Marks Group Wealth Management Inc Has $8.13 Million Position in W.W. Grainger, Inc. (NYSE:GWW)

Marks Group Wealth Management Inc cut its stake in W.W. Grainger, Inc. (NYSE:GWW) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,815 shares of the industrial products company’s stock after selling 193 shares during the quarter. W.W. Grainger makes up approximately 0.9% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 23rd largest holding. Marks Group Wealth Management Inc’s holdings in W.W. Grainger were worth $8,133,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GWW. OFI Invest Asset Management bought a new position in W.W. Grainger in the 3rd quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of W.W. Grainger during the fourth quarter worth approximately $30,000. Valley National Advisers Inc. acquired a new stake in W.W. Grainger during the 4th quarter worth approximately $40,000. McGlone Suttner Wealth Management Inc. bought a new stake in W.W. Grainger in the 4th quarter valued at $45,000. Finally, Friedenthal Financial acquired a new position in W.W. Grainger in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GWW shares. Royal Bank of Canada lifted their target price on W.W. Grainger from $809.00 to $907.00 and gave the stock a “sector perform” rating in a report on Monday, February 5th. StockNews.com raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. JPMorgan Chase & Co. increased their target price on shares of W.W. Grainger from $800.00 to $925.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Loop Capital downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating and lifted their price target for the company from $925.00 to $1,000.00 in a research report on Tuesday, February 20th. Finally, Stephens boosted their price target on W.W. Grainger from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, W.W. Grainger has an average rating of “Hold” and a consensus price target of $913.89.

W.W. Grainger Price Performance

Shares of NYSE:GWW traded down $0.58 during midday trading on Monday, hitting $942.07. The stock had a trading volume of 235,683 shares, compared to its average volume of 231,544. The company’s 50-day moving average price is $979.33 and its 200-day moving average price is $869.76. W.W. Grainger, Inc. has a fifty-two week low of $641.95 and a fifty-two week high of $1,034.18. The company has a quick ratio of 1.64, a current ratio of 2.88 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $46.28 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 1.85 and a beta of 1.14.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Friday, February 2nd. The industrial products company reported $8.33 EPS for the quarter, beating the consensus estimate of $8.05 by $0.28. W.W. Grainger had a net margin of 11.10% and a return on equity of 56.54%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.04 billion. The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $7.14 earnings per share. As a group, equities research analysts predict that W.W. Grainger, Inc. will post 39.26 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were paid a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Friday, February 9th. W.W. Grainger’s dividend payout ratio (DPR) is presently 20.55%.

Insider Buying and Selling at W.W. Grainger

In other news, VP Paige K. Robbins sold 3,813 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $968.88, for a total value of $3,694,339.44. Following the completion of the transaction, the vice president now owns 4,909 shares of the company’s stock, valued at $4,756,231.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Paige K. Robbins sold 3,813 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the completion of the transaction, the vice president now directly owns 4,909 shares in the company, valued at $4,756,231.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paige K. Robbins sold 3,122 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total value of $2,966,586.84. Following the completion of the transaction, the vice president now owns 4,909 shares of the company’s stock, valued at $4,664,629.98. The disclosure for this sale can be found here. Company insiders own 9.50% of the company’s stock.

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.