Adero Partners LLC Has $388,000 Position in W.W. Grainger, Inc. (NYSE:GWW)

Adero Partners LLC grew its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 4.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 368 shares of the industrial products company’s stock after buying an additional 14 shares during the quarter. Adero Partners LLC’s holdings in W.W. Grainger were worth $388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of GWW. GHP Investment Advisors Inc. grew its holdings in shares of W.W. Grainger by 250.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 20 shares in the last quarter. AlphaMark Advisors LLC acquired a new position in shares of W.W. Grainger in the 4th quarter valued at approximately $37,000. Larson Financial Group LLC lifted its holdings in shares of W.W. Grainger by 111.1% during the 3rd 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 during the period. Fortitude Family Office LLC boosted its position in shares of W.W. Grainger by 38.9% during the 3rd quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 14 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in W.W. Grainger in the third quarter valued at approximately $75,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insider Buying and Selling at W.W. Grainger

In related news, VP Laurie R. Thomson sold 125 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the transaction, the vice president now owns 675 shares in the company, valued at $814,070.25. The trade was a 15.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.50% of the company’s stock.

W.W. Grainger Stock Down 0.0 %

Shares of GWW opened at $1,042.41 on Thursday. The stock’s 50-day moving average price is $1,108.46 and its two-hundred day moving average price is $1,067.04. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66. The company has a market capitalization of $50.77 billion, a PE ratio of 26.93, a PEG ratio of 2.73 and a beta of 1.17. 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 posted its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 EPS 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 period last year, the business earned $8.33 earnings per share. On average, analysts anticipate that W.W. Grainger, Inc. will post 41.91 EPS for the current year.

W.W. Grainger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Monday, February 10th will be given a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Monday, February 10th. W.W. Grainger’s dividend payout ratio (DPR) is presently 21.18%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GWW. StockNews.com downgraded W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. Morgan Stanley raised their price objective on 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. Royal Bank of Canada lowered their target price 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. Northcoast Research assumed coverage on shares of W.W. Grainger in a research note on Tuesday, October 29th. They issued a “neutral” rating on the stock. Finally, Loop Capital raised their target price on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, W.W. Grainger has a consensus rating of “Hold” and an average 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.