Fielder Capital Group LLC Raises Stock Position in W.W. Grainger, Inc. (NYSE:GWW)

Fielder Capital Group LLC lifted its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,110 shares of the industrial products company’s stock after acquiring an additional 18 shares during the quarter. Fielder Capital Group LLC’s holdings in W.W. Grainger were worth $1,170,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Iron Horse Wealth Management LLC boosted its position in 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 purchased a new stake in shares of W.W. Grainger in the 4th quarter worth about $37,000. Larson Financial Group LLC grew its stake in W.W. Grainger by 111.1% in 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. Newbridge Financial Services Group Inc. purchased a new position in W.W. Grainger during the 4th quarter valued at about $47,000. Finally, Ashton Thomas Securities LLC acquired a new position in W.W. Grainger during the third quarter worth about $75,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Stock Up 0.4 %

Shares of GWW opened at $1,012.26 on Friday. W.W. Grainger, Inc. has a fifty-two week low of $874.98 and a fifty-two week high of $1,227.66. The company’s fifty day moving average is $1,064.60 and its two-hundred day moving average is $1,073.55. The firm has a market cap of $48.81 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 2.70 and a beta of 1.17. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 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 in the previous year, the company earned $8.33 earnings per share. 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 will be paid on Saturday, March 1st. Stockholders of record on Monday, February 10th will be given a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Monday, February 10th. W.W. Grainger’s payout ratio is currently 21.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GWW. Royal Bank of Canada dropped their price objective 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 note on Monday, February 3rd. 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. UBS Group started coverage on 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. 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, JPMorgan Chase & Co. lowered their price target on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. One equities research 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, W.W. Grainger has a consensus rating of “Hold” and a consensus price target of $1,148.56.

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.