Bahl & Gaynor Inc. lessened its holdings in W W Grainger Inc (NYSE:GWW) by 13.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,925 shares of the industrial products company’s stock after selling 1,043 shares during the quarter. Bahl & Gaynor Inc.’s holdings in W W Grainger were worth $1,721,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of W W Grainger by 2.0% during the 1st quarter. BlackRock Inc. now owns 3,247,791 shares of the industrial products company’s stock valued at $807,075,000 after buying an additional 65,175 shares during the period. Geode Capital Management LLC lifted its holdings in shares of W W Grainger by 2.6% during the 1st quarter. Geode Capital Management LLC now owns 789,281 shares of the industrial products company’s stock valued at $195,801,000 after acquiring an additional 20,104 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of W W Grainger by 1.1% during the 4th quarter. Bank of America Corp DE now owns 759,229 shares of the industrial products company’s stock valued at $257,013,000 after acquiring an additional 7,948 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of W W Grainger by 10.8% during the 1st quarter. Bank of New York Mellon Corp now owns 710,260 shares of the industrial products company’s stock valued at $176,499,000 after acquiring an additional 69,229 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of W W Grainger by 8.0% during the 1st quarter. Franklin Resources Inc. now owns 696,903 shares of the industrial products company’s stock valued at $173,180,000 after acquiring an additional 51,725 shares in the last quarter. 70.46% of the stock is currently owned by hedge funds and other institutional investors.

W W Grainger stock traded down $0.22 during mid-day trading on Friday, reaching $295.73. The company had a trading volume of 2,455 shares, compared to its average volume of 343,318. The company has a 50 day moving average of $300.19 and a 200-day moving average of $297.94. The firm has a market cap of $15.76 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 2.06 and a beta of 0.99. W W Grainger Inc has a 52 week low of $200.61 and a 52 week high of $346.60. The company has a quick ratio of 2.20, a current ratio of 3.28 and a debt-to-equity ratio of 1.63.

W W Grainger (NYSE:GWW) last released its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $4.24 EPS for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.18). The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.87 billion. W W Grainger had a return on equity of 45.00% and a net margin of 6.56%. W W Grainger’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.51 earnings per share. On average, analysts predict that W W Grainger Inc will post 14.9 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued a dividend of $1.44 per share. This represents a $5.76 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Friday, May 8th. W W Grainger’s dividend payout ratio is currently 33.31%.

Several equities analysts recently weighed in on the stock. Royal Bank of Canada reduced their target price on shares of W W Grainger from $194.00 to $191.00 and set an “underperform” rating on the stock in a report on Friday, April 24th. Wells Fargo & Co cut their price objective on shares of W W Grainger from $275.00 to $250.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Robert W. Baird upgraded shares of W W Grainger from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $340.00 to $300.00 in a report on Friday, March 27th. Morgan Stanley boosted their price objective on shares of W W Grainger from $259.00 to $282.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Finally, Oppenheimer cut their price objective on shares of W W Grainger from $335.00 to $325.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $294.36.

In related news, VP Paige K. Robbins sold 3,840 shares of W W Grainger stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $312.66, for a total transaction of $1,200,614.40. Following the completion of the transaction, the vice president now directly owns 15,033 shares of the company’s stock, valued at approximately $4,700,217.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.97% of the company’s stock.

W W Grainger Company Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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

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