Fidelis Capital Partners LLC Trims Stock Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Fidelis Capital Partners LLC decreased its position in W.W. Grainger, Inc. (NYSE:GWW) by 4.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 553 shares of the industrial products company’s stock after selling 24 shares during the quarter. Fidelis Capital Partners LLC’s holdings in W.W. Grainger were worth $579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Iron Horse Wealth Management LLC lifted its position in W.W. Grainger by 43.5% during the 4th quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 10 shares during the period. AlphaMark Advisors LLC bought a new position in shares of W.W. Grainger during the fourth quarter valued at approximately $37,000. Larson Financial Group LLC lifted its holdings 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 valued at $40,000 after purchasing an additional 20 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of W.W. Grainger in the 4th quarter worth approximately $47,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of W.W. Grainger in the 3rd quarter worth approximately $75,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Trading Down 2.2 %

NYSE:GWW opened at $999.11 on Tuesday. The company has a market cap of $48.17 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 2.70 and a beta of 1.17. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. The company has a 50 day simple moving average of $1,061.50 and a two-hundred day simple moving average of $1,075.91. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.04). W.W. Grainger had a return on equity of 52.43% and a net margin of 11.12%. During the same period in the prior year, the business posted $8.33 earnings per share. Research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were paid a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Monday, February 10th. W.W. Grainger’s dividend payout ratio (DPR) is presently 21.18%.

Analysts Set New Price Targets

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

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.