Eaton Vance Management cut its stake in W.W. Grainger, Inc. (NYSE:GWW) by 38.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,430 shares of the industrial products company’s stock after selling 11,312 shares during the period. Eaton Vance Management’s holdings in W.W. Grainger were worth $3,327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GWW. Harfst & Associates Inc. bought a new position in shares of W.W. Grainger in the first quarter worth about $116,000. Salem Investment Counselors Inc. bought a new position in shares of W.W. Grainger in the first quarter worth about $138,000. NEXT Financial Group Inc grew its holdings 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 purchasing an additional 203 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of W.W. Grainger by 18,650.0% in the second quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 746 shares during the last quarter. Finally, Enterprise Financial Services Corp grew its holdings in shares of W.W. Grainger by 80.8% in the second quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 403 shares during the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Shares of W.W. Grainger, Inc. (GWW) opened at 168.95 on Friday. The firm’s 50 day moving average is $164.36 and its 200 day moving average is $189.98. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 19.48 and a beta of 0.74. W.W. Grainger, Inc. has a 52-week low of $155.00 and a 52-week high of $262.71.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data 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 business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.63 billion. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.89 EPS. Equities analysts expect that W.W. Grainger, Inc. will post $10.37 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 14th were paid a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, August 10th. W.W. Grainger’s payout ratio is presently 59.12%.

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GWW has been the topic of a number of research analyst reports. Credit Suisse Group restated an “underperform” rating and issued a $150.00 price target (down from $175.00) on shares of W.W. Grainger in a report on Thursday, July 20th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $174.00 price objective (down from $202.50) on shares of W.W. Grainger in a research note on Wednesday, July 12th. BidaskClub raised shares of W.W. Grainger from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $180.00 price objective (down from $204.00) on shares of W.W. Grainger in a research note on Friday, June 2nd. Finally, J P Morgan Chase & Co initiated coverage on shares of W.W. Grainger in a research note on Friday, June 2nd. They issued a “neutral” rating and a $180.00 price objective for the company. Five research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $179.42.

W.W. Grainger 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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