Envestnet Portfolio Solutions Inc. lessened its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,370 shares of the industrial products company's stock after selling 688 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in W.W. Grainger were worth $3,552,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of W.W. Grainger during the 4th quarter valued at about $267,529,000. Proficio Capital Partners LLC acquired a new position in shares of W.W. Grainger during the 4th quarter valued at about $175,000. AustralianSuper Pty Ltd boosted its position in shares of W.W. Grainger by 694.1% during the 4th quarter. AustralianSuper Pty Ltd now owns 76,674 shares of the industrial products company's stock valued at $80,818,000 after acquiring an additional 67,018 shares during the last quarter. Amundi boosted its position in shares of W.W. Grainger by 14.7% during the 4th quarter. Amundi now owns 459,536 shares of the industrial products company's stock valued at $491,170,000 after acquiring an additional 58,978 shares during the last quarter. Finally, Champlain Investment Partners LLC acquired a new position in shares of W.W. Grainger during the 3rd quarter valued at about $55,815,000. Institutional investors and hedge funds own 80.70% of the company's stock.
W.W. Grainger Trading Down 0.2 %
NYSE:GWW traded down $2.09 on Friday, reaching $971.57. 384,960 shares of the company's stock were exchanged, compared to its average volume of 236,991. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $46.85 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. The business has a fifty day moving average of $1,038.34 and a 200-day moving average of $1,076.14. W.W. Grainger, Inc. has a 52-week low of $874.98 and a 52-week high of $1,227.66.
W.W. Grainger (NYSE:GWW - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share (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 quarter in the previous year, the business earned $8.33 EPS. As a group, analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.
W.W. Grainger Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were paid a dividend of $2.05 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a yield of 0.84%. W.W. Grainger's dividend payout ratio (DPR) is presently 21.18%.
Wall Street Analyst Weigh In
GWW has been the topic of several recent research reports. Royal Bank of Canada lowered 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. JPMorgan Chase & Co. reduced 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 report on Monday, February 3rd. StockNews.com lowered shares of W.W. Grainger from a "buy" rating to a "hold" rating in a report on Thursday, December 19th. Finally, William Blair upgraded shares of W.W. Grainger from a "market perform" rating to an "outperform" rating in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $1,151.50.
Read Our Latest Report on W.W. Grainger
W.W. Grainger Company Profile
(
Free Report)
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.
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