Capstone Asset Management Co. lowered its position in W.W. Grainger, Inc. (NYSE:GWW) by 6.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,917 shares of the industrial products company’s stock after selling 728 shares during the period. Capstone Asset Management Co.’s holdings in W.W. Grainger were worth $1,790,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of W.W. Grainger by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,438,209 shares of the industrial products company’s stock valued at $1,265,798,000 after buying an additional 192,967 shares during the last quarter. BlackRock Inc. raised its stake in shares of W.W. Grainger by 1,509.4% in the first quarter. BlackRock Inc. now owns 3,417,297 shares of the industrial products company’s stock valued at $795,411,000 after buying an additional 3,204,962 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of W.W. Grainger by 12.1% in the first quarter. Clearbridge Investments LLC now owns 1,070,611 shares of the industrial products company’s stock valued at $249,195,000 after buying an additional 115,704 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of W.W. Grainger during the first quarter valued at about $147,000,000. Finally, Geode Capital Management LLC raised its stake in shares of W.W. Grainger by 17.7% in the first quarter. Geode Capital Management LLC now owns 619,258 shares of the industrial products company’s stock valued at $143,962,000 after buying an additional 92,936 shares during the last quarter. Institutional investors and hedge funds own 79.75% of the company’s stock.

W.W. Grainger, Inc. (GWW) opened at 171.89 on Monday. The stock’s 50 day moving average is $176.17 and its 200 day moving average is $219.41. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 17.55 and a beta of 0.76. W.W. Grainger, Inc. has a 1-year low of $167.44 and a 1-year high of $262.71.

W.W. Grainger (NYSE:GWW) last announced its earnings results on Tuesday, April 18th. The industrial products company reported $2.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.99 by $0.11. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.57 billion. W.W. Grainger had a net margin of 5.84% and a return on equity of 33.24%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.18 EPS. Analysts predict that W.W. Grainger, Inc. will post $10.37 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “W.W. Grainger, Inc. (GWW) Shares Sold by Capstone Asset Management Co.” was first published by Daily Political and is owned by of Daily Political. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://www.dailypolitical.com/2017/07/17/w-w-grainger-inc-gww-shares-sold-by-capstone-asset-management-co.html.

Several brokerages have issued reports on GWW. BMO Capital Markets reiterated a “hold” rating and issued a $198.00 price target on shares of W.W. Grainger in a research note on Thursday, May 25th. BidaskClub upgraded shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Stephens set a $190.00 price target on shares of W.W. Grainger and gave the company a “hold” rating in a research note on Wednesday, April 19th. Deutsche Bank AG lowered shares of W.W. Grainger from a “hold” rating to a “sell” rating and lowered their price target for the company from $246.00 to $145.00 in a research note on Thursday, May 18th. Finally, TheStreet lowered shares of W.W. Grainger from a “b-” rating to a “c+” rating in a research note on Thursday, May 11th. Six investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $187.50.

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.

Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.W. Grainger, Inc. (NYSE:GWW).

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 MarketBeat.com's FREE daily email newsletter.