is a boost from W.W. Grainger’s previous quarterly dividend of $1.86. W.W. Grainger’s payout ratio is 22.64%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GWW shares. Royal Bank of Canada boosted their price objective 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. Stephens upgraded shares of W.W. Grainger from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $1,000.00 to $1,250.00 in a report on Monday, April 29th. UBS Group boosted their target price 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 dropped their price target on shares of W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Finally, Oppenheimer boosted their price objective on W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, W.W. Grainger presently has an average rating of “Hold” and a consensus price target of $959.44.

Read Our Latest Report on GWW

W.W. Grainger Profile

(Free Report)

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.

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Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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