Banque Pictet & Cie SA maintained its stake in W.W. Grainger Inc. (NYSE:GWW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,000 shares of the company’s stock at the end of the third quarter. Banque Pictet & Cie SA’s holdings in W.W. Grainger were worth $1,799,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GWW. Compass Capital Management Inc. boosted its stake in W.W. Grainger by 3.3% in the second quarter. Compass Capital Management Inc. now owns 86,250 shares of the company’s stock worth $19,600,000 after buying an additional 2,792 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of W.W. Grainger by 1.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 167,616 shares of the company’s stock worth $38,091,000 after buying an additional 1,680 shares during the last quarter. Bartlett & Co. LLC boosted its stake in shares of W.W. Grainger by 1.8% in the second quarter. Bartlett & Co. LLC now owns 88,068 shares of the company’s stock worth $20,014,000 after buying an additional 1,575 shares during the last quarter. Swiss National Bank boosted its stake in shares of W.W. Grainger by 12.0% in the second quarter. Swiss National Bank now owns 164,474 shares of the company’s stock worth $37,377,000 after buying an additional 17,600 shares during the last quarter. Finally, PGGM Investments boosted its stake in shares of W.W. Grainger by 17.7% in the second quarter. PGGM Investments now owns 130,237 shares of the company’s stock worth $29,596,000 after buying an additional 19,572 shares during the last quarter. 81.00% of the stock is currently owned by institutional investors.

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

W.W. Grainger Inc. (NYSE:GWW) traded up 1.23% during mid-day trading on Tuesday, reaching $226.35. 444,751 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $214.11 and a 200-day moving average price of $221.96. W.W. Grainger Inc. has a 12-month low of $176.85 and a 12-month high of $239.95. The stock has a market capitalization of $13.48 billion, a PE ratio of 20.37 and a beta of 0.74.

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 analysts’ consensus estimates of $2.99 by $0.07. W.W. Grainger had a net margin of 6.81% and a return on equity of 31.67%. The firm earned $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the company earned $3.03 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts expect that W.W. Grainger Inc. will post $11.51 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 14th will be paid a dividend of $1.22 per share. The ex-dividend date is Wednesday, November 9th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.16%. W.W. Grainger’s dividend payout ratio is presently 43.88%.

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A number of brokerages have issued reports on GWW. 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. William Blair reissued an “outperform” rating on shares of W.W. Grainger in a report on Monday, November 7th. 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 reissued a “hold” rating and set a $224.00 target price (up previously from $210.00) on shares of W.W. Grainger in a report on Wednesday, November 16th. Finally, RBC Capital Markets reissued an “underperform” rating and set a $186.00 target price on shares of W.W. Grainger in a report on Monday, November 14th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average 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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