Envestnet Portfolio Solutions Inc. Decreases Stake in W.W. Grainger, Inc. (NYSE:GWW)

Envestnet Portfolio Solutions Inc. lessened its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 17.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of W.W. Grainger by 2.3% in the third quarter. State Street Corp now owns 1,997,191 shares of the industrial products company’s stock valued at $2,074,702,000 after purchasing an additional 45,369 shares in the last quarter. FMR LLC grew its stake in shares of W.W. Grainger by 2.6% in the 3rd quarter. FMR LLC now owns 1,617,149 shares of the industrial products company’s stock worth $1,679,911,000 after buying an additional 40,992 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of W.W. Grainger by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,167,031 shares of the industrial products company’s stock worth $1,208,610,000 after buying an additional 28,626 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of W.W. Grainger by 8.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 546,960 shares of the industrial products company’s stock valued at $568,188,000 after buying an additional 42,866 shares in the last quarter. Finally, Amundi lifted its holdings in shares of W.W. Grainger by 14.7% in 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. Institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Royal Bank of Canada decreased their price objective 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 downgraded W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. 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. Finally, JPMorgan Chase & Co. reduced their target price 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 note on Monday, February 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, W.W. Grainger presently has a consensus rating of “Hold” and a consensus price target of $1,151.50.

W.W. Grainger Trading Up 0.9 %

Shares of NYSE:GWW opened at $983.72 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.49 and a quick ratio of 1.49. The business’s 50-day moving average is $1,041.86 and its 200 day moving average is $1,076.14. The firm has a market capitalization of $47.43 billion, a P/E ratio of 25.41, a P/E/G ratio of 2.70 and a beta of 1.18. W.W. Grainger, Inc. has a 1 year low of $874.98 and a 1 year high of $1,227.66.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 EPS 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 quarter last year, the firm earned $8.33 EPS. On average, research analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were given a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 0.83%. The ex-dividend date was Monday, February 10th. W.W. Grainger’s dividend payout ratio is currently 21.18%.

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.