Zions Bancorporation N.A. Grows Position in W.W. Grainger, Inc. (NYSE:GWW)

Zions Bancorporation N.A. boosted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 16.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,837 shares of the industrial products company’s stock after purchasing an additional 843 shares during the period. Zions Bancorporation N.A.’s holdings in W.W. Grainger were worth $6,152,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Cyrus J. Lawrence LLC purchased a new position in shares of W.W. Grainger in the 4th quarter worth $31,000. Iron Horse Wealth Management LLC raised its holdings in shares of 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 worth $35,000 after purchasing an additional 10 shares during the period. AlphaMark Advisors LLC purchased a new position in shares of W.W. Grainger in the 4th quarter worth about $37,000. Larson Financial Group LLC lifted its stake 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 valued at $40,000 after purchasing an additional 20 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of W.W. Grainger during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on GWW shares. William Blair upgraded shares of W.W. Grainger from a “market perform” rating to an “outperform” rating in a report on Monday, March 10th. 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 on the stock in a research note on Monday, February 3rd. Royal Bank of Canada reduced their target price on shares of W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating on the stock in a report on Monday, February 3rd. Finally, StockNews.com downgraded W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, W.W. Grainger currently has a consensus rating of “Hold” and a consensus target price of $1,151.50.

W.W. Grainger Stock Up 2.0 %

Shares of W.W. Grainger stock opened at $992.20 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.49 and a quick ratio of 1.49. W.W. Grainger, Inc. has a 1-year low of $874.98 and a 1-year high of $1,227.66. The business has a 50-day moving average of $1,036.67 and a 200-day moving average of $1,077.39. The company has a market capitalization of $47.84 billion, a PE ratio of 25.63, 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 earnings per share 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 last year, the business posted $8.33 EPS. As a group, equities analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

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

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.