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

Envestnet Portfolio Solutions Inc. decreased its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 9.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,971 shares of the industrial products company’s stock after selling 407 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in W.W. Grainger were worth $3,583,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. ORG Partners LLC raised its holdings in shares of W.W. Grainger by 1,201.6% in the 2nd quarter. ORG Partners LLC now owns 833 shares of the industrial products company’s stock valued at $748,000 after acquiring an additional 769 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of W.W. Grainger by 1.3% in the 2nd quarter. V Square Quantitative Management LLC now owns 1,804 shares of the industrial products company’s stock valued at $1,628,000 after acquiring an additional 24 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of W.W. Grainger by 4.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 15,973 shares of the industrial products company’s stock valued at $14,411,000 after acquiring an additional 730 shares in the last quarter. Diversified Trust Co raised its holdings in shares of W.W. Grainger by 280.4% in the 2nd quarter. Diversified Trust Co now owns 2,621 shares of the industrial products company’s stock valued at $2,365,000 after acquiring an additional 1,932 shares in the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of W.W. Grainger by 5.2% in the 2nd quarter. Wedmont Private Capital now owns 626 shares of the industrial products company’s stock valued at $575,000 after acquiring an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Insider Buying and Selling at W.W. Grainger

In other W.W. Grainger news, SVP Matt Fortin sold 511 shares of W.W. Grainger stock in a transaction 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 owns 1,848 shares in the company, valued at $1,691,289.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.50% of the stock is owned by company insiders.

W.W. Grainger Trading Up 1.3 %

Shares of GWW stock traded up $12.04 during trading hours on Thursday, reaching $964.74. The company’s stock had a trading volume of 111,522 shares, compared to its average volume of 245,249. The stock has a market capitalization of $47.34 billion, a P/E ratio of 26.30, a P/E/G ratio of 1.85 and a beta of 1.17. W.W. Grainger, Inc. has a one year low of $674.41 and a one year high of $1,034.18. The firm’s fifty day simple moving average is $932.22 and its 200 day simple moving average is $950.32. The company has a current ratio of 2.30, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $9.76 earnings per share for the quarter, topping analysts’ consensus estimates of $9.58 by $0.18. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the company earned $9.28 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts expect that W.W. Grainger, Inc. will post 39.1 EPS for the current year.

W.W. Grainger Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Monday, August 12th will be given a dividend of $2.05 per share. The ex-dividend date is Monday, August 12th. This represents a $8.20 annualized dividend and a dividend yield of 0.85%. W.W. Grainger’s dividend payout ratio is presently 22.64%.

Analyst Upgrades and Downgrades

GWW has been the topic of several recent analyst reports. 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 report on Monday, April 29th. Baird R W cut W.W. Grainger from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Stephens raised W.W. Grainger from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $1,000.00 to $1,250.00 in a report on Monday, April 29th. StockNews.com cut W.W. Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, Robert W. Baird cut W.W. Grainger from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $1,000.00 to $975.00 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $1,017.13.

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.