PNC Financial Services Group Inc. reduced its stake in W.W. Grainger Inc. (NYSE:GWW) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,339 shares of the company’s stock after selling 966 shares during the period. PNC Financial Services Group Inc. owned 0.15% of W.W. Grainger worth $20,312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GWW. NEXT Financial Group Inc increased its stake in shares of W.W. Grainger by 22.3% in the third quarter. NEXT Financial Group Inc now owns 553 shares of the company’s stock valued at $124,000 after buying an additional 101 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in shares of W.W. Grainger by 3,122.2% in the third quarter. Cornerstone Advisors Inc. now owns 580 shares of the company’s stock valued at $130,000 after buying an additional 562 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of W.W. Grainger by 31.8% in the second quarter. Van ECK Associates Corp now owns 601 shares of the company’s stock valued at $137,000 after buying an additional 145 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of W.W. Grainger by 5.1% in the second quarter. CENTRAL TRUST Co now owns 832 shares of the company’s stock valued at $189,000 after buying an additional 40 shares during the last quarter. Finally, Evercore Wealth Management LLC increased its stake in shares of 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. Institutional investors own 81.00% of the company’s stock.

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

Shares of W.W. Grainger Inc. (NYSE:GWW) traded up 2.34% during midday trading on Wednesday, hitting $231.64. 274,167 shares of the stock were exchanged. The stock has a 50 day moving average price of $214.37 and a 200-day moving average price of $222.00. W.W. Grainger Inc. has a 12 month low of $176.85 and a 12 month high of $239.95. The company has a market cap of $13.80 billion, a PE ratio of 20.85 and a beta of 0.74.

W.W. Grainger (NYSE:GWW) last released its earnings results on Tuesday, October 18th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.99 by $0.07. The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.59 billion. W.W. Grainger had a net margin of 6.81% and a return on equity of 31.67%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.03 EPS. On average, analysts predict that W.W. Grainger Inc. will post $11.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be issued a $1.22 dividend. 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 2.16%. W.W. Grainger’s payout ratio is 43.88%.

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Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Royal Bank Of Canada decreased their price target on shares of W.W. Grainger from $186.00 to $174.00 and set an “underperform” rating for the company in a research note on Monday, November 14th. Macquarie assumed coverage on shares of W.W. Grainger in a research note on Thursday, August 25th. They set an “outperform” rating and a $274.00 price target for the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $224.00 price target (up previously from $210.00) on shares of W.W. Grainger in a research note on Wednesday, November 16th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of W.W. Grainger in a research note on Wednesday, November 9th. Five 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 company’s stock. The stock currently has a consensus rating of “Hold” and a consensus 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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