California State Teachers Retirement System trimmed its stake in W.W. Grainger, Inc. (NYSE:GWW) by 10.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,636 shares of the industrial products company’s stock after selling 11,447 shares during the period. California State Teachers Retirement System owned approximately 0.17% of W.W. Grainger worth $17,806,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of W.W. Grainger by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,549,453 shares of the industrial products company’s stock valued at $1,001,844,000 after purchasing an additional 111,244 shares during the last quarter. Longview Partners Guernsey LTD lifted its stake in shares of W.W. Grainger by 32.6% during the 2nd quarter. Longview Partners Guernsey LTD now owns 3,755,706 shares of the industrial products company’s stock worth $678,018,000 after acquiring an additional 923,948 shares during the last quarter. BlackRock Inc. lifted its stake in shares of W.W. Grainger by 1.7% during the 2nd quarter. BlackRock Inc. now owns 3,476,970 shares of the industrial products company’s stock worth $627,699,000 after acquiring an additional 59,673 shares during the last quarter. State Street Corp lifted its stake in shares of W.W. Grainger by 5.4% during the 2nd quarter. State Street Corp now owns 3,251,383 shares of the industrial products company’s stock worth $586,971,000 after acquiring an additional 165,293 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of W.W. Grainger by 20.0% during the 2nd quarter. Northern Trust Corp now owns 1,288,602 shares of the industrial products company’s stock worth $232,633,000 after acquiring an additional 214,775 shares during the last quarter. 80.34% of the stock is owned by institutional investors and hedge funds.
W.W. Grainger, Inc. (GWW) traded down 1.34% during trading on Friday, reaching $198.48. The company had a trading volume of 79,354 shares. The stock has a market capitalization of $11.31 billion, a price-to-earnings ratio of 23.69 and a beta of 0.76. W.W. Grainger, Inc. has a 1-year low of $155.00 and a 1-year high of $262.71. The firm has a 50-day moving average of $180.64 and a 200-day moving average of $178.18.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, beating the Zacks’ consensus estimate of $2.56 by $0.34. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.65 billion. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.06 earnings per share. On average, analysts anticipate that W.W. Grainger, Inc. will post $10.68 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be given a $1.28 dividend. The ex-dividend date is Friday, November 10th. This represents a $5.12 dividend on an annualized basis and a yield of 2.54%. W.W. Grainger’s payout ratio is currently 60.95%.
GWW has been the subject of a number of research analyst reports. BidaskClub raised W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $174.00 target price (down from $202.50) on shares of W.W. Grainger in a research report on Wednesday, July 12th. Credit Suisse Group raised W.W. Grainger to a “hold” rating and set a $175.00 target price for the company in a research report on Wednesday, July 19th. Morgan Stanley cut their price target on W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating on the stock in a report on Thursday, July 20th. Finally, Zacks Investment Research upgraded W.W. Grainger from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Seven equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. W.W. Grainger presently has a consensus rating of “Hold” and an average price target of $190.85.
In related news, VP Eric R. Tapia sold 190 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $208.26, for a total value of $39,569.40. Following the completion of the sale, the vice president now owns 3,748 shares in the company, valued at $780,558.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 9.60% of the stock is owned by company insiders.
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W.W. Grainger Company 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.
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