Vivid Wealth Management LLC Has $2.21 Million Position in W.W. Grainger, Inc. (NYSE:GWW)

Vivid Wealth Management LLC lessened its position in W.W. Grainger, Inc. (NYSE:GWW) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,098 shares of the industrial products company’s stock after selling 79 shares during the period. Vivid Wealth Management LLC’s holdings in W.W. Grainger were worth $2,212,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GWW. International Assets Investment Management LLC increased its holdings in W.W. Grainger by 92,754.3% in the 3rd quarter. International Assets Investment Management LLC now owns 87,283 shares of the industrial products company’s stock worth $906,700,000 after purchasing an additional 87,189 shares in the last quarter. AustralianSuper Pty Ltd increased its stake in shares of W.W. Grainger by 694.1% in the fourth quarter. AustralianSuper Pty Ltd now owns 76,674 shares of the industrial products company’s stock valued at $80,818,000 after buying an additional 67,018 shares during the period. Champlain Investment Partners LLC acquired a new stake in shares of W.W. Grainger in the third quarter valued at about $55,815,000. Assenagon Asset Management S.A. increased its stake in shares of W.W. Grainger by 1,653.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 56,978 shares of the industrial products company’s stock valued at $60,058,000 after buying an additional 53,729 shares during the period. Finally, State Street Corp increased its stake in shares of 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 valued at $2,074,702,000 after buying an additional 45,369 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

Shares of W.W. Grainger stock opened at $1,027.68 on Friday. The business’s fifty day simple moving average is $1,086.13 and its 200 day simple moving average is $1,070.21. The firm has a market capitalization of $50.05 billion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 2.75 and a beta of 1.17. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62.

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 return on equity of 52.43% and a net margin of 11.12%. During the same period in the prior year, the business earned $8.33 EPS. As a group, analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Monday, February 10th will be given a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Monday, February 10th. W.W. Grainger’s dividend payout ratio is currently 21.18%.

Analysts Set New Price Targets

GWW has been the subject of several recent research reports. Royal Bank of Canada decreased their price target 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. UBS Group initiated coverage on W.W. Grainger in a research note on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 target price for the company. JPMorgan Chase & Co. decreased 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 note on Monday, February 3rd. Morgan Stanley raised their target price on W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 19th. Finally, Loop Capital raised their target price on W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $1,148.56.

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.