Allworth Financial LP Has $3.76 Million Stock Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Allworth Financial LP trimmed its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,351 shares of the industrial products company’s stock after selling 21 shares during the period. Allworth Financial LP’s holdings in W.W. Grainger were worth $3,763,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Avestar Capital LLC grew its holdings in W.W. Grainger by 2.0% during the third quarter. Avestar Capital LLC now owns 467 shares of the industrial products company’s stock worth $485,000 after purchasing an additional 9 shares during the period. Busey Bank grew its holdings in W.W. Grainger by 1.5% during the fourth quarter. Busey Bank now owns 615 shares of the industrial products company’s stock worth $648,000 after purchasing an additional 9 shares during the period. Angeles Wealth Management LLC grew its holdings in W.W. Grainger by 2.1% during the fourth quarter. Angeles Wealth Management LLC now owns 438 shares of the industrial products company’s stock worth $462,000 after purchasing an additional 9 shares during the period. Iron Horse Wealth Management LLC grew its holdings 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 during the period. Finally, Virtue Capital Management LLC grew its holdings in W.W. Grainger by 5.2% during the third quarter. Virtue Capital Management LLC now owns 223 shares of the industrial products company’s stock worth $232,000 after purchasing an additional 11 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GWW shares. Royal Bank of Canada reduced their price target on W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating for the company in a report on Monday, February 3rd. UBS Group assumed 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. JPMorgan Chase & Co. cut their price objective 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. Northcoast Research assumed coverage on shares of W.W. Grainger in a research report on Tuesday, October 29th. They set a “neutral” rating for the company. Finally, StockNews.com downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,148.56.

W.W. Grainger Stock Down 0.0 %

NYSE GWW opened at $1,027.68 on Tuesday. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. W.W. Grainger, Inc. has a 1-year low of $874.98 and a 1-year high of $1,227.66. The company has a 50 day moving average of $1,083.45 and a 200-day moving average of $1,072.19. The company has a market cap of $50.05 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.75 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last announced 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 net margin of 11.12% and a return on equity of 52.43%. During the same quarter last year, the company earned $8.33 EPS. On average, equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Monday, February 10th will be given a dividend of $2.05 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $8.20 annualized dividend and a yield of 0.80%. W.W. Grainger’s dividend payout ratio is currently 21.18%.

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.