Roberts Glore & Co. Inc. IL Sells 10 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Roberts Glore & Co. Inc. IL cut its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 366 shares of the industrial products company’s stock after selling 10 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in W.W. Grainger were worth $386,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GWW. OFI Invest Asset Management acquired a new position in W.W. Grainger during the fourth quarter valued at approximately $42,000. United Community Bank boosted its position in W.W. Grainger by 6.9% during the fourth quarter. United Community Bank now owns 155 shares of the industrial products company’s stock valued at $163,000 after purchasing an additional 10 shares during the last quarter. Amundi boosted its position in W.W. Grainger by 14.7% during the fourth quarter. Amundi now owns 459,536 shares of the industrial products company’s stock valued at $491,170,000 after purchasing an additional 58,978 shares during the last quarter. Larson Financial Group LLC boosted its position in W.W. Grainger by 205.3% during the fourth quarter. Larson Financial Group LLC now owns 116 shares of the industrial products company’s stock valued at $122,000 after purchasing an additional 78 shares during the last quarter. Finally, AMF Tjanstepension AB boosted its position in W.W. Grainger by 124.2% during the fourth quarter. AMF Tjanstepension AB now owns 21,111 shares of the industrial products company’s stock valued at $22,255,000 after purchasing an additional 11,694 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GWW has been the subject of several recent research reports. UBS Group initiated coverage on W.W. Grainger in a research report on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price target for the company. Royal Bank of Canada cut their price objective on 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. reduced 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 report on Monday, February 3rd. StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, Morgan Stanley boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $1,151.50.

W.W. Grainger Stock Up 1.1 %

NYSE GWW opened at $1,007.06 on Friday. 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 $1,054.36 and a 200-day moving average of $1,076.00. The company has a market cap of $48.56 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.70 and a beta of 1.18.

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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were given a dividend of $2.05 per share. The ex-dividend date was Monday, February 10th. This represents a $8.20 annualized dividend and a yield of 0.81%. W.W. Grainger’s dividend payout ratio is currently 21.18%.

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.