Hills Bank & Trust Co. boosted its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 101.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,362 shares of the industrial products company’s stock after buying an additional 1,187 shares during the period. Hills Bank & Trust Co.’s holdings in W.W. Grainger were worth $427,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GWW. Harfst & Associates Inc. purchased a new stake in shares of W.W. Grainger during the first quarter worth approximately $116,000. Ibex Wealth Advisors purchased a new stake in shares of W.W. Grainger during the fourth quarter worth approximately $134,000. Salem Investment Counselors Inc. purchased a new stake in shares of W.W. Grainger during the first quarter worth approximately $138,000. NEXT Financial Group Inc boosted its stake in shares of W.W. Grainger by 35.0% in the first quarter. NEXT Financial Group Inc now owns 783 shares of the industrial products company’s stock worth $151,000 after buying an additional 203 shares in the last quarter. Finally, HighPoint Advisor Group LLC purchased a new stake in shares of W.W. Grainger during the fourth quarter worth approximately $206,000. Hedge funds and other institutional investors own 80.89% of the company’s stock.

W.W. Grainger, Inc. (GWW) traded up 0.52% during trading on Friday, reaching $170.35. 693,046 shares of the company were exchanged. The stock has a market capitalization of $9.83 billion, a price-to-earnings ratio of 19.64 and a beta of 0.74. The firm’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.

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

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

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A number of research firms have recently issued reports on GWW. UBS AG restated a “neutral” rating and set a $180.00 target price (down previously from $275.00) on shares of W.W. Grainger in a research note on Wednesday, May 24th. Northcoast Research began coverage on shares of W.W. Grainger in a research note on Tuesday, July 25th. They set a “neutral” rating for the company. BidaskClub upgraded shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Macquarie cut shares of W.W. Grainger from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $286.00 to $200.00 in a research note on Friday, May 26th. Finally, Zacks Investment Research upgraded shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Five research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. W.W. Grainger presently has a consensus rating of “Hold” and a consensus target price of $180.33.

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.

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

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