200 Shares in W.W. Grainger, Inc. (NYSE:GWW) Purchased by Flagship Wealth Advisors LLC

Flagship Wealth Advisors LLC purchased a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW) in the 4th quarter, Holdings Channel reports. The fund purchased 200 shares of the industrial products company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Avestar Capital LLC raised its stake in W.W. Grainger by 2.0% in the third quarter. Avestar Capital LLC now owns 467 shares of the industrial products company’s stock worth $485,000 after buying an additional 9 shares in the last quarter. Busey Bank grew its holdings in shares of W.W. Grainger by 1.5% during the fourth 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 grew its holdings in shares of W.W. Grainger by 2.1% during the fourth quarter. Angeles Wealth Management LLC now owns 438 shares of the industrial products company’s stock valued at $462,000 after buying an additional 9 shares during the last quarter. Iron Horse Wealth Management LLC boosted its holdings in 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 during the last quarter. Finally, Welch & Forbes LLC boosted its holdings in W.W. Grainger by 2.1% in the fourth quarter. Welch & Forbes LLC now owns 481 shares of the industrial products company’s stock valued at $507,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

GWW has been the subject of a number of analyst reports. William Blair upgraded shares of W.W. Grainger from a “market perform” rating to an “outperform” rating in a research report on Monday, March 10th. Royal Bank of Canada cut their price objective 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. Morgan Stanley increased their price target 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. JPMorgan Chase & Co. dropped their price target on shares of 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, StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $1,151.50.

W.W. Grainger Trading Up 1.5 %

GWW opened at $968.06 on Monday. The stock has a market capitalization of $46.68 billion, a PE ratio of 25.01, a P/E/G ratio of 2.70 and a beta of 1.18. The firm’s fifty day moving average price is $1,046.85 and its 200 day moving average price is $1,076.80. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.49 and a quick ratio of 1.49. W.W. Grainger, Inc. has a 12-month low of $874.98 and a 12-month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data 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 last year, the firm posted $8.33 earnings per share. As a group, research analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were paid a $2.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $8.20 annualized dividend and a dividend yield of 0.85%. W.W. Grainger’s dividend payout ratio is currently 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.