Prosperity Wealth Management Inc. Buys New Position in W.W. Grainger, Inc. (NYSE:GWW)

Prosperity Wealth Management Inc. bought a new stake in W.W. Grainger, Inc. (NYSE:GWW) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 265 shares of the industrial products company’s stock, valued at approximately $220,000.

Several other institutional investors have also modified their holdings of the company. TRUE Private Wealth Advisors acquired a new position in W.W. Grainger in the fourth quarter valued at approximately $282,000. Tyche Wealth Partners LLC purchased a new position in shares of W.W. Grainger during the fourth quarter worth about $416,000. Suncoast Equity Management grew its stake in shares of W.W. Grainger by 0.9% in the 4th quarter. Suncoast Equity Management now owns 37,325 shares of the industrial products company’s stock valued at $30,931,000 after purchasing an additional 346 shares during the last quarter. SVB Wealth LLC raised its position in W.W. Grainger by 9.5% during the 4th quarter. SVB Wealth LLC now owns 1,243 shares of the industrial products company’s stock worth $1,030,000 after buying an additional 108 shares during the last quarter. Finally, Dakota Wealth Management raised its holdings in W.W. Grainger by 9.7% during the fourth quarter. Dakota Wealth Management now owns 3,100 shares of the industrial products company’s stock worth $2,569,000 after purchasing an additional 275 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

W.W. Grainger Price Performance

Shares of NYSE GWW opened at $949.92 on Thursday. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.66. W.W. Grainger, Inc. has a fifty-two week low of $641.95 and a fifty-two week high of $1,034.18. The business has a 50 day moving average price of $980.02 and a two-hundred day moving average price of $863.40. The firm has a market cap of $46.67 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Friday, February 2nd. The industrial products company reported $8.33 earnings per share for the quarter, beating analysts’ consensus estimates of $8.05 by $0.28. W.W. Grainger had a return on equity of 56.54% and a net margin of 11.10%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the previous year, the business earned $7.14 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts expect that W.W. Grainger, Inc. will post 39.26 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were issued a $1.86 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 0.78%. W.W. Grainger’s dividend payout ratio (DPR) is presently 20.55%.

Analysts Set New Price Targets

GWW has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their target price on W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. Jefferies Financial Group lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating and set a $825.00 target price on the stock. in a report on Wednesday, December 20th. JPMorgan Chase & Co. lifted their price objective on W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Stephens increased their price target on shares of W.W. Grainger from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Finally, StockNews.com raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Saturday, March 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $913.89.

Insider Activity at W.W. Grainger

In other W.W. Grainger news, VP Paige K. Robbins sold 3,122 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total value of $2,966,586.84. Following the sale, the vice president now owns 4,909 shares in the company, valued at $4,664,629.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other W.W. Grainger news, VP Paige K. Robbins sold 3,122 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the transaction, the vice president now owns 4,909 shares of the company’s stock, valued at approximately $4,664,629.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Paige K. Robbins sold 3,813 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $968.88, for a total value of $3,694,339.44. Following the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,756,231.92. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by insiders.

W.W. Grainger 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.