JPMorgan Chase & Co. Sells 388,425 Shares of W.W. Grainger, Inc. (NYSE:GWW)

JPMorgan Chase & Co. trimmed its holdings in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 34.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 746,767 shares of the industrial products company's stock after selling 388,425 shares during the period. JPMorgan Chase & Co. owned 1.53% of W.W. Grainger worth $787,132,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Busey Bank raised its position in shares of W.W. Grainger by 1.5% in the fourth quarter. Busey Bank now owns 615 shares of the industrial products company's stock valued at $648,000 after purchasing an additional 9 shares during the period. Angeles Wealth Management LLC grew its stake in W.W. Grainger by 2.1% in the 4th quarter. Angeles Wealth Management LLC now owns 438 shares of the industrial products company's stock valued at $462,000 after buying an additional 9 shares during the last quarter. Iron Horse Wealth Management LLC raised its holdings in W.W. Grainger by 43.5% in the 4th quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company's stock worth $35,000 after acquiring an additional 10 shares during the period. Welch & Forbes LLC boosted its holdings in W.W. Grainger by 2.1% during the fourth quarter. Welch & Forbes LLC now owns 481 shares of the industrial products company's stock valued at $507,000 after acquiring an additional 10 shares during the period. Finally, United Community Bank boosted its stake in W.W. Grainger by 6.9% during the 4th quarter. United Community Bank now owns 155 shares of the industrial products company's stock valued at $163,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 80.70% of the company's stock.

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W.W. Grainger Price Performance

Shares of NYSE:GWW traded up $2.39 during trading on Tuesday, reaching $990.22. The stock had a trading volume of 117,975 shares, compared to its average volume of 246,731. The stock has a market capitalization of $47.75 billion, a PE ratio of 25.59, a P/E/G ratio of 2.70 and a beta of 1.18. W.W. Grainger, Inc. has a 52 week low of $874.98 and a 52 week high of $1,227.66. The business's 50-day moving average price is $1,024.86 and its 200 day moving average price is $1,077.69. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.49 and a quick ratio of 1.49.

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 last year, the business posted $8.33 earnings per share. As a group, equities analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GWW. JPMorgan Chase & Co. reduced their price objective on W.W. Grainger from $1,125.00 to $1,100.00 and set a "neutral" rating for the company 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. Royal Bank of Canada dropped their price objective 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 report on Monday, February 3rd. Finally, William Blair raised W.W. Grainger from a "market perform" rating to an "outperform" rating in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $1,151.50.

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.