Gateway Investment Advisers LLC Lowers Position in W.W. Grainger, Inc. (NYSE:GWW)

Gateway Investment Advisers LLC cut its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 2.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,380 shares of the industrial products company’s stock after selling 100 shares during the period. Gateway Investment Advisers LLC’s holdings in W.W. Grainger were worth $610,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 192,967 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of W.W. Grainger by 6.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 10,020 shares of the industrial products company’s stock valued at $2,332,000 after buying an additional 599 shares during the last quarter. Princeton Alpha Management LP bought a new position in shares of W.W. Grainger during the first quarter valued at $393,000. First Business Financial Services Inc. boosted its position in shares of W.W. Grainger by 21.4% in the first quarter. First Business Financial Services Inc. now owns 2,000 shares of the industrial products company’s stock valued at $466,000 after buying an additional 353 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in shares of W.W. Grainger by 134.7% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 22,793 shares of the industrial products company’s stock valued at $5,305,000 after buying an additional 13,083 shares during the last quarter. Institutional investors own 79.59% of the company’s stock.

Shares of W.W. Grainger, Inc. (GWW) traded down 1.95% on Friday, reaching $161.39. 1,000,302 shares of the company were exchanged. W.W. Grainger, Inc. has a 12-month low of $160.29 and a 12-month high of $262.71. The stock has a market capitalization of $9.31 billion, a PE ratio of 18.60 and a beta of 0.74. The firm has a 50 day moving average price of $169.86 and a 200-day moving average price of $202.29.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the prior year, the company posted $2.89 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts predict that W.W. Grainger, Inc. will post $10.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be paid a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, August 10th. W.W. Grainger’s dividend payout ratio is presently 59.12%.

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Several equities analysts have recently weighed in on GWW shares. J P Morgan Chase & Co started coverage on W.W. Grainger in a report on Friday, June 2nd. They issued a “neutral” rating and a $180.00 price objective for the company. Zacks Investment Research cut W.W. Grainger from a “hold” rating to a “strong sell” rating in a report on Friday, April 21st. TheStreet cut W.W. Grainger from a “b-” rating to a “c+” rating in a report on Thursday, May 11th. Credit Suisse Group restated an “underperform” rating and issued a $150.00 price objective (down previously from $175.00) on shares of W.W. Grainger in a report on Thursday, July 20th. Finally, William Blair cut W.W. Grainger from an “outperform” rating to a “market perform” rating in a report on Monday, April 24th. Five equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $180.33.

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.

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

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