Envestnet Asset Management Inc. Has $101.53 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Envestnet Asset Management Inc. trimmed its position in W.W. Grainger, Inc. (NYSE:GWW) by 9.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 112,530 shares of the industrial products company’s stock after selling 11,876 shares during the period. Envestnet Asset Management Inc.’s holdings in W.W. Grainger were worth $101,529,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in W.W. Grainger by 5.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the industrial products company’s stock worth $168,000 after acquiring an additional 11 shares in the last quarter. Hexagon Capital Partners LLC grew its position in W.W. Grainger by 10.0% during the first quarter. Hexagon Capital Partners LLC now owns 121 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 11 shares in the last quarter. Optas LLC grew its position in W.W. Grainger by 0.8% during the second quarter. Optas LLC now owns 1,353 shares of the industrial products company’s stock valued at $1,221,000 after purchasing an additional 11 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in W.W. Grainger by 2.7% during the first quarter. Aaron Wealth Advisors LLC now owns 463 shares of the industrial products company’s stock valued at $471,000 after purchasing an additional 12 shares in the last quarter. Finally, Copperwynd Financial LLC lifted its position in W.W. Grainger by 3.6% in the 4th quarter. Copperwynd Financial LLC now owns 347 shares of the industrial products company’s stock worth $288,000 after buying an additional 12 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at W.W. Grainger

In other news, SVP Matt Fortin sold 511 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $915.20, for a total transaction of $467,667.20. Following the completion of the transaction, the senior vice president now directly owns 1,848 shares in the company, valued at $1,691,289.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 9.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Baird R W cut shares of W.W. Grainger from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Royal Bank of Canada dropped their target price on W.W. Grainger from $978.00 to $972.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird lowered W.W. Grainger from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $1,000.00 to $975.00 in a report on Wednesday, May 29th. Morgan Stanley initiated coverage on shares of W.W. Grainger in a research report on Friday, September 6th. They set an “equal weight” rating and a $990.00 price objective on the stock. Finally, StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1,014.11.

W.W. Grainger Trading Up 0.6 %

Shares of GWW stock opened at $1,013.92 on Wednesday. The business’s 50 day moving average is $961.14 and its two-hundred day moving average is $954.95. The company has a quick ratio of 1.40, a current ratio of 2.30 and a debt-to-equity ratio of 0.50. W.W. Grainger, Inc. has a 12 month low of $674.41 and a 12 month high of $1,034.18. The company has a market cap of $49.75 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.16.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.58 by $0.18. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the business posted $9.28 EPS. W.W. Grainger’s revenue was up 3.1% compared to the same quarter last year. Equities analysts predict that W.W. Grainger, Inc. will post 38.75 EPS for the current year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Monday, August 12th were paid a dividend of $2.05 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $8.20 annualized dividend and a yield of 0.81%. W.W. Grainger’s payout ratio is 22.64%.

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.