Dimensional Fund Advisors LP reduced its stake in W.W. Grainger, Inc. (NYSE:GWW) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 249,305 shares of the industrial products company’s stock after selling 1,973 shares during the period. Dimensional Fund Advisors LP owned about 0.43% of W.W. Grainger worth $58,029,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Welch & Forbes LLC boosted its position in W.W. Grainger by 0.3% in the first quarter. Welch & Forbes LLC now owns 865 shares of the industrial products company’s stock worth $201,000 after buying an additional 3 shares during the last quarter. Verus Financial Partners Inc. boosted its position in W.W. Grainger by 0.5% in the first quarter. Verus Financial Partners Inc. now owns 1,172 shares of the industrial products company’s stock worth $273,000 after buying an additional 6 shares during the last quarter. Capital One National Association boosted its position in shares of W.W. Grainger by 0.5% in the first quarter. Capital One National Association now owns 1,513 shares of the industrial products company’s stock valued at $352,000 after buying an additional 8 shares in the last quarter. Fernwood Investment Management LLC boosted its position in shares of W.W. Grainger by 0.8% in the first quarter. Fernwood Investment Management LLC now owns 1,790 shares of the industrial products company’s stock valued at $417,000 after buying an additional 14 shares in the last quarter. Finally, Mosaic Family Wealth LLC boosted its position in shares of W.W. Grainger by 2.7% in the first quarter. Mosaic Family Wealth LLC now owns 840 shares of the industrial products company’s stock valued at $195,000 after buying an additional 22 shares in the last quarter. 80.89% of the stock is owned by institutional investors and hedge funds.

Shares of W.W. Grainger, Inc. (GWW) traded up 0.52% during mid-day trading on Friday, reaching $170.35. 693,046 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $173.85 and its 200-day moving average price is $209.15. W.W. Grainger, Inc. has a one year low of $160.29 and a one year high of $262.71. The company has a market capitalization of $9.83 billion, a PE ratio of 19.64 and a beta of 0.74.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.09. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.63 billion. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.89 EPS. On average, equities analysts expect that W.W. Grainger, Inc. will post $10.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Thursday, August 10th. W.W. Grainger’s payout ratio is 59.12%.

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Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reiterated a “sell” rating and set a $209.00 price target on shares of W.W. Grainger in a research report on Tuesday, April 11th. Stephens set a $190.00 price objective on shares of W.W. Grainger and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Credit Suisse Group lowered shares of W.W. Grainger from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $235.00 to $175.00 in a research note on Wednesday, April 19th. Zacks Investment Research lowered shares of W.W. Grainger from a “hold” rating to a “strong sell” rating in a research note on Friday, April 21st. Finally, William Blair lowered shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note on Monday, April 24th. Five investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $180.33.

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.

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

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