Keystone Financial Planning Inc. reduced its stake in shares of W W Grainger Inc (NYSE:GWW) by 11.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 25,608 shares of the industrial products company’s stock after selling 3,448 shares during the quarter. W W Grainger makes up approximately 3.2% of Keystone Financial Planning Inc.’s portfolio, making the stock its 17th biggest position. Keystone Financial Planning Inc.’s holdings in W W Grainger were worth $6,050,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of GWW. Exane Derivatives bought a new stake in shares of W W Grainger during the 3rd quarter valued at $101,000. Westside Investment Management Inc. bought a new stake in shares of W W Grainger during the 3rd quarter valued at $107,000. Fieldpoint Private Securities LLC bought a new stake in shares of W W Grainger during the 3rd quarter valued at $133,000. Legacy Advisors LLC bought a new stake in shares of W W Grainger during the 3rd quarter valued at $198,000. Finally, Glenview State Bank Trust DEPT. bought a new stake in shares of W W Grainger during the 4th quarter valued at $202,000. 85.92% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on GWW. Zacks Investment Research upgraded shares of W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 target price on the stock in a report on Tuesday, January 30th. Stifel Nicolaus restated a “hold” rating and set a $278.00 target price on shares of W W Grainger in a report on Friday, January 26th. Oppenheimer boosted their target price on shares of W W Grainger from $245.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Credit Suisse Group boosted their target price on shares of W W Grainger from $190.00 to $240.00 and gave the company an “underperform” rating in a report on Thursday, January 25th. Finally, Wells Fargo & Co boosted their target price on shares of W W Grainger from $220.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $234.38.
W W Grainger Inc (NYSE:GWW) opened at $267.34 on Friday. The stock has a market cap of $14,566.64, a PE ratio of 22.57, a P/E/G ratio of 1.93 and a beta of 0.88. W W Grainger Inc has a one year low of $155.00 and a one year high of $298.14. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.13 and a quick ratio of 1.18.
W W Grainger (NYSE:GWW) last announced its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.76. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.57 billion. W W Grainger had a net margin of 5.62% and a return on equity of 35.76%. W W Grainger’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.45 EPS. analysts expect that W W Grainger Inc will post 13.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Friday, February 9th. W W Grainger’s payout ratio is 51.10%.
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About W W Grainger
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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