Gillespie Robinson & Grimm Inc. raised its stake in shares of W.W. Grainger Inc. (NYSE:GWW) by 0.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,751 shares of the company’s stock after buying an additional 65 shares during the period. W.W. Grainger accounts for approximately 1.3% of Gillespie Robinson & Grimm Inc.’s portfolio, making the stock its 29th largest position. Gillespie Robinson & Grimm Inc. owned approximately 0.06% of W.W. Grainger worth $8,210,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Acropolis Investment Management LLC increased its position in W.W. Grainger by 11.0% in the third quarter. Acropolis Investment Management LLC now owns 3,070 shares of the company’s stock valued at $690,000 after buying an additional 305 shares during the last quarter. Eqis Capital Management Inc. increased its position in W.W. Grainger by 1.6% in the third quarter. Eqis Capital Management Inc. now owns 17,272 shares of the company’s stock valued at $3,884,000 after buying an additional 264 shares during the last quarter. Evercore Wealth Management LLC increased 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 valued at $195,000 after buying an additional 36 shares during the last quarter. Williams Jones & Associates LLC increased its position in W.W. Grainger by 2,123.9% in the second quarter. Williams Jones & Associates LLC now owns 16,724 shares of the company’s stock valued at $3,801,000 after buying an additional 15,972 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in W.W. Grainger during the second quarter valued at $518,000. 81.59% of the stock is owned by institutional investors and hedge funds.

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

Shares of W.W. Grainger Inc. (NYSE:GWW) traded up 2.08% on Monday, hitting $222.15. The company’s stock had a trading volume of 656,349 shares. The stock’s 50 day moving average price is $214.72 and its 200 day moving average price is $222.46. W.W. Grainger Inc. has a 52 week low of $176.85 and a 52 week high of $239.95. The stock has a market capitalization of $13.23 billion, a P/E ratio of 19.99 and a beta of 0.74.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates 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 company earned $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the firm earned $3.03 EPS. 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 disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.20%. W.W. Grainger’s dividend payout ratio (DPR) is presently 43.88%.

Several research firms have weighed in on GWW. Zacks Investment Research downgraded W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. Macquarie assumed coverage on W.W. Grainger in a research report on Thursday, August 25th. They issued an “outperform” rating and a $274.00 price objective for the company. Wells Fargo & Co. reaffirmed a “hold” rating on shares of W.W. Grainger in a research report on Sunday, September 4th. RBC Capital Markets reaffirmed an “underperform” rating and issued a $211.00 price objective on shares of W.W. Grainger in a research report on Monday, September 19th. Finally, Royal Bank Of Canada lowered their price objective on W.W. Grainger from $186.00 to $174.00 and set an “underperform” rating for the company in a research report on Monday, November 14th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $226.33.

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.

5 Day Chart for NYSE:GWW

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