Canada Pension Plan Investment Board grew its stake in shares of W W Grainger Inc (NYSE:GWW) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,048 shares of the industrial products company’s stock after purchasing an additional 5,940 shares during the quarter. Canada Pension Plan Investment Board owned 0.20% of W W Grainger worth $34,864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Sei Investments Co. lifted its stake in shares of W W Grainger by 130.2% in the first quarter. Sei Investments Co. now owns 20,384 shares of the industrial products company’s stock worth $5,754,000 after acquiring an additional 11,531 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of W W Grainger by 6.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 11,405 shares of the industrial products company’s stock worth $3,518,000 after acquiring an additional 647 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of W W Grainger by 4,040.2% in the second quarter. Meeder Asset Management Inc. now owns 11,634 shares of the industrial products company’s stock worth $3,588,000 after acquiring an additional 11,353 shares in the last quarter. MainStreet Investment Advisors LLC lifted its stake in shares of W W Grainger by 11.2% in the second quarter. MainStreet Investment Advisors LLC now owns 13,891 shares of the industrial products company’s stock worth $4,284,000 after acquiring an additional 1,395 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of W W Grainger by 3.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 218,402 shares of the industrial products company’s stock worth $61,649,000 after acquiring an additional 7,746 shares in the last quarter. Institutional investors own 77.56% of the company’s stock.

Several research analysts recently commented on GWW shares. Stifel Nicolaus boosted their price target on W W Grainger from $270.00 to $297.00 and gave the stock a “hold” rating in a research note on Monday, April 23rd. ValuEngine upgraded W W Grainger from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut W W Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Wolfe Research started coverage on W W Grainger in a research note on Wednesday, June 27th. They issued a “market perform” rating on the stock. Finally, Robert W. Baird cut W W Grainger from an “outperform” rating to a “neutral” rating and set a $240.00 price target on the stock. in a research note on Tuesday, July 3rd. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $295.36.

In related news, Chairman Donald G. Macpherson sold 21,448 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $342.39, for a total value of $7,343,580.72. Following the completion of the sale, the chairman now directly owns 39,118 shares of the company’s stock, valued at $13,393,612.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brian P. Anderson sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $360.18, for a total value of $360,180.00. Following the completion of the sale, the director now directly owns 4,040 shares of the company’s stock, valued at $1,455,127.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,247 shares of company stock valued at $8,937,310. 10.10% of the stock is owned by corporate insiders.

Shares of W W Grainger stock opened at $357.73 on Monday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.37 and a quick ratio of 1.34. The stock has a market capitalization of $19.72 billion, a P/E ratio of 31.22, a PEG ratio of 1.76 and a beta of 0.86. W W Grainger Inc has a fifty-two week low of $155.00 and a fifty-two week high of $365.00.

W W Grainger (NYSE:GWW) last announced its quarterly earnings data on Wednesday, July 18th. The industrial products company reported $4.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.78 by $0.59. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.82 billion. W W Grainger had a return on equity of 42.66% and a net margin of 7.16%. W W Grainger’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 earnings per share. equities research analysts anticipate that W W Grainger Inc will post 16.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 1st. Investors of record on Monday, August 13th will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, August 10th. W W Grainger’s dividend payout ratio is currently 47.47%.

W W Grainger Company Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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Institutional Ownership by Quarter for W W Grainger (NYSE:GWW)

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