Strs Ohio raised its position in shares of W W Grainger Inc (NYSE:GWW) by 29.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,127 shares of the industrial products company’s stock after acquiring an additional 1,864 shares during the period. Strs Ohio’s holdings in W W Grainger were worth $2,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of W W Grainger by 1.4% during the 1st quarter. BlackRock Inc. now owns 3,563,639 shares of the industrial products company’s stock worth $1,005,907,000 after acquiring an additional 47,517 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in W W Grainger by 34,096.9% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 445,586 shares of the industrial products company’s stock valued at $1,454,000 after buying an additional 444,283 shares during the period. Bank of Montreal Can raised its holdings in W W Grainger by 493.8% during the 2nd quarter. Bank of Montreal Can now owns 404,210 shares of the industrial products company’s stock valued at $124,656,000 after buying an additional 336,133 shares during the period. Millennium Management LLC raised its holdings in W W Grainger by 4,050.2% during the 1st quarter. Millennium Management LLC now owns 283,503 shares of the industrial products company’s stock valued at $80,024,000 after buying an additional 276,672 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in W W Grainger by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 272,674 shares of the industrial products company’s stock valued at $76,968,000 after buying an additional 2,932 shares during the period. 78.53% of the stock is currently owned by institutional investors and hedge funds.

GWW has been the topic of several recent research reports. BMO Capital Markets increased their price target on W W Grainger from $255.00 to $267.00 and gave the company a “market perform” rating in a report on Friday, July 6th. Oppenheimer increased their price target on W W Grainger from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Thursday. UBS Group upgraded W W Grainger from a “sell” rating to a “neutral” rating and increased their price target for the company from $240.00 to $340.00 in a report on Wednesday, July 18th. Wells Fargo & Co restated a “hold” rating on shares of W W Grainger in a report on Wednesday, July 18th. Finally, Macquarie increased their price target on W W Grainger from $314.00 to $358.00 and gave the company a “neutral” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company’s stock. W W Grainger currently has a consensus rating of “Hold” and an average target price of $300.87.

Shares of W W Grainger stock opened at $365.15 on Friday. The firm has a market capitalization of $20.63 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 1.84 and a beta of 0.86. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.34 and a current ratio of 2.37. W W Grainger Inc has a 52 week low of $155.00 and a 52 week high of $372.06.

W W Grainger (NYSE:GWW) last announced its quarterly earnings data on Wednesday, July 18th. The industrial products company reported $4.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.78 by $0.59. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted $1.67 EPS. equities analysts expect that W W Grainger Inc will post 16.03 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 1st. Shareholders of record on Monday, August 13th will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 1.49%. The ex-dividend date is Friday, August 10th. W W Grainger’s dividend payout ratio (DPR) is presently 47.47%.

In other W W Grainger news, Chairman Donald G. Macpherson sold 21,448 shares of the company’s stock in a transaction on 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 transaction, the chairman now owns 39,118 shares of the company’s stock, valued at approximately $13,393,612.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Eric R. Tapia sold 2,265 shares of the company’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $315.57, for a total value of $714,766.05. Following the completion of the transaction, the vice president now directly owns 4,637 shares in the company, valued at approximately $1,463,298.09. The disclosure for this sale can be found here. Insiders sold a total of 41,237 shares of company stock worth $14,456,628 in the last ninety days. 10.10% of the stock is currently owned by corporate insiders.

W W Grainger 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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