Teacher Retirement System of Texas boosted its position in W.W. Grainger, Inc. (NYSE:GWW) by 274.3% during the second quarter, Holdings Channel reports. The institutional investor owned 125,384 shares of the industrial products company’s stock after buying an additional 91,886 shares during the period. Teacher Retirement System of Texas’ holdings in W.W. Grainger were worth $22,636,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GWW. Teachers Advisors LLC increased its position in W.W. Grainger by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 68,598 shares of the industrial products company’s stock worth $15,932,000 after buying an additional 3,143 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in W.W. Grainger by 1.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 46,664 shares of the industrial products company’s stock worth $10,861,000 after buying an additional 867 shares in the last quarter. Creative Planning increased its position in W.W. Grainger by 1.1% in the first quarter. Creative Planning now owns 6,885 shares of the industrial products company’s stock worth $1,603,000 after buying an additional 76 shares in the last quarter. Gulf International Bank UK Ltd increased its position in W.W. Grainger by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 17,186 shares of the industrial products company’s stock worth $4,000,000 after buying an additional 250 shares in the last quarter. Finally, National Pension Service increased its position in W.W. Grainger by 8.8% in the first quarter. National Pension Service now owns 51,405 shares of the industrial products company’s stock worth $12,022,000 after buying an additional 4,139 shares in the last quarter. Hedge funds and other institutional investors own 82.43% of the company’s stock.

Shares of W.W. Grainger, Inc. (NYSE GWW) opened at 163.82 on Friday. The company has a market capitalization of $9.45 billion, a PE ratio of 18.88 and a beta of 0.74. The stock has a 50 day moving average price of $171.63 and a 200 day moving average price of $205.48. W.W. Grainger, Inc. has a 52-week low of $160.29 and a 52-week high of $262.71.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.09. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.63 billion. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.89 EPS. On average, analysts predict that W.W. Grainger, Inc. will post $10.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors 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 dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, August 10th. W.W. Grainger’s payout ratio is presently 59.12%.

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GWW has been the topic of a number of research reports. Credit Suisse Group downgraded W.W. Grainger from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $235.00 to $175.00 in a report on Wednesday, April 19th. Stephens set a $190.00 price objective on W.W. Grainger and gave the stock a “hold” rating in a report on Wednesday, April 19th. Royal Bank Of Canada restated a “sell” rating and issued a $166.00 price objective (down previously from $209.00) on shares of W.W. Grainger in a report on Wednesday, April 19th. Zacks Investment Research downgraded W.W. Grainger from a “hold” rating to a “strong sell” rating in a report on Friday, April 21st. Finally, William Blair cut W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Monday, April 24th. Five investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $180.33.

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.

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

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