Pictet Asset Management Holding SA Has $46.40 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

Pictet Asset Management Holding SA raised its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,022 shares of the industrial products company’s stock after purchasing an additional 1,070 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.09% of W.W. Grainger worth $46,401,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cyrus J. Lawrence LLC bought a new stake in shares of W.W. Grainger during the fourth quarter valued at approximately $31,000. Iron Horse Wealth Management LLC boosted its position 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 valued at $35,000 after buying an additional 10 shares during the last quarter. AlphaMark Advisors LLC bought a new position in W.W. Grainger in the 4th quarter valued at $37,000. OFI Invest Asset Management acquired a new stake in shares of W.W. Grainger in the 4th quarter valued at $42,000. Finally, Atala Financial Inc bought a new stake in shares of W.W. Grainger during the fourth quarter worth $43,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on GWW shares. StockNews.com lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. Royal Bank of Canada lowered their price target on shares of W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped 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 shares of W.W. Grainger from a “market perform” rating to an “outperform” rating in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, three have given 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 an average rating of “Hold” and an average price target of $1,151.50.

W.W. Grainger Stock Performance

GWW stock opened at $973.54 on Monday. W.W. Grainger, Inc. has a 1-year low of $874.98 and a 1-year high of $1,227.66. The company has a current ratio of 2.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.62. The firm has a market cap of $46.94 billion, a PE ratio of 25.15, a P/E/G ratio of 2.70 and a beta of 1.18. The business’s 50-day moving average price is $1,027.35 and its two-hundred day moving average price is $1,077.75.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Friday, January 31st. The industrial products company reported $9.71 earnings per share (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 period last year, the business earned $8.33 earnings per share. As a group, research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Monday, February 10th were issued a dividend of $2.05 per share. The ex-dividend date was Monday, February 10th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.84%. W.W. Grainger’s payout ratio is 21.18%.

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.