Pinnacle Wealth Management Advisory Group LLC Has $1.14 Million Position in W.W. Grainger, Inc. (NYSE:GWW)

Pinnacle Wealth Management Advisory Group LLC increased its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 44.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,077 shares of the industrial products company’s stock after purchasing an additional 333 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in W.W. Grainger were worth $1,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GWW. GHP Investment Advisors Inc. grew its position in shares of W.W. Grainger by 250.0% during the 3rd 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 during the period. Iron Horse Wealth Management LLC grew its stake in shares of 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 buying an additional 10 shares during the period. AlphaMark Advisors LLC bought a new stake in W.W. Grainger in the 4th quarter valued at about $37,000. Larson Financial Group LLC raised its stake in 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 buying an additional 20 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in W.W. Grainger during the fourth quarter worth $47,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Price Performance

NYSE:GWW opened at $1,027.68 on Monday. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62. W.W. Grainger, Inc. has a 52 week low of $874.98 and a 52 week high of $1,227.66. The business’s 50-day simple moving average is $1,086.13 and its two-hundred day simple moving average is $1,071.59. The stock has a market cap of $50.05 billion, a PE ratio of 26.55, a P/E/G ratio of 2.75 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Friday, January 31st. The industrial products company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.04). W.W. Grainger had a net margin of 11.12% and a return on equity of 52.43%. During the same quarter in the prior year, the company posted $8.33 earnings per share. As a group, analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Monday, February 10th will be given a dividend of $2.05 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $8.20 annualized dividend and a dividend yield of 0.80%. W.W. Grainger’s dividend payout ratio (DPR) is 21.18%.

Analysts Set New Price Targets

Several research firms have recently issued reports on GWW. Loop Capital upped their target price on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a report on Monday, October 21st. JPMorgan Chase & Co. decreased their price objective on 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. StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. Northcoast Research assumed coverage on W.W. Grainger in a report on Tuesday, October 29th. They set a “neutral” rating on the stock. Finally, Royal Bank of Canada dropped their price target on W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating for the company in a research note on Monday, February 3rd. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,148.56.

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.