W W Grainger Inc (GWW) Holdings Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of W W Grainger Inc (NYSE:GWW) by 2.4% during the second quarter, HoldingsChannel.com reports. The fund owned 805,595 shares of the industrial products company’s stock after selling 20,107 shares during the period. Bank of New York Mellon Corp’s holdings in W W Grainger were worth $248,446,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. FMR LLC raised its holdings in W W Grainger by 94.6% during the second quarter. FMR LLC now owns 1,386,729 shares of the industrial products company’s stock valued at $427,667,000 after acquiring an additional 673,993 shares during the period. Cornerstone Wealth Management LLC raised its holdings in W W Grainger by 34,096.9% during the second quarter. Cornerstone Wealth Management LLC now owns 445,586 shares of the industrial products company’s stock valued at $1,454,000 after acquiring an additional 444,283 shares during the period. Bank of Montreal Can raised its holdings in W W Grainger by 493.8% during the second quarter. Bank of Montreal Can now owns 404,210 shares of the industrial products company’s stock valued at $124,656,000 after acquiring an additional 336,133 shares during the period. Morgan Stanley raised its holdings in W W Grainger by 92.6% during the second quarter. Morgan Stanley now owns 325,769 shares of the industrial products company’s stock valued at $100,468,000 after acquiring an additional 156,607 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in W W Grainger by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 281,402 shares of the industrial products company’s stock valued at $86,784,000 after acquiring an additional 8,728 shares during the period. 75.70% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have commented on GWW shares. BMO Capital Markets raised their price target on W W Grainger from $255.00 to $267.00 and gave the company a “market perform” rating in a report on Friday, July 6th. Longbow Research restated a “hold” rating on shares of W W Grainger in a research report on Wednesday, October 17th. Oppenheimer raised their price objective on W W Grainger from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, August 23rd. UBS Group upgraded W W Grainger from a “sell” rating to a “neutral” rating and raised their price objective for the company from $240.00 to $340.00 in a research report on Wednesday, July 18th. Finally, ValuEngine lowered W W Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company’s stock. W W Grainger currently has an average rating of “Hold” and a consensus target price of $308.43.

In related news, Director Brian P. Anderson sold 1,000 shares of W W Grainger stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $360.18, for a total value of $360,180.00. Following the completion of the transaction, the director now owns 4,040 shares in the company, valued at $1,455,127.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John L. Howard sold 14,990 shares of W W Grainger stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $368.20, for a total value of $5,519,318.00. Following the completion of the transaction, the vice president now owns 58,207 shares of the company’s stock, valued at approximately $21,431,817.40. The disclosure for this sale can be found here. Company insiders own 10.10% of the company’s stock.

Shares of W W Grainger stock opened at $286.52 on Friday. The stock has a market cap of $15.89 billion, a PE ratio of 25.00, a PEG ratio of 1.40 and a beta of 0.82. The company has a quick ratio of 1.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. W W Grainger Inc has a twelve month low of $191.39 and a twelve month high of $372.06.

W W Grainger (NYSE:GWW) last issued its quarterly earnings data on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.96 by $0.23. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.84 billion. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.79 earnings per share. Analysts anticipate that W W Grainger Inc will post 16.29 earnings per share for the current fiscal year.

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $5.44 annualized dividend and a yield of 1.90%. W W Grainger’s dividend payout ratio is currently 47.47%.

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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