Axxcess Wealth Management LLC Has $1.56 Million Stock Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Axxcess Wealth Management LLC raised its stake in W.W. Grainger, Inc. (NYSE:GWW) by 47.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,479 shares of the industrial products company’s stock after acquiring an additional 474 shares during the period. Axxcess Wealth Management LLC’s holdings in W.W. Grainger were worth $1,559,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GWW. Iron Horse Wealth Management LLC raised its holdings in W.W. Grainger by 43.5% in the 4th quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 10 shares in the last quarter. AlphaMark Advisors LLC acquired a new position in shares of W.W. Grainger during the 4th quarter worth $37,000. Larson Financial Group LLC raised its holdings in shares of W.W. Grainger by 111.1% during the 3rd quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock worth $40,000 after buying an additional 20 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of W.W. Grainger during the 4th quarter worth $42,000. Finally, Atala Financial Inc acquired a new position in shares of W.W. Grainger during the 4th quarter worth $43,000. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Trading Up 0.9 %

NYSE GWW opened at $983.72 on Thursday. The business’s 50-day moving average price is $1,041.86 and its two-hundred day moving average price is $1,076.14. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66. The firm has a market capitalization of $47.43 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. 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 released 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 net margin of 11.12% and a return on equity of 52.43%. During the same period in the prior year, the business posted $8.33 earnings per share. On average, analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were given a $2.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.83%. W.W. Grainger’s dividend payout ratio (DPR) is presently 21.18%.

Wall Street Analysts Forecast Growth

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