Gofen & Glossberg LLC IL decreased its position in W.W. Grainger Inc. (NYSE:GWW) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,325 shares of the company’s stock after selling 640 shares during the period. Gofen & Glossberg LLC IL owned 0.06% of W.W. Grainger worth $7,493,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of GWW. Van ECK Associates Corp raised its position in W.W. Grainger by 31.8% in the second quarter. Van ECK Associates Corp now owns 601 shares of the company’s stock worth $137,000 after buying an additional 145 shares in the last quarter. CENTRAL TRUST Co raised its position in W.W. Grainger by 5.1% in the second quarter. CENTRAL TRUST Co now owns 832 shares of the company’s stock worth $189,000 after buying an additional 40 shares in the last quarter. Evercore Wealth Management LLC raised its position in W.W. Grainger by 4.4% in the second quarter. Evercore Wealth Management LLC now owns 861 shares of the company’s stock worth $195,000 after buying an additional 36 shares in the last quarter. Ingalls & Snyder LLC acquired a new position in W.W. Grainger during the second quarter worth about $200,000. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new position in W.W. Grainger during the second quarter worth about $205,000. 81.59% of the stock is owned by institutional investors.

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

Shares of W.W. Grainger Inc. (NYSE:GWW) traded up 2.08% during midday trading on Monday, reaching $222.15. 656,349 shares of the company’s stock traded hands. The company has a market capitalization of $13.23 billion, a PE ratio of 19.99 and a beta of 0.74. The stock’s 50 day moving average is $214.73 and its 200-day moving average is $222.23. W.W. Grainger Inc. has a 52 week low of $176.85 and a 52 week high of $239.95.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Tuesday, October 18th. The company reported $3.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.99 by $0.07. W.W. Grainger had a return on equity of 31.67% and a net margin of 6.81%. The business earned $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the prior year, the business earned $3.03 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts forecast that W.W. Grainger Inc. will post $11.52 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Wednesday, November 9th. W.W. Grainger’s dividend payout ratio (DPR) is presently 43.88%.

Several equities analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed a “buy” rating on shares of W.W. Grainger in a report on Wednesday, October 19th. Barclays PLC set a $213.00 target price on shares of W.W. Grainger and gave the company a “hold” rating in a report on Monday, November 14th. Stifel Nicolaus cut their target price on shares of W.W. Grainger from $235.00 to $216.00 and set a “hold” rating for the company in a report on Wednesday, October 19th. Credit Suisse Group AG set a $205.00 target price on shares of W.W. Grainger and gave the company a “hold” rating in a report on Wednesday, October 19th. Finally, Zacks Investment Research raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a report on Tuesday, September 20th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $226.33.

About W.W. Grainger

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.

5 Day Chart for NYSE:GWW

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