Sheaff Brock Investment Advisors LLC Has $2.54 Million Stake in W.W. Grainger, Inc. (NYSE:GWW)

Sheaff Brock Investment Advisors LLC lowered its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,412 shares of the industrial products company’s stock after selling 38 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in W.W. Grainger were worth $2,542,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. GHP Investment Advisors Inc. boosted 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 valued at $29,000 after purchasing an additional 20 shares in the last quarter. Iron Horse Wealth Management LLC lifted its holdings in shares of W.W. Grainger by 43.5% during the fourth quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 10 shares during the period. AlphaMark Advisors LLC acquired a new stake in shares of W.W. Grainger in the 4th quarter valued at $37,000. Larson Financial Group LLC increased its position 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 purchasing an additional 20 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in W.W. Grainger during the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Trading Down 0.0 %

NYSE:GWW opened at $1,027.68 on Friday. The firm has a market capitalization of $50.05 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.75 and a beta of 1.17. W.W. Grainger, Inc. has a 1-year low of $874.98 and a 1-year high of $1,227.66. The business’s 50-day moving average price is $1,086.13 and its two-hundred day moving average price is $1,070.93. 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 released 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 business posted $8.33 EPS. On average, equities analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share 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. Investors of record on Monday, February 10th will be given a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Monday, February 10th. W.W. Grainger’s dividend payout ratio is currently 21.18%.

Analysts Set New Price Targets

GWW has been the subject of several recent analyst reports. Loop Capital raised their price objective on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a report on Monday, October 21st. StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. Morgan Stanley raised 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 note on Tuesday, November 19th. Royal Bank of Canada reduced their price target 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 research report on Monday, February 3rd. Finally, UBS Group began coverage on shares of W.W. Grainger in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 target price for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $1,148.56.

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.