W.W. Grainger, Inc. (NYSE:GWW) Holdings Cut by Mattern Capital Management LLC

Mattern Capital Management LLC cut its position in W.W. Grainger, Inc. (NYSE:GWW) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,461 shares of the industrial products company’s stock after selling 163 shares during the quarter. W.W. Grainger comprises 1.7% of Mattern Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Mattern Capital Management LLC’s holdings in W.W. Grainger were worth $13,135,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. increased its holdings in shares of W.W. Grainger by 250.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock worth $29,000 after buying an additional 20 shares during the last quarter. Iron Horse Wealth Management LLC increased its holdings in shares of W.W. Grainger by 43.5% in the 4th quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company’s stock worth $35,000 after buying an additional 10 shares during the last quarter. AlphaMark Advisors LLC bought a new position in shares of W.W. Grainger in the 4th quarter worth $37,000. Larson Financial Group LLC increased its holdings in shares of 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 worth $40,000 after buying an additional 20 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of W.W. Grainger in the 4th quarter worth $47,000. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Price Performance

Shares of W.W. Grainger stock opened at $1,023.99 on Friday. The company’s fifty day simple moving average is $1,075.53 and its two-hundred day simple moving average is $1,072.00. W.W. Grainger, Inc. has a 12-month low of $874.98 and a 12-month 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 firm has a market cap of $49.87 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 2.69 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last posted its 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 return on equity of 52.43% and a net margin of 11.12%. During the same quarter in the previous year, the firm earned $8.33 earnings per share. As a group, equities analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, February 10th. This represents a $8.20 annualized dividend and a dividend yield of 0.80%. W.W. Grainger’s dividend payout ratio is 21.18%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GWW. UBS Group began coverage on shares of W.W. Grainger in a report on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price target on the stock. Northcoast Research began coverage on shares of W.W. Grainger in a report on Tuesday, October 29th. They set a “neutral” rating on the stock. Morgan Stanley increased 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 report on Tuesday, November 19th. JPMorgan Chase & Co. reduced their target price on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. One investment 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 stock. According to data from MarketBeat.com, W.W. Grainger has an average rating of “Hold” and an average price target of $1,148.56.

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.