Ieq Capital LLC Has $473,000 Stock Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Ieq Capital LLC cut its stake in W.W. Grainger, Inc. (NYSE:GWW) by 85.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 449 shares of the industrial products company’s stock after selling 2,630 shares during the period. Ieq Capital LLC’s holdings in W.W. Grainger were worth $473,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GWW. AustralianSuper Pty Ltd raised its holdings in shares of W.W. Grainger by 694.1% during the 4th quarter. AustralianSuper Pty Ltd now owns 76,674 shares of the industrial products company’s stock worth $80,818,000 after buying an additional 67,018 shares in the last quarter. Champlain Investment Partners LLC bought a new stake in shares of W.W. Grainger in the 3rd quarter valued at about $55,815,000. Assenagon Asset Management S.A. grew its position in shares of W.W. Grainger by 1,653.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 56,978 shares of the industrial products company’s stock valued at $60,058,000 after buying an additional 53,729 shares during the last quarter. State Street Corp grew its position in shares of W.W. Grainger by 2.3% in the 3rd quarter. State Street Corp now owns 1,997,191 shares of the industrial products company’s stock valued at $2,074,702,000 after buying an additional 45,369 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of W.W. Grainger by 8.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 546,960 shares of the industrial products company’s stock valued at $568,188,000 after buying an additional 42,866 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Ratings Changes

GWW has been the topic of several research analyst reports. Royal Bank of Canada cut their target price on W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Morgan Stanley upped their target price on W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 19th. UBS Group initiated coverage on W.W. Grainger in a research report on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 target price on the stock. Finally, StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, W.W. Grainger has a consensus rating of “Hold” and an average price target of $1,148.56.

W.W. Grainger Stock Up 0.4 %

Shares of NYSE:GWW opened at $1,007.59 on Thursday. The business’s 50 day simple moving average is $1,065.99 and its two-hundred day simple moving average is $1,073.98. The firm has a market cap of $48.58 billion, a P/E ratio of 26.03, a PEG ratio of 2.70 and a beta of 1.17. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49. W.W. Grainger, Inc. has a 52-week low of $874.98 and a 52-week high of $1,227.66.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the prior year, the business posted $8.33 earnings per share. As a group, research analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Monday, February 10th will be paid a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Monday, February 10th. W.W. Grainger’s dividend payout ratio (DPR) is presently 21.18%.

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.