Parallel Advisors LLC Purchases 165 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Parallel Advisors LLC lifted its position in W.W. Grainger, Inc. (NYSE:GWW) by 12.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,507 shares of the industrial products company’s stock after purchasing an additional 165 shares during the quarter. Parallel Advisors LLC’s holdings in W.W. Grainger were worth $1,589,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its position in W.W. Grainger by 2.3% in the third quarter. State Street Corp now owns 1,997,191 shares of the industrial products company’s stock worth $2,074,702,000 after acquiring an additional 45,369 shares in the last quarter. FMR LLC grew its position in W.W. Grainger by 2.6% in the third quarter. FMR LLC now owns 1,617,149 shares of the industrial products company’s stock worth $1,679,911,000 after acquiring an additional 40,992 shares in the last quarter. Geode Capital Management LLC grew its position in W.W. Grainger by 2.5% in the third quarter. Geode Capital Management LLC now owns 1,167,031 shares of the industrial products company’s stock worth $1,208,610,000 after acquiring an additional 28,626 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of W.W. Grainger by 8.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 546,960 shares of the industrial products company’s stock valued at $568,188,000 after buying an additional 42,866 shares during the period. Finally, Amundi boosted its position in shares of W.W. Grainger by 14.7% during the fourth quarter. Amundi now owns 459,536 shares of the industrial products company’s stock valued at $491,170,000 after buying an additional 58,978 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Down 0.3 %

W.W. Grainger stock opened at $974.12 on Wednesday. W.W. Grainger, Inc. has a twelve month low of $874.98 and a twelve month high of $1,227.66. The business has a fifty day moving average of $1,043.54 and a two-hundred day moving average of $1,076.79. 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 $46.97 billion, a P/E ratio of 25.16, a P/E/G ratio of 2.70 and a beta of 1.18.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 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 period in the previous year, the business posted $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 company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were given a $2.05 dividend. This represents a $8.20 annualized dividend 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%.

Analyst Upgrades and Downgrades

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

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.