CIBC Private Wealth Group LLC Acquires 101 Shares of W.W. Grainger, Inc. (NYSE:GWW)

CIBC Private Wealth Group LLC increased its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,499 shares of the industrial products company’s stock after acquiring an additional 101 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in W.W. Grainger were worth $13,359,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GWW. Cyrus J. Lawrence LLC purchased a new stake in shares of W.W. Grainger during the 4th quarter worth approximately $31,000. Iron Horse Wealth Management LLC lifted its position in 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 purchasing an additional 10 shares during the last quarter. AlphaMark Advisors LLC purchased a new position in shares of W.W. Grainger in the 4th quarter worth $37,000. OFI Invest Asset Management bought a new stake in shares of W.W. Grainger in the 4th quarter worth about $42,000. Finally, Atala Financial Inc purchased a new stake in shares of W.W. Grainger during the 4th quarter valued at about $43,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

W.W. Grainger Stock Up 1.4 %

W.W. Grainger stock opened at $988.35 on Tuesday. 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 $47.66 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.70 and a beta of 1.18. The business has a fifty day moving average of $1,024.86 and a two-hundred day moving average of $1,077.69. W.W. Grainger, Inc. has a twelve month low of $874.98 and a twelve month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates 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 previous year, the firm earned $8.33 EPS. On average, analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were paid a dividend of $2.05 per share. The ex-dividend date was Monday, February 10th. This represents a $8.20 annualized dividend and a yield of 0.83%. W.W. Grainger’s dividend payout ratio (DPR) is 21.18%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. dropped their price target on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. William Blair raised shares of W.W. Grainger from a “market perform” rating to an “outperform” rating in a research report on Monday, March 10th. Finally, Royal Bank of Canada dropped their target price on W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, W.W. Grainger presently has a consensus rating of “Hold” and an average target price 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.