Guided Capital Wealth Management LLC Invests in W.W. Grainger, Inc.

During the fourth quarter, Guided Capital Wealth Management LLC has acquired a new stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report). This information comes from the company’s latest disclosure to the Securities and Exchange Commission. Guided Capital Wealth Management LLC purchased 1,540 shares of W.W. Grainger's stock, which amounts to an estimated total value of approximately $1,623,000.

Currently, W.W. Grainger represents about 1.5% of Guided Capital Wealth Management LLC's total holdings, positioning it as the 17th largest investment in their portfolio.

Recent Changes from Other Institutional Investors

Other institutional investors have also made adjustments to their positions in W.W. Grainger recently. For instance, State Street Corp increased its stake by 2.3% in the third quarter, bringing their total ownership to 1,997,191 shares valued at around $2,074,702,000 after acquiring 45,369 additional shares. Similarly, FMR LLC also raised its stake by 2.6% and now owns 1,617,149 shares worth approximately $1,679,911,000 after buying an extra 40,992 shares. Geode Capital Management LLC and UBS Asset Management Americas LLC have also grown their holdings in W.W. Grainger significantly, reflecting a general trend of institutional interest towards this industrial products company.

As a result, such hedge funds and institutional investors collectively own 80.70% of W.W. Grainger's stock.

Analyst Ratings Update

Several equity analysts have provided updates on W.W. Grainger’s stock ratings. Morgan Stanley recently raised its price target from $990.00 to $1,215.00 and maintained an "equal weight" rating. UBS Group has initiated coverage on the stock at a "neutral" rating with a target price of $1,280.00. Conversely, StockNews.com downgraded W.W. Grainger from a "buy" to a "hold" rating. Robert W. Baird upped the stock's rating from "neutral" to "outperform," setting a new target price of $1,230.00. Meanwhile, JPMorgan Chase & Co. reduced their price objective to $1,100.00 while retaining a "neutral" rating. The stock has received a mix of ratings from analysts, including one sell rating, ten hold ratings, two buy ratings, and one strong buy rating. The consensus indicates an average rating of "Hold" with an average target price of $1,148.56.

W.W. Grainger’s Stock Performance

As of Wednesday, the stock of W.W. Grainger (NYSE GWW) opened at $1,046.62. Over the past year, it has seen a low of $874.98 and a high of $1,227.66. The company's financial metrics include a debt-to-equity ratio of 0.62 and a quick ratio of 1.49. Moreover, the stock has maintained an average of $1,095.78 over the last 50 days and $1,070.37 over the past 200 days. W.W. Grainger currently has a market capitalization of $50.97 billion and a price-to-earnings (P/E) ratio of 27.04.

Dividend Announcement from W.W. Grainger

Recently, W.W. Grainger announced that it will pay its quarterly dividend on March 1st. Shareholders as of February 10th will receive a dividend of $2.05, indicating a total annualized dividend of $8.20 and a yield of 0.78%. The company’s payout ratio is presently at 21.18%.

Background on W.W. Grainger

W.W. Grainger, Inc. distributes maintenance, repair, and operating products, mainly across North America, Japan, and the UK, among others. The company operates through two main segments: High-Touch Solutions N.A. and Endless Assortment, providing various products including safety equipment, plumbing supplies, and hand tools.

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