W.W. Grainger, Inc. (NYSE:GWW) Position Reduced by Truist Financial Corp

Truist Financial Corp decreased its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,948 shares of the industrial products company’s stock after selling 2,329 shares during the period. Truist Financial Corp’s holdings in W.W. Grainger were worth $23,134,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. raised its holdings in W.W. Grainger by 250.0% during the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 20 shares in the last quarter. Iron Horse Wealth Management LLC grew its position in W.W. Grainger by 43.5% in the fourth quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company’s stock worth $35,000 after buying an additional 10 shares during the last quarter. AlphaMark Advisors LLC acquired a new position in W.W. Grainger in the fourth quarter worth approximately $37,000. Larson Financial Group LLC grew its position in W.W. Grainger by 111.1% in the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock worth $40,000 after buying an additional 20 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in W.W. Grainger in the fourth quarter worth approximately $47,000. Institutional investors own 80.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on GWW. Royal Bank of Canada decreased their price target on shares of 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. StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. decreased their price target on shares of 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. UBS Group started coverage on shares of W.W. Grainger in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 price target on the stock. Finally, Morgan Stanley lifted their price objective on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, W.W. Grainger has an average rating of “Hold” and a consensus price target of $1,148.56.

W.W. Grainger Stock Down 0.2 %

W.W. Grainger stock opened at $1,021.00 on Thursday. The firm’s 50 day moving average price is $1,078.03 and its two-hundred day moving average price is $1,072.33. The firm has a market cap of $49.72 billion, a PE ratio of 26.38, a P/E/G ratio of 2.71 and a beta of 1.17. W.W. Grainger, Inc. has a twelve month low of $874.98 and a twelve month high of $1,227.66. 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 (NYSE:GWW) last announced its quarterly earnings data 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 previous year, the business earned $8.33 EPS. On average, research analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Monday, February 10th will be paid a $2.05 dividend. The ex-dividend date is Monday, February 10th. This represents a $8.20 annualized dividend and a dividend yield of 0.80%. W.W. Grainger’s payout ratio is 21.18%.

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.