Impact Capital Partners LLC Acquires Shares of 193 W.W. Grainger, Inc. (NYSE:GWW)

Impact Capital Partners LLC acquired a new stake in W.W. Grainger, Inc. (NYSE:GWW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 193 shares of the industrial products company’s stock, valued at approximately $203,000.

Other hedge funds have also recently modified their holdings of the company. Avestar Capital LLC increased its stake in shares of W.W. Grainger by 2.0% in 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 in the last quarter. Busey Bank increased its stake in shares of W.W. Grainger by 1.5% in 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 in the last quarter. Angeles Wealth Management LLC increased its stake in shares of W.W. Grainger by 2.1% in 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 in the last quarter. Iron Horse Wealth Management LLC increased its stake in shares of W.W. Grainger by 43.5% in 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. Finally, Welch & Forbes LLC increased its stake in shares of W.W. Grainger by 2.1% in the fourth quarter. Welch & Forbes LLC now owns 481 shares of the industrial products company’s stock worth $507,000 after purchasing an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GWW. Royal Bank of Canada reduced 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. JPMorgan Chase & Co. cut 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 note on Monday, February 3rd. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. Morgan Stanley raised their target price on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 19th. Finally, William Blair raised shares of W.W. Grainger from a “market perform” rating to an “outperform” rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned 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 an average price target of $1,151.50.

W.W. Grainger Price Performance

GWW stock opened at $968.06 on Friday. 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 quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62. The company has a fifty day simple moving average of $1,046.85 and a two-hundred day simple moving average of $1,075.29. The firm has a market capitalization of $46.68 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18.

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 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 prior year, the business posted $8.33 EPS. Analysts anticipate 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 announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were issued a $2.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $8.20 annualized dividend and a dividend yield of 0.85%. W.W. Grainger’s dividend payout ratio (DPR) is presently 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.