EP Wealth Advisors LLC Sells 325 Shares of W.W. Grainger, Inc. (NYSE:GWW)

EP Wealth Advisors LLC reduced its stake in W.W. Grainger, Inc. (NYSE:GWWFree Report) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,659 shares of the industrial products company’s stock after selling 325 shares during the quarter. EP Wealth Advisors LLC’s holdings in W.W. Grainger were worth $5,518,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GWW. Turtle Creek Wealth Advisors LLC bought a new position in shares of W.W. Grainger during the fourth quarter worth approximately $30,000. Valley National Advisers Inc. bought a new position in shares of W.W. Grainger during the fourth quarter worth approximately $40,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of W.W. Grainger during the fourth quarter worth approximately $45,000. Friedenthal Financial bought a new position in shares of W.W. Grainger during the fourth quarter worth approximately $45,000. Finally, CVA Family Office LLC bought a new position in shares of W.W. Grainger during the fourth quarter worth approximately $51,000. 80.70% of the stock is owned by institutional investors.

W.W. Grainger Price Performance

W.W. Grainger stock traded down $14.28 during mid-day trading on Friday, reaching $906.79. The company had a trading volume of 399,574 shares, compared to its average volume of 234,713. The business has a fifty day simple moving average of $939.57 and a 200 day simple moving average of $916.82. The company has a market cap of $44.50 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.80 and a beta of 1.16. W.W. Grainger, Inc. has a fifty-two week low of $674.41 and a fifty-two week high of $1,034.18. The company has a current ratio of 2.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51.

W.W. Grainger (NYSE:GWWGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.57 by $0.05. W.W. Grainger had a net margin of 10.94% and a return on equity of 54.31%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the firm earned $9.61 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts predict that W.W. Grainger, Inc. will post 39.34 earnings per share for the current year.

W.W. Grainger Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Monday, May 13th were paid a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Friday, May 10th. This is an increase from W.W. Grainger’s previous quarterly dividend of $1.86. W.W. Grainger’s dividend payout ratio (DPR) is currently 22.64%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GWW shares. Baird R W lowered shares of W.W. Grainger from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Erste Group Bank reiterated a “hold” rating on shares of W.W. Grainger in a research report on Friday. UBS Group increased their price target on shares of W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Stephens upgraded shares of W.W. Grainger from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $1,000.00 to $1,250.00 in a research report on Monday, April 29th. Finally, Robert W. Baird lowered shares of W.W. Grainger from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $1,000.00 to $975.00 in a research report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $959.44.

Read Our Latest Stock Analysis on W.W. Grainger

About W.W. Grainger

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.W. Grainger, Inc. (NYSE:GWWFree Report).

Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

Receive News & Ratings for W.W. Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.W. Grainger and related companies with MarketBeat.com's FREE daily email newsletter.