Wealthfront Advisers LLC Raises Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Wealthfront Advisers LLC raised its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 526.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,555 shares of the industrial products company’s stock after purchasing an additional 46,683 shares during the quarter. Wealthfront Advisers LLC owned approximately 0.11% of W.W. Grainger worth $58,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of GWW. Iron Horse Wealth Management LLC lifted its holdings 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 worth $35,000 after purchasing an additional 10 shares in the last quarter. AlphaMark Advisors LLC bought a new position in W.W. Grainger in the 4th quarter worth about $37,000. Larson Financial Group LLC boosted 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 acquiring an additional 20 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of W.W. Grainger in the fourth quarter worth approximately $42,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in W.W. Grainger during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

Shares of NYSE GWW opened at $1,015.25 on Tuesday. 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’s 50-day moving average price is $1,053.50 and its 200-day moving average price is $1,076.94. W.W. Grainger, Inc. has a 52-week low of $874.98 and a 52-week high of $1,227.66. The company has a market cap of $48.95 billion, a PE ratio of 26.23, a PEG ratio of 2.70 and a beta of 1.18.

W.W. Grainger (NYSE:GWW) last released 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 net margin of 11.12% and a return on equity of 52.43%. During the same quarter in the previous year, the business posted $8.33 EPS. As a group, analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The company 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. The ex-dividend date was Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.81%. W.W. Grainger’s dividend payout ratio (DPR) is presently 21.18%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank of Canada cut their target price on shares of W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on shares of 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. UBS Group assumed coverage on shares of W.W. Grainger in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price objective for the company. StockNews.com downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, William Blair upgraded W.W. Grainger from a “market perform” rating to an “outperform” rating in a report on Monday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, W.W. Grainger presently has an average rating of “Hold” and a consensus price target of $1,151.50.

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.