Versor Investments LP Sells 115 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Versor Investments LP reduced its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 33.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 233 shares of the industrial products company’s stock after selling 115 shares during the quarter. Versor Investments LP’s holdings in W.W. Grainger were worth $246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Iron Horse Wealth Management LLC increased its position in shares of W.W. Grainger by 43.5% during 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 last quarter. AlphaMark Advisors LLC purchased a new position in W.W. Grainger during the fourth quarter worth $37,000. Larson Financial Group LLC increased its position in 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 during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of W.W. Grainger in the fourth quarter valued at $47,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of W.W. Grainger in the 3rd quarter worth about $75,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GWW has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target 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. UBS Group assumed coverage on W.W. Grainger in a research note on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 target price on the stock. Royal Bank of Canada dropped their price objective on 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. StockNews.com downgraded W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, Morgan Stanley lifted their target price on W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 19th. One research 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. According to data from MarketBeat, W.W. Grainger has an average rating of “Hold” and an average target price of $1,148.56.

W.W. Grainger Stock Performance

Shares of W.W. Grainger stock opened at $999.11 on Tuesday. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average price is $1,061.50 and its 200-day moving average price is $1,075.91. The firm has a market cap of $48.17 billion, a P/E ratio of 25.81, a P/E/G ratio of 2.70 and a beta of 1.17. 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 issued its earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share (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 quarter in the prior year, the firm earned $8.33 EPS. On average, equities research analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

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

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.