Pinnacle Wealth Planning Services Inc. Sells 35 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Pinnacle Wealth Planning Services Inc. cut its position in W.W. Grainger, Inc. (NYSE:GWW) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 576 shares of the industrial products company’s stock after selling 35 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in W.W. Grainger were worth $607,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GWW. Iron Horse Wealth Management LLC raised 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 worth $35,000 after purchasing an additional 10 shares in the last quarter. AlphaMark Advisors LLC bought a new position in W.W. Grainger in the fourth quarter worth about $37,000. Larson Financial Group LLC increased its holdings in shares of W.W. Grainger by 111.1% during the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 20 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of W.W. Grainger during the fourth quarter valued at about $47,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of W.W. Grainger during the third quarter valued at about $75,000. 80.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on GWW. JPMorgan Chase & Co. cut their price objective on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. 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 on the stock in a report on Monday, February 3rd. StockNews.com downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. Morgan Stanley upped their target price 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. Finally, UBS Group started coverage on W.W. Grainger in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $1,151.50.

W.W. Grainger Trading Up 1.1 %

W.W. Grainger stock opened at $995.60 on Friday. 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, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66. The stock’s 50 day simple moving average is $1,057.34 and its two-hundred day simple moving average is $1,075.43. The firm has a market cap of $48.00 billion, a PE ratio of 25.72, a P/E/G ratio of 2.70 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 EPS for the quarter, missing the consensus estimate 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 business posted $8.33 earnings per share. Analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were given a dividend of $2.05 per share. The ex-dividend date was Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.82%. W.W. Grainger’s dividend payout ratio (DPR) is 21.18%.

About W.W. Grainger

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.