South Dakota Investment Council maintained its stake in W.W. Grainger, Inc. (NYSE:GWW) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 800 shares of the industrial products company’s stock at the end of the 2nd quarter. South Dakota Investment Council’s holdings in W.W. Grainger were worth $144,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in W.W. Grainger by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,438,209 shares of the industrial products company’s stock valued at $1,265,798,000 after acquiring an additional 192,967 shares during the last quarter. Longview Partners Guernsey LTD lifted its position in W.W. Grainger by 32.6% in the second quarter. Longview Partners Guernsey LTD now owns 3,755,706 shares of the industrial products company’s stock valued at $678,018,000 after acquiring an additional 923,948 shares during the last quarter. BlackRock Inc. lifted its position in W.W. Grainger by 1,509.4% in the first quarter. BlackRock Inc. now owns 3,417,297 shares of the industrial products company’s stock valued at $795,411,000 after acquiring an additional 3,204,962 shares during the last quarter. Clearbridge Investments LLC lifted its position in W.W. Grainger by 12.1% in the first quarter. Clearbridge Investments LLC now owns 1,070,611 shares of the industrial products company’s stock valued at $249,195,000 after acquiring an additional 115,704 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its position in W.W. Grainger by 16.3% in the second quarter. Neuberger Berman Group LLC now owns 852,421 shares of the industrial products company’s stock valued at $153,888,000 after acquiring an additional 119,186 shares during the last quarter. 80.58% of the stock is owned by hedge funds and other institutional investors.

GWW has been the subject of a number of research reports. Credit Suisse Group raised shares of W.W. Grainger to a “hold” rating and set a $175.00 target price for the company in a report on Wednesday, July 19th. Morgan Stanley reduced their target price on shares of W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating for the company in a report on Thursday, July 20th. BidaskClub cut shares of W.W. Grainger from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $198.00 target price on shares of W.W. Grainger in a report on Thursday, May 25th. Five equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $179.42.

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W.W. Grainger, Inc. (NYSE:GWW) opened at 168.95 on Monday. The firm’s 50-day moving average is $164.36 and its 200 day moving average is $189.98. The firm 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 12 month low of $155.00 and a 12 month high of $262.71.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were given a dividend of $1.28 per share. The ex-dividend date was Thursday, August 10th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 3.03%. W.W. Grainger’s dividend payout ratio (DPR) is 59.12%.

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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