Mission Wealth Management LP Has $1.24 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Mission Wealth Management LP decreased its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 15.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,179 shares of the industrial products company’s stock after selling 220 shares during the period. Mission Wealth Management LP’s holdings in W.W. Grainger were worth $1,243,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Avestar Capital LLC boosted its position in W.W. Grainger by 2.0% during the third quarter. Avestar Capital LLC now owns 467 shares of the industrial products company’s stock worth $485,000 after purchasing an additional 9 shares during the period. Busey Bank grew its stake in W.W. Grainger by 1.5% in the 4th quarter. Busey Bank now owns 615 shares of the industrial products company’s stock valued at $648,000 after buying an additional 9 shares during the last quarter. Angeles Wealth Management LLC lifted its position in W.W. Grainger by 2.1% during the 4th quarter. Angeles Wealth Management LLC now owns 438 shares of the industrial products company’s stock worth $462,000 after acquiring an additional 9 shares during the last quarter. Iron Horse Wealth Management LLC boosted its holdings 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 acquiring an additional 10 shares during the period. Finally, Virtue Capital Management LLC grew its position in shares of W.W. Grainger by 5.2% in the third quarter. Virtue Capital Management LLC now owns 223 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 11 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

W.W. Grainger Trading Down 2.2 %

Shares of GWW opened at $999.11 on Tuesday. 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 50 day simple moving average of $1,061.50 and a 200-day simple moving average of $1,075.91. W.W. Grainger, Inc. has a 1 year low of $874.98 and a 1 year high of $1,227.66. The stock has a market cap of $48.17 billion, a PE ratio of 25.81, a PEG ratio of 2.70 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 earnings per share 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 prior year, the business posted $8.33 earnings per share. On average, sell-side analysts predict that W.W. Grainger, Inc. will post 40.3 EPS 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 paid 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 0.82%. W.W. Grainger’s dividend payout ratio is 21.18%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on 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 W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. UBS Group began 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 price objective on the stock. Morgan Stanley upped 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, Royal Bank of Canada decreased their price target 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 report on Monday, February 3rd. One 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 assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,148.56.

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.