OLD Republic International Corp bought a new stake in W.W. Grainger, Inc. (NYSE:GWW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 127,000 shares of the industrial products company’s stock, valued at approximately $22,927,000.

Several other large investors have also recently bought and sold shares of the company. Nicolet Bankshares Inc. purchased a new stake in W.W. Grainger during the first quarter valued at $369,000. Nationwide Fund Advisors raised its stake in W.W. Grainger by 43.5% in the first quarter. Nationwide Fund Advisors now owns 53,963 shares of the industrial products company’s stock valued at $12,560,000 after buying an additional 16,347 shares during the last quarter. Candriam Luxembourg S.C.A. raised its stake in W.W. Grainger by 7.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 6,531 shares of the industrial products company’s stock valued at $1,520,000 after buying an additional 432 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in W.W. Grainger during the first quarter valued at $560,000. Finally, Somerset Trust Co raised its stake in W.W. Grainger by 1.9% in the first quarter. Somerset Trust Co now owns 3,177 shares of the industrial products company’s stock valued at $739,000 after buying an additional 59 shares during the last quarter. 82.43% of the stock is currently owned by institutional investors and hedge funds.

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. W.W. Grainger, Inc. has a 1-year low of $160.29 and a 1-year high of $262.71. The company’s 50-day moving average price is $171.63 and its 200-day moving average price is $205.48.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be paid a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 3.13%. The ex-dividend date is Thursday, August 10th. W.W. Grainger’s dividend payout ratio (DPR) is presently 59.12%.

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Several equities research analysts have recently weighed in on the stock. Credit Suisse Group lowered shares of W.W. Grainger from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $235.00 to $175.00 in a report on Wednesday, April 19th. Stephens set a $190.00 target price on shares of W.W. Grainger and gave the stock a “hold” rating in a report on Wednesday, April 19th. Zacks Investment Research lowered shares of W.W. Grainger from a “hold” rating to a “strong sell” rating in a report on Friday, April 21st. Royal Bank Of Canada reaffirmed a “sell” rating and issued a $166.00 target price (down previously from $209.00) on shares of W.W. Grainger in a report on Wednesday, April 19th. Finally, William Blair lowered shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a report on Monday, April 24th. Five equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. W.W. Grainger has a consensus 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.

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

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