SVB Wealth LLC Takes Position in W.W. Grainger, Inc. (NYSE:GWW)

SVB Wealth LLC acquired a new position in shares of W.W. Grainger, Inc. (NYSE:GWW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 430 shares of the industrial products company’s stock, valued at approximately $453,000.

Several other hedge funds have also recently added to or reduced their stakes in GWW. Private Trust Co. NA lifted its holdings in shares of W.W. Grainger by 9.9% during the fourth quarter. Private Trust Co. NA now owns 200 shares of the industrial products company’s stock worth $211,000 after buying an additional 18 shares during the last quarter. Fielder Capital Group LLC increased its position in W.W. Grainger by 1.6% during the fourth quarter. Fielder Capital Group LLC now owns 1,110 shares of the industrial products company’s stock worth $1,170,000 after acquiring an additional 18 shares during the period. Verus Capital Partners LLC raised its stake in W.W. Grainger by 24.5% during the 4th quarter. Verus Capital Partners LLC now owns 386 shares of the industrial products company’s stock valued at $407,000 after purchasing an additional 76 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in W.W. Grainger by 4.6% in the 4th quarter. QRG Capital Management Inc. now owns 2,700 shares of the industrial products company’s stock valued at $2,846,000 after purchasing an additional 119 shares during the period. Finally, Heritage Oak Wealth Advisors LLC acquired a new stake in W.W. Grainger in the 4th quarter worth $213,000. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Down 1.1 %

Shares of NYSE:GWW opened at $988.67 on Wednesday. The company has a market capitalization of $47.67 billion, a PE ratio of 25.54, a P/E/G ratio of 2.70 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. The company’s fifty day moving average is $1,059.45 and its 200-day moving average is $1,076.06. 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 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. Equities research analysts predict 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. Shareholders of record on Monday, February 10th were given a $2.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $8.20 annualized dividend and a yield of 0.83%. W.W. Grainger’s payout ratio is 21.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. 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 for the company in a research report on Monday, February 3rd. UBS Group initiated coverage on W.W. Grainger in a report on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price target for the company. Morgan Stanley lifted their price objective on W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. cut their target price 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. Finally, StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $1,148.56.

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.