Axxcess Wealth Management LLC Acquires 474 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Axxcess Wealth Management LLC lifted its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 47.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,479 shares of the industrial products company’s stock after purchasing an additional 474 shares during the period. Axxcess Wealth Management LLC’s holdings in W.W. Grainger were worth $1,559,000 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. Iron Horse Wealth Management LLC boosted 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 in the last quarter. AlphaMark Advisors LLC bought a new position in W.W. Grainger in the fourth quarter worth approximately $37,000. Larson Financial Group LLC boosted its holdings in W.W. Grainger by 111.1% in the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 20 shares in the last quarter. OFI Invest Asset Management bought a new position in W.W. Grainger in the fourth quarter worth approximately $42,000. Finally, Atala Financial Inc bought a new position in W.W. Grainger in the fourth quarter worth approximately $43,000. Institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GWW. JPMorgan Chase & Co. cut their price target 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 downgraded W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. Royal Bank of Canada lowered 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 research note on Monday, February 3rd. Finally, William Blair raised W.W. Grainger from a “market perform” rating to an “outperform” rating in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1,151.50.

W.W. Grainger Stock Performance

Shares of GWW opened at $983.72 on Thursday. 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 company has a market capitalization of $47.43 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 2.70 and a beta of 1.18. The stock has a 50 day moving average of $1,041.86 and a 200 day moving average of $1,076.14. 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 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 period in the previous year, the company earned $8.33 EPS. As a group, sell-side analysts forecast 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 was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were issued a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.83%. 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 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.