Andra AP fonden raised its stake in W.W. Grainger, Inc. (NYSE:GWW) by 94.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 18,500 shares of the industrial products company’s stock after buying an additional 9,000 shares during the period. Andra AP fonden’s holdings in W.W. Grainger were worth $3,340,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Cypress Wealth Advisors LLC boosted its stake in shares of W.W. Grainger by 0.4% in the first quarter. Cypress Wealth Advisors LLC now owns 988 shares of the industrial products company’s stock valued at $230,000 after buying an additional 4 shares during the period. Capital One National Association boosted its stake 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 during the period. Trust Co. of Vermont boosted its stake in shares of W.W. Grainger by 0.7% in the second quarter. Trust Co. of Vermont now owns 1,293 shares of the industrial products company’s stock valued at $234,000 after buying an additional 9 shares during the period. Fernwood Investment Management LLC boosted its stake 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 during the period. Finally, Brown Advisory Securities LLC boosted its stake in shares of W.W. Grainger by 1.5% in the first quarter. Brown Advisory Securities LLC now owns 1,001 shares of the industrial products company’s stock valued at $232,000 after buying an additional 15 shares during the period. 80.55% of the stock is currently owned by institutional investors.

Shares of W.W. Grainger, Inc. (NYSE:GWW) opened at 162.57 on Friday. W.W. Grainger, Inc. has a one year low of $158.12 and a one year high of $262.71. The company has a 50-day moving average of $165.26 and a 200 day moving average of $196.29. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 18.74 and a beta of 0.74.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.09. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period last year, the company earned $2.89 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts forecast that W.W. Grainger, Inc. will post $10.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Thursday, August 10th. W.W. Grainger’s payout ratio is 59.12%.

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Several equities research analysts have issued reports on the stock. UBS AG reaffirmed 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. Deutsche Bank AG cut shares of W.W. Grainger from a “hold” rating to a “sell” rating and lowered their target price for the stock from $246.00 to $145.00 in a research note on Thursday, May 18th. Morgan Stanley lowered their target price on shares of W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating on the stock in a research note on Thursday, July 20th. Northcoast Research assumed coverage on shares of W.W. Grainger in a research note on Tuesday, July 25th. They set a “neutral” rating on the stock. Finally, Macquarie cut shares of W.W. Grainger from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $286.00 to $200.00 in a research note on Friday, May 26th. Five equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target 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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