Commonwealth Equity Services LLC Sells 153 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Commonwealth Equity Services LLC decreased its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,568 shares of the industrial products company’s stock after selling 153 shares during the period. Commonwealth Equity Services LLC’s holdings in W.W. Grainger were worth $11,139,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of GWW. Iron Horse Wealth Management LLC increased its holdings 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 valued at $35,000 after purchasing an additional 10 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of W.W. Grainger in the fourth quarter valued at approximately $37,000. Larson Financial Group LLC increased its holdings in shares of W.W. Grainger by 111.1% in 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 acquired a new stake in shares of W.W. Grainger in the fourth quarter valued at approximately $42,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of W.W. Grainger in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on GWW. StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. William Blair raised shares of W.W. Grainger from a “market perform” rating to an “outperform” rating in a report on Monday, March 10th. Morgan Stanley lifted their target price on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 19th. Royal Bank of Canada lowered their target price 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 report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered 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 report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, W.W. Grainger currently has an average rating of “Hold” and a consensus target price of $1,151.50.

W.W. Grainger Trading Down 0.3 %

Shares of NYSE GWW opened at $974.12 on Wednesday. The company’s fifty day moving average is $1,043.54 and its 200-day moving average is $1,076.79. The stock has a market cap of $46.97 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 2.70 and a beta of 1.18. W.W. Grainger, Inc. has a twelve month low of $874.98 and a twelve 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.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share 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 EPS. Equities research analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were given a $2.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $8.20 annualized dividend and a yield of 0.84%. W.W. Grainger’s dividend payout ratio is currently 21.18%.

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.