Great West Life Assurance Co. Can reduced its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 7.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,325 shares of the industrial products company’s stock after selling 3,125 shares during the period. Great West Life Assurance Co. Can’s holdings in W.W. Grainger were worth $6,909,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GWW. Teachers Advisors LLC raised its stake in shares of 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 valued at $15,932,000 after buying an additional 3,143 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in shares of 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 valued at $10,861,000 after buying an additional 867 shares during the period. Creative Planning raised its stake in shares of W.W. Grainger by 1.1% in the first quarter. Creative Planning now owns 6,885 shares of the industrial products company’s stock valued at $1,603,000 after buying an additional 76 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of 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 valued at $4,000,000 after buying an additional 250 shares during the period. Finally, National Pension Service raised its stake in shares of 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 valued at $12,022,000 after buying an additional 4,139 shares during the period. 82.43% of the stock is currently owned by institutional investors.

Shares of W.W. Grainger, Inc. (NYSE GWW) opened at 163.82 on Friday. W.W. Grainger, Inc. has a 1-year low of $160.29 and a 1-year high of $262.71. The company has a 50-day moving average price of $171.63 and a 200-day moving average price of $205.48. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of 18.88 and a beta of 0.74.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.65 by $0.09. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.63 billion. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $2.89 earnings per share. 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 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 yield of 3.13%. The ex-dividend date is Thursday, August 10th. W.W. Grainger’s payout ratio is 59.12%.

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GWW has been the topic of several research analyst reports. J P Morgan Chase & Co initiated coverage on W.W. Grainger in a research note on Friday, June 2nd. They set a “neutral” rating and a $180.00 price target on the stock. Zacks Investment Research lowered W.W. Grainger from a “hold” rating to a “strong sell” rating in a research note on Friday, April 21st. TheStreet lowered W.W. Grainger from a “b-” rating to a “c+” rating in a research note on Thursday, May 11th. Credit Suisse Group reissued an “underperform” rating and set a $150.00 price target (down previously from $175.00) on shares of W.W. Grainger in a research note on Thursday, July 20th. Finally, William Blair lowered W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Monday, April 24th. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price 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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