EverSource Wealth Advisors LLC Has $168,000 Holdings in W.W. Grainger, Inc. (NYSE:GWW)

EverSource Wealth Advisors LLC boosted its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203 shares of the industrial products company’s stock after purchasing an additional 11 shares during the period. EverSource Wealth Advisors LLC’s holdings in W.W. Grainger were worth $168,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC bought a new position in shares of W.W. Grainger in the fourth quarter valued at about $30,000. Valley National Advisers Inc. bought a new position in shares of W.W. Grainger in the fourth quarter worth about $40,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of W.W. Grainger during the fourth quarter worth approximately $45,000. Friedenthal Financial bought a new stake in shares of W.W. Grainger during the fourth quarter valued at approximately $45,000. Finally, CVA Family Office LLC acquired a new stake in shares of W.W. Grainger in the fourth quarter valued at approximately $51,000. Institutional investors own 80.70% of the company’s stock.

Analyst Ratings Changes

GWW has been the topic of a number of recent research reports. Oppenheimer increased their price objective on 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. Royal Bank of Canada boosted 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. UBS Group raised their target price on shares of 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. JPMorgan Chase & Co. boosted their price target on shares of W.W. Grainger from $800.00 to $925.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. Finally, StockNews.com raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, W.W. Grainger currently has an average rating of “Hold” and an average target price of $938.89.

W.W. Grainger Trading Up 1.2 %

Shares of GWW stock traded up $11.70 on Friday, hitting $966.40. The stock had a trading volume of 158,522 shares, compared to its average volume of 238,277. The company has a current ratio of 2.19, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. W.W. Grainger, Inc. has a twelve month low of $641.95 and a twelve month high of $1,034.18. The company has a fifty day moving average price of $970.30 and a two-hundred day moving average price of $905.33. The firm has a market cap of $47.42 billion, a P/E ratio of 26.68, a PEG ratio of 1.87 and a beta of 1.18.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Thursday, April 25th. The industrial products company reported $9.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.57 by $0.05. The firm had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.26 billion. W.W. Grainger had a return on equity of 54.31% and a net margin of 10.94%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $9.61 earnings per share. As a group, analysts forecast that W.W. Grainger, Inc. will post 39.34 earnings per share for the current fiscal year.

W.W. Grainger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Monday, May 13th will be paid a $2.05 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $8.20 dividend on an annualized basis and a yield of 0.85%. This is a positive change from W.W. Grainger’s previous quarterly dividend of $1.86. W.W. Grainger’s payout ratio is presently 22.64%.

Insider Activity

In related news, VP Paige K. Robbins sold 3,813 shares of the business’s stock in a transaction on 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 sale, the vice president now directly owns 4,909 shares of the company’s stock, valued at approximately $4,756,231.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.50% of the company’s stock.

About W.W. Grainger

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.