PUREfi Wealth LLC Buys Shares of 320 W.W. Grainger, Inc. (NYSE:GWW)

PUREfi Wealth LLC purchased a new position in W.W. Grainger, Inc. (NYSE:GWW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 320 shares of the industrial products company’s stock, valued at approximately $337,000.

Other large investors also recently modified their holdings of the company. GHP Investment Advisors Inc. grew its position in shares of W.W. Grainger by 250.0% during the 3rd 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 during the last quarter. Iron Horse Wealth Management LLC grew its position in shares of 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 buying an additional 10 shares during the last quarter. AlphaMark Advisors LLC bought a new stake in shares of W.W. Grainger during the 4th quarter valued at about $37,000. Larson Financial Group LLC grew its position in shares of 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 buying an additional 20 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of W.W. Grainger during the 4th quarter valued at about $47,000. 80.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GWW shares. UBS Group started coverage on shares of W.W. Grainger in a research report on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price objective for the company. Morgan Stanley boosted 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. JPMorgan Chase & Co. decreased their target price on shares of 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. Loop Capital upped their target price on shares of 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. Finally, Northcoast Research began coverage on shares of W.W. Grainger in a research report on Tuesday, October 29th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, W.W. Grainger has an average rating of “Hold” and a consensus target price of $1,148.56.

W.W. Grainger Stock Down 0.0 %

Shares of GWW stock opened at $1,027.68 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49. The stock has a market cap of $50.05 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 2.75 and a beta of 1.17. The business’s fifty day moving average is $1,086.13 and its 200-day moving average is $1,070.21. W.W. Grainger, Inc. has a 1 year low of $874.98 and a 1 year high of $1,227.66.

W.W. Grainger (NYSE:GWW) last released its earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the business earned $8.33 EPS. Equities analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Monday, February 10th will be paid a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.80%. The ex-dividend date is Monday, February 10th. W.W. Grainger’s dividend payout ratio is presently 21.18%.

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.