Iron Horse Wealth Management LLC Increases Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Iron Horse Wealth Management LLC increased its position in W.W. Grainger, Inc. (NYSE:GWW) by 43.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33 shares of the industrial products company’s stock after acquiring an additional 10 shares during the period. Iron Horse Wealth Management LLC’s holdings in W.W. Grainger were worth $35,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GHP Investment Advisors Inc. increased its position in shares of W.W. Grainger by 250.0% in the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock valued at $29,000 after buying an additional 20 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in W.W. Grainger in the 4th quarter valued at about $37,000. Larson Financial Group LLC increased its holdings in W.W. Grainger by 111.1% during the 3rd quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 20 shares in the last quarter. Fortitude Family Office LLC raised its position in W.W. Grainger by 38.9% during the third quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 14 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of W.W. Grainger in the third quarter valued at about $75,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

W.W. Grainger Trading Up 0.2 %

NYSE GWW opened at $1,044.53 on Friday. The company has a market cap of $50.87 billion, a P/E ratio of 26.98, a P/E/G ratio of 2.73 and a beta of 1.17. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.49 and a quick ratio of 1.49. The company has a 50-day moving average of $1,105.24 and a 200-day moving average of $1,066.89.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results 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 quarter last year, the business posted $8.33 EPS. As a group, equities analysts predict that W.W. Grainger, Inc. will post 41.91 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Monday, February 10th will be issued a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Monday, February 10th. W.W. Grainger’s payout ratio is currently 21.18%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GWW shares. Robert W. Baird raised shares of W.W. Grainger from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $975.00 to $1,230.00 in a research note on Wednesday, October 16th. Loop Capital raised their price target on W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Morgan Stanley upped their price objective on 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. Northcoast Research assumed coverage on W.W. Grainger in a research report on Tuesday, October 29th. They set a “neutral” rating for the company. Finally, Oppenheimer lowered shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, W.W. Grainger presently has an average rating of “Hold” and a consensus price target of $1,148.56.

Insider Buying and Selling at W.W. Grainger

In other W.W. Grainger news, VP Laurie R. Thomson sold 125 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the completion of the sale, the vice president now directly owns 675 shares in the company, valued at $814,070.25. The trade was a 15.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.