Sei Investments Co. Has $29.99 Million Stock Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Sei Investments Co. cut its position in W.W. Grainger, Inc. (NYSE:GWW) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,457 shares of the industrial products company’s stock after selling 4,014 shares during the period. Sei Investments Co.’s holdings in W.W. Grainger were worth $29,994,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cyrus J. Lawrence LLC acquired a new stake in W.W. Grainger in the fourth quarter valued at approximately $31,000. Iron Horse Wealth Management LLC increased its stake in 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 purchasing an additional 10 shares in the last quarter. AlphaMark Advisors LLC acquired a new position in W.W. Grainger during the fourth quarter worth $37,000. Larson Financial Group LLC lifted its stake in shares of W.W. Grainger by 111.1% in the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock valued at $40,000 after buying an additional 20 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of W.W. Grainger during the fourth quarter valued at about $42,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GWW. Royal Bank of Canada cut their target price on 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. StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. decreased their price target on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, William Blair raised 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 assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,151.50.

W.W. Grainger Stock Performance

NYSE:GWW opened at $989.47 on Wednesday. W.W. Grainger, Inc. has a 52-week low of $874.98 and a 52-week high of $1,227.66. The business’s fifty day moving average is $1,034.72 and its 200 day moving average is $1,077.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49. The firm has a market cap of $47.71 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 2.70 and a beta of 1.18.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $9.75 by ($0.04). W.W. Grainger had a net margin of 11.12% and a return on equity of 52.43%. During the same period in the prior year, the firm earned $8.33 EPS. Research analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The company 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 annualized dividend and a 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%.

About W.W. Grainger

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.