Artemis Investment Management LLP increased its holdings in shares of W W Grainger Inc (NYSE:GWW) by 11.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,425 shares of the industrial products company’s stock after purchasing an additional 6,835 shares during the quarter. Artemis Investment Management LLP owned 0.11% of W W Grainger worth $23,025,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GWW. FMR LLC increased its stake in W W Grainger by 94.6% during the 2nd quarter. FMR LLC now owns 1,386,729 shares of the industrial products company’s stock worth $427,667,000 after purchasing an additional 673,993 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in W W Grainger by 34,096.9% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 445,586 shares of the industrial products company’s stock worth $1,454,000 after purchasing an additional 444,283 shares in the last quarter. Voya Investment Management LLC increased its stake in W W Grainger by 680.6% during the 2nd quarter. Voya Investment Management LLC now owns 239,514 shares of the industrial products company’s stock worth $73,866,000 after purchasing an additional 208,829 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its stake in W W Grainger by 32.5% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 759,809 shares of the industrial products company’s stock worth $271,563,000 after purchasing an additional 186,332 shares in the last quarter. Finally, Morgan Stanley increased its stake in W W Grainger by 92.6% during the 2nd quarter. Morgan Stanley now owns 325,769 shares of the industrial products company’s stock worth $100,468,000 after purchasing an additional 156,607 shares in the last quarter. 75.99% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently issued reports on GWW. Longbow Research reissued a “hold” rating on shares of W W Grainger in a research note on Wednesday, October 17th. UBS Group increased their target price on W W Grainger from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Thursday, August 30th. Oppenheimer lowered their target price on W W Grainger from $410.00 to $365.00 and set an “outperform” rating for the company in a research note on Wednesday, October 17th. ValuEngine cut W W Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Gordon Haskett began coverage on W W Grainger in a research note on Friday, October 12th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $308.43.

Shares of GWW opened at $296.98 on Wednesday. The company has a market cap of $17.49 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.54 and a beta of 1.06. W W Grainger Inc has a twelve month low of $198.07 and a twelve month high of $372.06. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 1.44.

W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.23. The company had revenue of $2.83 billion during 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%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $2.79 EPS. As a group, sell-side analysts expect that W W Grainger Inc will post 16.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Monday, November 12th will be paid a dividend of $1.36 per share. The ex-dividend date is Thursday, November 8th. This represents a $5.44 annualized dividend and a dividend yield of 1.83%. W W Grainger’s dividend payout ratio is currently 47.47%.

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W W Grainger Profile

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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