LPL Financial LLC lessened its position in shares of W W Grainger Inc (NYSE:GWW) by 15.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,049 shares of the industrial products company’s stock after selling 3,601 shares during the quarter. LPL Financial LLC’s holdings in W W Grainger were worth $5,109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GWW. Isthmus Partners LLC purchased a new position in shares of W W Grainger in the 2nd quarter valued at $6,763,000. Charles Schwab Investment Management Inc. raised its holdings in W W Grainger by 3.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 207,699 shares of the industrial products company’s stock worth $55,712,000 after purchasing an additional 6,839 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in W W Grainger by 3.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,065 shares of the industrial products company’s stock worth $822,000 after purchasing an additional 114 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in W W Grainger by 35.0% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,809 shares of the industrial products company’s stock valued at $2,899,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Trexquant Investment LP grew its holdings in W W Grainger by 318.2% in the second quarter. Trexquant Investment LP now owns 3,718 shares of the industrial products company’s stock valued at $997,000 after purchasing an additional 2,829 shares during the last quarter. Hedge funds and other institutional investors own 72.75% of the company’s stock.

In other W W Grainger news, VP Eric R. Tapia sold 180 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $272.58, for a total value of $49,064.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.50% of the stock is currently owned by company insiders.

GWW stock traded up $1.65 during trading on Wednesday, hitting $292.38. The stock had a trading volume of 130,599 shares, compared to its average volume of 318,347. The company’s 50 day moving average price is $276.36 and its two-hundred day moving average price is $281.85. W W Grainger Inc has a 1-year low of $255.09 and a 1-year high of $361.54. The stock has a market cap of $15.60 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.32 and a current ratio of 2.38.

W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.64 EPS for the quarter, missing analysts’ consensus estimates of $4.65 by ($0.01). The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.97 billion. W W Grainger had a return on equity of 46.27% and a net margin of 7.32%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.37 earnings per share. As a group, sell-side analysts forecast that W W Grainger Inc will post 17.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Monday, August 12th were paid a dividend of $1.44 per share. This represents a $5.76 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, August 9th. W W Grainger’s payout ratio is 34.49%.

GWW has been the topic of several recent research reports. ValuEngine upgraded shares of W W Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Gabelli restated a “hold” rating on shares of W W Grainger in a report on Friday, July 26th. Morgan Stanley lifted their target price on shares of W W Grainger from $258.00 to $276.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Atlantic Securities downgraded shares of W W Grainger from a “neutral” rating to an “underweight” rating in a report on Friday, June 21st. Finally, Stephens increased their price target on shares of W W Grainger from $292.00 to $305.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $295.18.

W W Grainger 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.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

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

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