W.W. Grainger, Inc. (NYSE:GWW) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its position in W.W. Grainger, Inc. (NYSE:GWW) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 404 shares of the industrial products company’s stock after acquiring an additional 30 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in W.W. Grainger were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in W.W. Grainger in the third quarter valued at $848,000. Trust Co. of Toledo NA OH lifted its stake in shares of W.W. Grainger by 313.3% during the fourth quarter. Trust Co. of Toledo NA OH now owns 1,521 shares of the industrial products company’s stock worth $1,603,000 after purchasing an additional 1,153 shares in the last quarter. Clark & Stuart Inc acquired a new position in shares of W.W. Grainger during the fourth quarter worth about $1,741,000. Toronto Dominion Bank lifted its stake in shares of W.W. Grainger by 72.6% during the third quarter. Toronto Dominion Bank now owns 22,045 shares of the industrial products company’s stock worth $22,901,000 after purchasing an additional 9,270 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of W.W. Grainger by 27.0% during the third quarter. Empowered Funds LLC now owns 2,226 shares of the industrial products company’s stock worth $2,312,000 after purchasing an additional 473 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Stock Down 0.9 %

Shares of W.W. Grainger stock opened at $998.55 on Tuesday. 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 $48.15 billion, a P/E ratio of 25.80, a P/E/G ratio of 2.70 and a beta of 1.17. W.W. Grainger, Inc. has a fifty-two week low of $874.98 and a fifty-two week high of $1,227.66. The business has a 50-day moving average price of $1,070.01 and a 200 day moving average price of $1,074.28.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 earnings per share 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 period in the prior year, the business earned $8.33 earnings per share. On average, sell-side analysts forecast 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 will be paid on Saturday, March 1st. Investors of record on Monday, February 10th will be issued a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 0.82%. The ex-dividend date is Monday, February 10th. W.W. Grainger’s dividend payout ratio is currently 21.18%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. Royal Bank of Canada reduced their price objective on 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 boosted their price objective on W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. reduced their price objective on 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. Finally, Northcoast Research began coverage on W.W. Grainger in a research note on Tuesday, October 29th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, W.W. Grainger presently 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.