Prosperity Wealth Management Inc. Purchases Shares of 265 W.W. Grainger, Inc. (NYSE:GWW)

Prosperity Wealth Management Inc. purchased a new position in shares of W.W. Grainger, Inc. (NYSE:GWW) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 265 shares of the industrial products company’s stock, valued at approximately $220,000.

Other hedge funds also recently modified their holdings of the company. TRUE Private Wealth Advisors bought a new position in W.W. Grainger during the fourth quarter worth $282,000. Tyche Wealth Partners LLC purchased a new stake in shares of W.W. Grainger in the fourth quarter worth approximately $416,000. Suncoast Equity Management lifted its stake in W.W. Grainger by 0.9% during the 4th quarter. Suncoast Equity Management now owns 37,325 shares of the industrial products company’s stock valued at $30,931,000 after acquiring an additional 346 shares in the last quarter. SVB Wealth LLC lifted its position in shares of W.W. Grainger by 9.5% during the fourth quarter. SVB Wealth LLC now owns 1,243 shares of the industrial products company’s stock valued at $1,030,000 after purchasing an additional 108 shares in the last quarter. Finally, Dakota Wealth Management lifted its position in shares of W.W. Grainger by 9.7% during the 4th quarter. Dakota Wealth Management now owns 3,100 shares of the industrial products company’s stock worth $2,569,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GWW. Loop Capital downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating and increased their target price for the company from $925.00 to $1,000.00 in a research report on Tuesday, February 20th. UBS Group raised their price objective on W.W. Grainger from $740.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Jefferies Financial Group downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating and set a $825.00 target price on the stock. in a research note on Wednesday, December 20th. Royal Bank of Canada increased their price objective 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. Finally, Oppenheimer boosted their price target on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $913.89.

W.W. Grainger Price Performance

Shares of GWW opened at $949.92 on Thursday. 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 $46.67 billion, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14. The firm has a 50 day moving average of $980.02 and a 200 day moving average of $863.40. W.W. Grainger, Inc. has a twelve month low of $641.95 and a twelve month high of $1,034.18.

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

W.W. Grainger Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were paid a $1.86 dividend. The ex-dividend date was Friday, February 9th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 0.78%. W.W. Grainger’s dividend payout ratio (DPR) is presently 20.55%.

Insider Transactions at W.W. Grainger

In related news, VP Paige K. Robbins sold 3,122 shares of the company’s 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 approximately $4,664,629.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Paige K. Robbins sold 3,813 shares of W.W. Grainger stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the sale, the vice president now owns 4,909 shares of the company’s stock, valued at approximately $4,756,231.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paige K. Robbins sold 3,122 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was 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 directly owns 4,909 shares in the company, valued at $4,664,629.98. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.

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.