Corient Private Wealth LLC Sells 151 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Corient Private Wealth LLC trimmed its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,867 shares of the industrial products company’s stock after selling 151 shares during the period. Corient Private Wealth LLC owned about 0.08% of W.W. Grainger worth $43,075,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GWW. Iron Horse Wealth Management LLC raised its position in 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 acquiring an additional 10 shares during the period. AlphaMark Advisors LLC purchased a new stake in shares of W.W. Grainger during the 4th quarter worth approximately $37,000. Larson Financial Group LLC raised its holdings in shares of W.W. Grainger by 111.1% in the 3rd quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 20 shares during the period. OFI Invest Asset Management purchased a new position in W.W. Grainger in the fourth quarter valued at approximately $42,000. Finally, Atala Financial Inc bought a new position in W.W. Grainger during the fourth quarter valued at $43,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

W.W. Grainger Trading Up 1.0 %

W.W. Grainger stock opened at $977.11 on Tuesday. The stock has a market cap of $47.11 billion, a P/E ratio of 25.24, a PEG ratio of 2.70 and a beta of 1.18. W.W. Grainger, Inc. has a fifty-two week low of $874.98 and a fifty-two week high of $1,227.66. The firm’s fifty day moving average price is $1,045.32 and its 200-day moving average price is $1,076.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results 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 net margin of 11.12% and a return on equity of 52.43%. During the same period in the previous year, the firm posted $8.33 earnings per share. Equities research 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 business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were issued a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Monday, February 10th. W.W. Grainger’s payout ratio is 21.18%.

Analysts Set New Price Targets

GWW has been the topic of a number of recent research reports. Morgan Stanley upped 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 report on Tuesday, November 19th. JPMorgan Chase & Co. cut their target price 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 report 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. 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 for the company in a report on Monday, February 3rd. Finally, StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,151.50.

About W.W. Grainger

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.