45 Shares in W.W. Grainger, Inc. (NYSE:GWW) Bought by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. bought a new position in W.W. Grainger, Inc. (NYSE:GWW) in the 4th quarter, HoldingsChannel.com reports. The firm bought 45 shares of the industrial products company’s stock, valued at approximately $47,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC lifted its holdings in shares of W.W. Grainger by 11.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 4,726 shares of the industrial products company’s stock valued at $4,981,000 after acquiring an additional 473 shares during the period. Entropy Technologies LP lifted its holdings in shares of W.W. Grainger by 175.4% during the fourth quarter. Entropy Technologies LP now owns 1,900 shares of the industrial products company’s stock valued at $2,003,000 after acquiring an additional 1,210 shares during the period. Empowered Funds LLC lifted its holdings in shares of W.W. Grainger by 8.5% during the fourth quarter. Empowered Funds LLC now owns 2,416 shares of the industrial products company’s stock valued at $2,547,000 after acquiring an additional 190 shares during the period. Moloney Securities Asset Management LLC bought a new position in shares of W.W. Grainger during the fourth quarter valued at $445,000. Finally, Apollon Wealth Management LLC lifted its holdings in shares of W.W. Grainger by 80.1% during the fourth quarter. Apollon Wealth Management LLC now owns 2,666 shares of the industrial products company’s stock valued at $2,810,000 after acquiring an additional 1,186 shares during the period. 80.70% of the stock is owned by institutional investors.

W.W. Grainger Price Performance

Shares of GWW stock opened at $1,046.62 on Wednesday. The stock has a 50-day moving average price of $1,095.78 and a 200 day moving average price of $1,070.37. 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 $50.97 billion, a price-to-earnings ratio of 27.04, a PEG 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.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data 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 last year, the business earned $8.33 earnings per share. Research analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Monday, February 10th will be given a $2.05 dividend. The ex-dividend date is Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a yield of 0.78%. W.W. Grainger’s payout ratio is 21.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GWW shares. Loop Capital lifted their price objective on W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a report on Monday, October 21st. Morgan Stanley lifted their price objective on W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a report on Tuesday, November 19th. Northcoast Research started coverage on W.W. Grainger in a report on Tuesday, October 29th. They set a “neutral” rating for the company. Robert W. Baird raised W.W. Grainger from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $975.00 to $1,230.00 in a report on Wednesday, October 16th. Finally, StockNews.com cut 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, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.