Tyche Wealth Partners LLC Invests $416,000 in W.W. Grainger, Inc. (NYSE:GWW)

Tyche Wealth Partners LLC purchased a new stake in W.W. Grainger, Inc. (NYSE:GWW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 502 shares of the industrial products company’s stock, valued at approximately $416,000.

Several other large investors also recently made changes to their positions in GWW. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of W.W. Grainger during the fourth quarter valued at approximately $30,000. OFI Invest Asset Management acquired a new position in shares of W.W. Grainger in the 3rd quarter valued at approximately $25,000. Coppell Advisory Solutions LLC purchased a new position in shares of W.W. Grainger during the 2nd quarter valued at approximately $34,000. Clear Street Markets LLC bought a new stake in shares of W.W. Grainger in the fourth quarter worth $26,000. Finally, Valley National Advisers Inc. acquired a new stake in W.W. Grainger in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insider Activity

In related news, VP Paige K. Robbins sold 3,122 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,664,629.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Paige K. Robbins sold 3,122 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the completion of the sale, the vice president now directly owns 4,909 shares in the company, valued at $4,664,629.98. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Paige K. Robbins sold 3,813 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $968.88, for a total value of $3,694,339.44. Following the completion of the transaction, the vice president now directly owns 4,909 shares in the company, valued at $4,756,231.92. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GWW shares. Royal Bank of Canada raised their price objective on shares of W.W. Grainger from $809.00 to $907.00 and gave the stock a “sector perform” rating in a report on Monday, February 5th. JPMorgan Chase & Co. upped their price target on W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Oppenheimer increased their target price on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Stephens lifted their target price on W.W. Grainger from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Finally, Loop Capital lowered W.W. Grainger from a “buy” rating to a “hold” rating and increased their target price for the stock from $925.00 to $1,000.00 in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, W.W. Grainger has a consensus rating of “Hold” and a consensus target price of $913.89.

W.W. Grainger Price Performance

NYSE GWW opened at $949.92 on Thursday. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.66. W.W. Grainger, Inc. has a 1 year low of $641.95 and a 1 year high of $1,034.18. The company has a market cap of $46.67 billion, a PE ratio of 26.23, a PEG ratio of 1.87 and a beta of 1.14. The stock’s 50-day moving average price is $980.02 and its two-hundred day moving average price is $863.40.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Friday, February 2nd. The industrial products company reported $8.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.05 by $0.28. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $4.04 billion. W.W. Grainger had a net margin of 11.10% and a return on equity of 56.54%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.14 earnings per share. On average, analysts predict that W.W. Grainger, Inc. will post 39.26 EPS for the current year.

W.W. Grainger Dividend Announcement

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

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.