Mindset Wealth Management LLC Decreases Stake in W.W. Grainger, Inc. (NYSE:GWW)

Mindset Wealth Management LLC lowered its stake in W.W. Grainger, Inc. (NYSE:GWW) by 13.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 351 shares of the industrial products company’s stock after selling 56 shares during the period. Mindset Wealth Management LLC’s holdings in W.W. Grainger were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Iron Horse Wealth Management LLC raised its holdings in shares of W.W. Grainger by 43.5% in the fourth quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company’s stock worth $35,000 after buying an additional 10 shares during the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of W.W. Grainger in the fourth quarter worth $37,000. Larson Financial Group LLC increased its stake in shares of 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 during the period. OFI Invest Asset Management acquired a new stake in shares of W.W. Grainger in the fourth quarter worth $42,000. Finally, Atala Financial Inc acquired a new stake in shares of W.W. Grainger in the fourth quarter worth $43,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Down 1.0 %

Shares of NYSE GWW opened at $973.46 on Friday. The company’s 50-day simple moving average is $1,039.97 and its 200-day simple moving average is $1,075.42. W.W. Grainger, Inc. has a 52-week low of $874.98 and a 52-week high of $1,227.66. The firm has a market cap of $46.94 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. 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 (NYSE:GWW) last announced its earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the business posted $8.33 earnings per share. Equities analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were paid a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Monday, February 10th. W.W. Grainger’s dividend payout ratio (DPR) is presently 21.18%.

Analyst Ratings Changes

A number of analysts have recently weighed in on GWW shares. JPMorgan Chase & Co. cut their price objective on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. 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 on the stock in a research note on Monday, February 3rd. StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, William Blair upgraded shares of W.W. Grainger from a “market perform” rating to an “outperform” rating in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $1,151.50.

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.