Mount Yale Investment Advisors LLC Takes $208,000 Position in W.W. Grainger, Inc. (NYSE:GWW)

Mount Yale Investment Advisors LLC purchased a new stake in W.W. Grainger, Inc. (NYSE:GWW) during the 1st quarter, HoldingsChannel reports. The firm purchased 204 shares of the industrial products company’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its position in W.W. Grainger by 9.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,301 shares of the industrial products company’s stock worth $1,907,000 after buying an additional 196 shares in the last quarter. Ritholtz Wealth Management increased its stake in W.W. Grainger by 2.8% during the fourth quarter. Ritholtz Wealth Management now owns 436 shares of the industrial products company’s stock valued at $361,000 after acquiring an additional 12 shares during the period. Blue Trust Inc. increased its stake in W.W. Grainger by 40.0% during the fourth quarter. Blue Trust Inc. now owns 112 shares of the industrial products company’s stock valued at $93,000 after acquiring an additional 32 shares during the period. Fifth Third Bancorp increased its stake in W.W. Grainger by 1.6% during the fourth quarter. Fifth Third Bancorp now owns 3,789 shares of the industrial products company’s stock valued at $3,140,000 after acquiring an additional 59 shares during the period. Finally, Clarus Wealth Advisors bought a new position in W.W. Grainger during the fourth quarter valued at about $209,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at W.W. Grainger

In other news, SVP Matt Fortin sold 511 shares of the business’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 value of $467,667.20. Following the transaction, the senior vice president now directly owns 1,848 shares of the company’s stock, valued at approximately $1,691,289.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.50% of the stock is owned by company insiders.

W.W. Grainger Price Performance

Shares of GWW traded down $2.00 on Tuesday, hitting $964.81. The company’s stock had a trading volume of 13,003 shares, compared to its average volume of 242,103. The company has a market capitalization of $47.34 billion, a PE ratio of 26.69, a PEG ratio of 1.90 and a beta of 1.17. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.19 and a quick ratio of 1.33. W.W. Grainger, Inc. has a fifty-two week low of $674.41 and a fifty-two week high of $1,034.18. The company has a 50 day moving average price of $924.91 and a 200 day moving average price of $942.71.

Analyst Ratings Changes

Several equities analysts recently issued reports on GWW shares. Erste Group Bank restated a “hold” rating on shares of W.W. Grainger in a research note on Friday, June 14th. Robert W. Baird lowered W.W. Grainger from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $1,000.00 to $975.00 in a research note on Wednesday, May 29th. Loop Capital lowered their price target on W.W. Grainger from $1,000.00 to $975.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. Stephens raised W.W. Grainger from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $1,000.00 to $1,250.00 in a report on Monday, April 29th. Finally, Baird R W downgraded W.W. Grainger from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $997.75.

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.