River Road Asset Management LLC lowered its stake in W.W. Grainger, Inc. (NYSE:GWW) by 28.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 159,157 shares of the industrial products company’s stock after selling 63,353 shares during the period. River Road Asset Management LLC owned approximately 0.28% of W.W. Grainger worth $28,733,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Neuberger Berman Group LLC increased its stake in shares of W.W. Grainger by 16.3% in the second quarter. Neuberger Berman Group LLC now owns 852,421 shares of the industrial products company’s stock valued at $153,888,000 after buying an additional 119,186 shares during the period. Tobam acquired a new stake in shares of W.W. Grainger during the second quarter valued at $7,228,000. Pacer Advisors Inc. increased its stake in shares of W.W. Grainger by 7.5% in the second quarter. Pacer Advisors Inc. now owns 1,248 shares of the industrial products company’s stock valued at $225,000 after buying an additional 87 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of W.W. Grainger by 17.7% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,240 shares of the industrial products company’s stock valued at $2,571,000 after buying an additional 2,140 shares during the period. Finally, Andra AP fonden increased its stake in shares of W.W. Grainger by 94.7% in the second quarter. Andra AP fonden now owns 18,500 shares of the industrial products company’s stock valued at $3,340,000 after buying an additional 9,000 shares during the period. Institutional investors and hedge funds own 80.55% of the company’s stock.

W.W. Grainger, Inc. (NYSE:GWW) opened at 156.25 on Tuesday. W.W. Grainger, Inc. has a 12-month low of $155.00 and a 12-month high of $262.71. The company’s 50-day moving average is $167.12 and its 200 day moving average is $199.00. The stock has a market capitalization of $9.01 billion, a PE ratio of 18.01 and a beta of 0.74.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the prior year, the firm earned $2.89 EPS. The company’s revenue was up 2.0% on a year-over-year basis. On average, analysts predict that W.W. Grainger, Inc. will post $10.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Thursday, August 10th. W.W. Grainger’s dividend payout ratio is currently 59.12%.

ILLEGAL ACTIVITY WARNING: “River Road Asset Management LLC Sells 63,353 Shares of W.W. Grainger, Inc. (GWW)” was published by Watch List News and is the property of of Watch List News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.watchlistnews.com/river-road-asset-management-llc-sells-63353-shares-of-w-w-grainger-inc-gww/1529626.html.

Several brokerages have recently weighed in on GWW. KeyCorp reiterated a “sector weight” rating on shares of W.W. Grainger in a research note on Monday, August 21st. Northcoast Research began coverage on shares of W.W. Grainger in a research note on Tuesday, July 25th. They set a “neutral” rating for the company. Zacks Investment Research upgraded shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Morgan Stanley decreased their target price on shares of W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating for the company in a research note on Thursday, July 20th. Finally, Credit Suisse Group reiterated an “underperform” rating and set a $150.00 target price (down previously from $175.00) on shares of W.W. Grainger in a research note on Thursday, July 20th. Five equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $180.33.

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)

Receive News & Ratings for W.W. Grainger Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.W. Grainger Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.