Atria Wealth Solutions Inc. Acquires 57 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Atria Wealth Solutions Inc. lifted its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 2.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,853 shares of the industrial products company’s stock after buying an additional 57 shares during the period. Atria Wealth Solutions Inc.’s holdings in W.W. Grainger were worth $3,007,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Swedbank AB lifted its holdings in shares of W.W. Grainger by 23.5% in the third quarter. Swedbank AB now owns 193,888 shares of the industrial products company’s stock worth $201,413,000 after acquiring an additional 36,892 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in W.W. Grainger by 7.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,167 shares of the industrial products company’s stock valued at $1,212,000 after purchasing an additional 76 shares during the last quarter. Private Advisor Group LLC boosted its position in W.W. Grainger by 10.1% in the third quarter. Private Advisor Group LLC now owns 1,491 shares of the industrial products company’s stock valued at $1,549,000 after buying an additional 137 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of W.W. Grainger by 0.3% during the third quarter. IFM Investors Pty Ltd now owns 9,152 shares of the industrial products company’s stock worth $9,507,000 after buying an additional 28 shares during the last quarter. Finally, Dakota Wealth Management increased its holdings in shares of W.W. Grainger by 12.2% during the third quarter. Dakota Wealth Management now owns 3,235 shares of the industrial products company’s stock worth $3,360,000 after buying an additional 351 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. cut 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. Morgan Stanley lifted their price target 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. Northcoast Research assumed coverage on W.W. Grainger in a research note on Tuesday, October 29th. They issued a “neutral” rating for the company. Royal Bank of Canada cut their target price 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 started coverage on shares of W.W. Grainger in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $1,148.56.

W.W. Grainger Price Performance

GWW stock opened at $1,008.08 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62. The firm has a market cap of $49.09 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 2.69 and a beta of 1.17. The company’s fifty day simple moving average is $1,072.84 and its 200 day simple moving average is $1,072.39. 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 posted 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 period in the prior year, the business earned $8.33 earnings per share. On average, analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently disclosed 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. This represents a $8.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is 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.