Janney Montgomery Scott LLC grew its stake in W.W. Grainger, Inc. (NYSE:GWW) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,716 shares of the industrial products company’s stock after purchasing an additional 320 shares during the period. Janney Montgomery Scott LLC’s holdings in W.W. Grainger were worth $1,926,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in GWW. Beach Investment Management LLC. purchased a new stake in W.W. Grainger in the 2nd quarter worth approximately $266,000. Schwab Charles Investment Management Inc. boosted its position in W.W. Grainger by 4.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 198,298 shares of the industrial products company’s stock worth $35,799,000 after purchasing an additional 7,957 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in W.W. Grainger by 21.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 6,347 shares of the industrial products company’s stock worth $1,184,000 after purchasing an additional 1,122 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in W.W. Grainger by 3.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,888 shares of the industrial products company’s stock worth $6,118,000 after purchasing an additional 1,164 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in W.W. Grainger by 6.5% in the 2nd quarter. Legal & General Group Plc now owns 288,768 shares of the industrial products company’s stock worth $52,129,000 after purchasing an additional 17,680 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

Shares of W.W. Grainger, Inc. (NYSE GWW) opened at $229.92 on Tuesday. W.W. Grainger, Inc. has a 52 week low of $155.00 and a 52 week high of $262.71. The stock has a market capitalization of $13,104.42, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 2.21 and a beta of 0.82. The company has a quick ratio of 1.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.19.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.34. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the company earned $3.06 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. sell-side analysts anticipate that W.W. Grainger, Inc. will post 10.71 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 13th were paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Friday, November 10th. W.W. Grainger’s dividend payout ratio (DPR) is presently 60.95%.

A number of brokerages have recently issued reports on GWW. Oppenheimer upgraded W.W. Grainger from a “market perform” rating to an “outperform” rating and set a $245.00 target price on the stock in a research report on Wednesday, October 18th. KeyCorp reiterated a “sector weight” rating on shares of W.W. Grainger in a research report on Monday, August 21st. Morgan Stanley reiterated an “underweight” rating and set a $178.00 target price (up previously from $172.00) on shares of W.W. Grainger in a research report on Monday, October 2nd. Royal Bank of Canada increased their target price on W.W. Grainger from $146.00 to $148.00 and gave the company an “underperform” rating in a research report on Tuesday, November 7th. Finally, Atlantic Securities upgraded W.W. Grainger from an “underweight” rating to a “neutral” rating in a research report on Thursday, October 19th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. W.W. Grainger currently has an average rating of “Hold” and a consensus price target of $191.23.

In related news, VP Paige K. Robbins sold 346 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $202.31, for a total transaction of $69,999.26. Following the completion of the sale, the vice president now directly owns 8,400 shares of the company’s stock, valued at approximately $1,699,404. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Eric R. Tapia sold 190 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $208.26, for a total value of $39,569.40. Following the sale, the vice president now directly owns 3,748 shares of the company’s stock, valued at $780,558.48. The disclosure for this sale can be found here. Insiders sold a total of 21,536 shares of company stock valued at $4,741,329 over the last ninety days. Corporate insiders own 9.60% of the company’s stock.

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About W.W. Grainger

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

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

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