Ontario Teachers Pension Plan Board reduced its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 8.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,089 shares of the industrial products company’s stock after selling 2,325 shares during the period. Ontario Teachers Pension Plan Board’s holdings in W.W. Grainger were worth $4,529,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Cypress Wealth Advisors LLC boosted its holdings in W.W. Grainger by 0.4% in the 1st quarter. Cypress Wealth Advisors LLC now owns 988 shares of the industrial products company’s stock worth $230,000 after buying an additional 4 shares during the period. Trust Co. of Vermont boosted its holdings in W.W. Grainger by 0.7% in the 2nd quarter. Trust Co. of Vermont now owns 1,293 shares of the industrial products company’s stock worth $234,000 after buying an additional 9 shares during the period. Brown Advisory Securities LLC boosted its holdings in W.W. Grainger by 1.5% in the 1st quarter. Brown Advisory Securities LLC now owns 1,001 shares of the industrial products company’s stock worth $232,000 after buying an additional 15 shares during the period. Profund Advisors LLC boosted its holdings in W.W. Grainger by 1.2% in the 2nd quarter. Profund Advisors LLC now owns 1,394 shares of the industrial products company’s stock worth $252,000 after buying an additional 17 shares during the period. Finally, Nippon Life Insurance Co. boosted its holdings in W.W. Grainger by 0.3% in the 2nd quarter. Nippon Life Insurance Co. now owns 5,604 shares of the industrial products company’s stock worth $1,012,000 after buying an additional 19 shares during the period. 80.58% of the stock is owned by hedge funds and other institutional investors.

Shares of W.W. Grainger, Inc. (NYSE:GWW) opened at 179.75 on Friday. 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 cap of $10.37 billion, a PE ratio of 20.72 and a beta of 0.74. The stock’s 50 day moving average is $164.63 and its 200 day moving average is $187.97.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.65 by $0.09. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period in the prior year, the business posted $2.89 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. Equities research analysts forecast that W.W. Grainger, Inc. will post $10.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were given a dividend of $1.28 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 2.85%. W.W. Grainger’s dividend payout ratio is 59.12%.

Several research analysts recently commented on GWW shares. Zacks Investment Research raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a report on Friday, July 21st. BidaskClub raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Credit Suisse Group raised shares of W.W. Grainger to a “hold” rating and set a $175.00 price objective for the company in a report on Wednesday, July 19th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $174.00 price objective (down from $202.50) on shares of W.W. Grainger in a report on Wednesday, July 12th. Finally, Northcoast Research started coverage on shares of W.W. Grainger in a report on Tuesday, July 25th. They issued a “neutral” rating for the company. Six equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $179.42.

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W.W. Grainger Company Profile

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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