CIBC World Markets Inc. lessened its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 10.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,992 shares of the industrial products company’s stock after selling 1,231 shares during the period. CIBC World Markets Inc.’s holdings in W.W. Grainger were worth $1,984,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GWW. Harfst & Associates Inc. bought a new position in W.W. Grainger during the 1st quarter worth $116,000. Salem Investment Counselors Inc. bought a new position in W.W. Grainger during the 1st quarter worth $138,000. NEXT Financial Group Inc increased its stake in W.W. Grainger by 35.0% during the 1st quarter. NEXT Financial Group Inc now owns 783 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 203 shares during the period. Chicago Partners Investment Group LLC increased its stake in W.W. Grainger by 18,650.0% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock worth $155,000 after acquiring an additional 746 shares during the period. Finally, Enterprise Financial Services Corp increased its stake in W.W. Grainger by 80.8% during the 2nd quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 403 shares during the period. Hedge funds and other institutional investors own 80.57% of the company’s stock.

GWW has been the topic of several recent analyst reports. Credit Suisse Group reiterated an “underperform” rating and issued a $150.00 price target (down previously from $175.00) on shares of W.W. Grainger in a research note on Thursday, July 20th. Wells Fargo & Company reiterated a “market perform” rating and issued a $174.00 price target (down previously from $202.50) on shares of W.W. Grainger in a research note on Wednesday, July 12th. BidaskClub upgraded W.W. Grainger from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $180.00 price target (down previously from $204.00) on shares of W.W. Grainger in a research note on Friday, June 2nd. Finally, J P Morgan Chase & Co initiated coverage on W.W. Grainger in a research note on Friday, June 2nd. They issued a “neutral” rating and a $180.00 price target on the stock. Five analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $179.42.

W.W. Grainger, Inc. (NYSE GWW) opened at 166.29 on Wednesday. The firm has a market capitalization of $9.59 billion, a P/E ratio of 19.17 and a beta of 0.74. The stock has a 50 day moving average price of $164.26 and a 200-day moving average price of $191.48. W.W. Grainger, Inc. has a 52 week low of $155.00 and a 52 week high of $262.71.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.09. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period last year, the business posted $2.89 earnings per share. W.W. Grainger’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that W.W. Grainger, Inc. will post $10.37 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were issued a $1.28 dividend. The ex-dividend date was Thursday, August 10th. This represents a $5.12 annualized dividend and a yield of 3.08%. W.W. Grainger’s dividend payout ratio (DPR) is presently 59.12%.

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W.W. Grainger 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.

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

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