Cambridge Investment Research Advisors Inc. increased its stake in W W Grainger Inc (NYSE:GWW) by 4.8% during the third quarter, according to its most recent filing with the SEC. The fund owned 4,142 shares of the industrial products company’s stock after buying an additional 190 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in W W Grainger were worth $1,480,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wedgewood Investors Inc. PA bought a new stake in W W Grainger in the 3rd quarter valued at about $223,000. Advisory Services Network LLC raised its stake in W W Grainger by 53.4% in the 3rd quarter. Advisory Services Network LLC now owns 2,914 shares of the industrial products company’s stock valued at $1,041,000 after acquiring an additional 1,015 shares during the period. Wells Fargo & Company MN raised its stake in W W Grainger by 5.7% in the 3rd quarter. Wells Fargo & Company MN now owns 480,107 shares of the industrial products company’s stock valued at $171,594,000 after acquiring an additional 25,922 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of W W Grainger during the third quarter valued at about $1,518,000. Finally, Stratos Wealth Partners LTD. increased its position in shares of W W Grainger by 59.3% during the third quarter. Stratos Wealth Partners LTD. now owns 1,677 shares of the industrial products company’s stock valued at $600,000 after buying an additional 624 shares during the period. 75.99% of the stock is currently owned by institutional investors.

GWW stock opened at $305.10 on Tuesday. The company has a current ratio of 2.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $17.49 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.54 and a beta of 1.06. W W Grainger Inc has a 1-year low of $196.94 and a 1-year high of $372.06.

W W Grainger (NYSE:GWW) last posted its quarterly earnings data on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.96 by $0.23. The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.84 billion. W W Grainger had a net margin of 6.51% and a return on equity of 45.22%. W W Grainger’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.79 earnings per share. As a group, sell-side analysts predict that W W Grainger Inc will post 16.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Monday, November 12th will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, November 8th. W W Grainger’s dividend payout ratio (DPR) is 47.47%.

Several equities research analysts have recently weighed in on GWW shares. UBS Group upped their price target on W W Grainger from $340.00 to $365.00 and gave the company a “hold” rating in a research report on Thursday, August 30th. Oppenheimer upped their price target on W W Grainger from $400.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday, September 21st. BMO Capital Markets decreased their price target on W W Grainger from $332.00 to $330.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 17th. Longbow Research reiterated a “hold” rating on shares of W W Grainger in a research report on Wednesday, October 17th. Finally, Gordon Haskett started coverage on W W Grainger in a research report on Friday, October 12th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $308.43.

In related news, VP John L. Howard sold 14,990 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $368.20, for a total value of $5,519,318.00. Following the transaction, the vice president now directly owns 58,207 shares in the company, valued at $21,431,817.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.10% of the stock is currently owned by corporate insiders.

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About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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

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