Legacy Capital Wealth Partners LLC Sells 131 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Legacy Capital Wealth Partners LLC lowered its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 11.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,029 shares of the industrial products company’s stock after selling 131 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in W.W. Grainger were worth $1,085,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. GHP Investment Advisors Inc. grew its holdings in W.W. Grainger by 250.0% during the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock worth $29,000 after buying an additional 20 shares in the last quarter. Iron Horse Wealth Management LLC grew its stake in W.W. Grainger by 43.5% in the 4th 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 bought a new position in W.W. Grainger in the 4th quarter valued at $37,000. Larson Financial Group LLC grew its stake in W.W. Grainger by 111.1% in the 3rd quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 20 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in W.W. Grainger in the 4th quarter valued at $47,000. Institutional investors own 80.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price objective 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. Northcoast Research assumed coverage on W.W. Grainger in a research note on Tuesday, October 29th. They issued a “neutral” rating for the company. Loop Capital upped their price objective on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research note on Monday, October 21st. StockNews.com downgraded W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, Morgan Stanley upped their price target on W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,148.56.

W.W. Grainger Stock Performance

Shares of GWW opened at $1,027.68 on Friday. The stock’s 50-day simple moving average is $1,086.13 and its 200 day simple moving average is $1,070.93. The stock has a market capitalization of $50.05 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 2.75 and a beta of 1.17. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49. W.W. Grainger, Inc. has a 52-week low of $874.98 and a 52-week high of $1,227.66.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 earnings per share (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 in the previous year, the firm posted $8.33 EPS. Research analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Monday, February 10th will be issued a dividend of $2.05 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a yield of 0.80%. W.W. Grainger’s dividend payout ratio (DPR) is 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.