United Community Bank Has $163,000 Position in W.W. Grainger, Inc. (NYSE:GWW)

United Community Bank grew its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155 shares of the industrial products company’s stock after purchasing an additional 10 shares during the quarter. United Community Bank’s holdings in W.W. Grainger were worth $163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Iron Horse Wealth Management LLC raised its holdings in shares of 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 during the period. AlphaMark Advisors LLC acquired a new position in W.W. Grainger during the 4th quarter worth approximately $37,000. Larson Financial Group LLC boosted its holdings in 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 worth $40,000 after acquiring an additional 20 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in W.W. Grainger in the fourth quarter valued at approximately $47,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of W.W. Grainger during the third quarter valued at approximately $75,000. Institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

GWW has been the topic of a number of recent research reports. StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. Morgan Stanley lifted 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. UBS Group began coverage on shares of W.W. Grainger in a report on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 target price on the stock. JPMorgan Chase & Co. cut their price target on W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, Royal Bank of Canada lowered 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 note on Monday, February 3rd. One 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 company. According to MarketBeat, W.W. Grainger has a consensus rating of “Hold” and an average price target of $1,151.50.

W.W. Grainger Stock Up 1.1 %

GWW stock opened at $1,007.06 on Monday. 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 $48.56 billion, a P/E ratio of 26.02, a P/E/G ratio of 2.70 and a beta of 1.18. The stock’s fifty day simple moving average is $1,054.36 and its two-hundred day simple moving average is $1,076.68. 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 (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 EPS. Analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were issued a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Monday, February 10th. W.W. Grainger’s dividend payout ratio (DPR) is presently 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.