Salem Investment Counselors Inc. grew its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 606 shares of the industrial products company’s stock after acquiring an additional 6 shares during the period. Salem Investment Counselors Inc.’s holdings in W.W. Grainger were worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in GWW. Harfst & Associates Inc. bought a new position in shares of W.W. Grainger in the first quarter worth about $116,000. Chicago Partners Investment Group LLC grew its position in shares of W.W. Grainger by 18,650.0% during 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 in the last quarter. NEXT Financial Group Inc grew its position in shares of W.W. Grainger by 12.8% during the second quarter. NEXT Financial Group Inc now owns 883 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 100 shares in the last quarter. Enterprise Financial Services Corp grew its position in shares of W.W. Grainger by 80.8% during 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 in the last quarter. Finally, Twin Tree Management LP purchased a new stake in shares of W.W. Grainger during the first quarter worth about $195,000. Institutional investors and hedge funds own 80.58% of the company’s stock.

Shares of W.W. Grainger, Inc. (GWW) traded down 0.990% during mid-day trading on Wednesday, hitting $180.555. 24,780 shares of the stock traded hands. The company has a market cap of $10.42 billion, a P/E ratio of 20.813 and a beta of 0.76. W.W. Grainger, Inc. has a 12 month low of $155.00 and a 12 month high of $262.71. The firm has a 50 day moving average of $168.08 and a 200 day moving average of $183.07.

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 for the quarter, beating 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 company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter last year, the firm posted $2.89 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities analysts anticipate that W.W. Grainger, Inc. will post $10.37 EPS for the current fiscal year.

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A number of research analysts recently commented on GWW shares. Morgan Stanley restated an “underweight” rating and issued a $178.00 price target (up from $172.00) on shares of W.W. Grainger in a research note on Monday. KeyCorp reaffirmed a “sector weight” rating on shares of W.W. Grainger in a report on Monday, August 21st. BidaskClub upgraded shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Northcoast Research assumed coverage on shares of W.W. Grainger in a research report on Tuesday, July 25th. They set a “neutral” rating on the stock. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $174.00 target price (down previously from $202.50) on shares of W.W. Grainger in a report on Wednesday, July 12th. Six research analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $179.92.

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.

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

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