DJE Kapital AG Buys New Holdings in W.W. Grainger, Inc. (NYSE:GWW)

DJE Kapital AG acquired a new position in shares of W.W. Grainger, Inc. (NYSE:GWW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,473 shares of the industrial products company’s stock, valued at approximately $7,934,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Iron Horse Wealth Management LLC lifted its stake in shares of W.W. Grainger by 43.5% during the fourth quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 10 shares in the last quarter. AlphaMark Advisors LLC acquired a new position in shares of W.W. Grainger during the fourth quarter worth about $37,000. Larson Financial Group LLC lifted its stake in shares of W.W. Grainger by 111.1% during 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 in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of W.W. Grainger during the fourth quarter worth about $47,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of W.W. Grainger during the third quarter worth about $75,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GWW shares. StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. UBS Group initiated coverage on W.W. Grainger in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price target on the stock. JPMorgan Chase & Co. cut their price target on W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Royal Bank of Canada cut their price target on 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. Finally, Morgan Stanley boosted their price target on W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $1,148.56.

W.W. Grainger Stock Up 1.0 %

Shares of W.W. Grainger stock opened at $1,021.00 on Monday. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62. The firm has a market cap of $49.23 billion, a P/E ratio of 26.38, a P/E/G ratio of 2.70 and a beta of 1.17. W.W. Grainger, Inc. has a fifty-two week low of $874.98 and a fifty-two week high of $1,227.66. The business has a 50-day moving average price of $1,063.16 and a 200 day moving average price of $1,075.62.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 earnings per share for the quarter, missing the consensus estimate 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 earned $8.33 earnings per share. On average, sell-side analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were issued a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Monday, February 10th. W.W. Grainger’s dividend payout ratio (DPR) 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.