C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $6.43 Million in W.W. Grainger, Inc. (NYSE:GWW)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of W.W. Grainger, Inc. (NYSE:GWW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,097 shares of the industrial products company’s stock, valued at approximately $6,427,000.

Several other hedge funds and other institutional investors have also bought and sold shares of GWW. Avestar Capital LLC raised its position in shares of W.W. Grainger by 2.0% in the 3rd quarter. Avestar Capital LLC now owns 467 shares of the industrial products company’s stock worth $485,000 after acquiring an additional 9 shares in the last quarter. Busey Bank increased its holdings in W.W. Grainger by 1.5% in the fourth quarter. Busey Bank now owns 615 shares of the industrial products company’s stock worth $648,000 after purchasing an additional 9 shares in the last quarter. Angeles Wealth Management LLC lifted its stake in W.W. Grainger by 2.1% in the fourth quarter. Angeles Wealth Management LLC now owns 438 shares of the industrial products company’s stock valued at $462,000 after buying an additional 9 shares during the period. Iron Horse Wealth Management LLC boosted its holdings in shares of W.W. Grainger by 43.5% during the 4th quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company’s stock worth $35,000 after buying an additional 10 shares in the last quarter. Finally, CX Institutional boosted its holdings in shares of W.W. Grainger by 0.9% during the 3rd quarter. CX Institutional now owns 1,191 shares of the industrial products company’s stock worth $1,237,000 after buying an additional 11 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Trading Down 1.8 %

NYSE:GWW opened at $1,027.47 on Thursday. W.W. Grainger, Inc. has a 52 week low of $874.98 and a 52 week high of $1,227.66. The firm has a 50-day moving average price of $1,092.48 and a two-hundred day moving average price of $1,070.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49. The firm has a market cap of $50.04 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 2.75 and a beta of 1.17.

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 net margin of 11.12% and a return on equity of 52.43%. During the same period in the previous year, the company earned $8.33 EPS. On average, equities analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Monday, February 10th will be issued a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Monday, February 10th. W.W. Grainger’s dividend payout ratio (DPR) is currently 21.18%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Loop Capital boosted their target price on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Morgan Stanley boosted 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. Baird R W upgraded shares of W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. Finally, Oppenheimer lowered shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. 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 stock. According to MarketBeat.com, W.W. Grainger has an average rating of “Hold” and a consensus price target of $1,148.56.

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.