Envestnet Asset Management Inc. Has $111.10 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Envestnet Asset Management Inc. trimmed its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,401 shares of the industrial products company's stock after selling 6,545 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.22% of W.W. Grainger worth $111,098,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GWW. Cyrus J. Lawrence LLC bought a new stake in W.W. Grainger during the fourth quarter valued at $31,000. Iron Horse Wealth Management LLC grew its position in shares of W.W. Grainger by 43.5% during the 4th quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company's stock valued at $35,000 after buying an additional 10 shares during the last quarter. AlphaMark Advisors LLC acquired a new stake in W.W. Grainger during the fourth quarter worth about $37,000. OFI Invest Asset Management bought a new position in W.W. Grainger in the fourth quarter worth about $42,000. Finally, Atala Financial Inc acquired a new position in W.W. Grainger in the fourth quarter valued at approximately $43,000. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Price Performance

NYSE:GWW traded up $32.19 during midday trading on Friday, hitting $992.88. 395,299 shares of the stock were exchanged, compared to its average volume of 253,408. The company has a market capitalization of $47.87 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 2.70 and a beta of 1.20. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. W.W. Grainger, Inc. has a one year low of $874.98 and a one year high of $1,227.66. The business has a 50-day moving average price of $993.18 and a two-hundred day moving average price of $1,072.32.

Remove Ads

W.W. Grainger (NYSE:GWW - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 EPS for the quarter, missing analysts' consensus estimates 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 company posted $8.33 earnings per share. Sell-side analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were paid a $2.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $8.20 annualized dividend and a dividend yield of 0.83%. W.W. Grainger's dividend payout ratio is currently 21.18%.

Wall Street Analyst Weigh In

GWW has been the topic of several recent research reports. Royal Bank of Canada cut their price target on W.W. Grainger from $1,113.00 to $1,112.00 and set a "sector perform" rating on the stock in a report on Monday, February 3rd. Wolfe Research cut W.W. Grainger from a "peer perform" rating to an "underperform" rating and set a $966.00 target price on the stock. in a research note on Thursday, April 3rd. William Blair upgraded shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a research report on Monday, March 10th. JPMorgan Chase & Co. cut their price objective 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. Finally, StockNews.com cut shares of W.W. Grainger from a "buy" rating to a "hold" rating in a research report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, W.W. Grainger has an average rating of "Hold" and a consensus target price of $1,130.89.

Insider Activity at W.W. Grainger

In other W.W. Grainger news, CFO Deidra C. Merriwether sold 1,164 shares of W.W. Grainger stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $997.12, for a total value of $1,160,647.68. Following the transaction, the chief financial officer now owns 10,235 shares in the company, valued at approximately $10,205,523.20. The trade was a 10.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.10% of the company's stock.

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.