Cushing Capital Partners LLC Purchases New Shares in W.W. Grainger, Inc. (NYSE:GWW)

Cushing Capital Partners LLC purchased a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,029 shares of the industrial products company’s stock, valued at approximately $1,085,000.

A number of other hedge funds also recently bought and sold shares of GWW. Iron Horse Wealth Management LLC raised its stake 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 valued at $35,000 after purchasing an additional 10 shares in the last quarter. AlphaMark Advisors LLC purchased a new stake in W.W. Grainger during the fourth quarter valued at $37,000. Larson Financial Group LLC raised its stake in W.W. Grainger by 111.1% during the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 20 shares in the last quarter. OFI Invest Asset Management purchased a new stake in W.W. Grainger during the fourth quarter valued at $42,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in W.W. Grainger during the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Trading Up 0.7 %

NYSE GWW opened at $1,015.25 on Tuesday. The company’s 50-day moving average price is $1,053.50 and its 200-day moving average price is $1,076.94. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. The stock has a market cap of $48.95 billion, a PE ratio of 26.23, a PEG ratio of 2.70 and a beta of 1.18. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results 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 quarter in the prior year, the firm earned $8.33 earnings per share. Equities research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GWW shares. 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 research note on Monday, February 3rd. William Blair raised shares of W.W. Grainger from a “market perform” rating to an “outperform” rating in a research note on Monday. Royal Bank of Canada reduced their target price on shares of W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating on the stock in a research note on Monday, February 3rd. 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 research note on Tuesday, November 19th. Finally, UBS Group started coverage on shares of W.W. Grainger in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,151.50.

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.