5,493 Shares in W.W. Grainger, Inc. (GWW) Acquired by BB&T Investment Services Inc.

BB&T Investment Services Inc. acquired a new position in W.W. Grainger, Inc. (NYSE:GWW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,493 shares of the industrial products company’s stock, valued at approximately $986,000.

Other hedge funds have also bought and sold shares of the company. Salem Investment Counselors Inc. boosted its position in W.W. Grainger by 1.0% in the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 6 shares during the last quarter. Harfst & Associates Inc. purchased a new position in W.W. Grainger in the first quarter worth $116,000. Chicago Partners Investment Group LLC boosted its position in W.W. Grainger by 18,650.0% in 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 during the last quarter. NEXT Financial Group Inc boosted its position in W.W. Grainger by 12.8% in 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 during the last quarter. Finally, Enterprise Financial Services Corp boosted its position in W.W. Grainger by 80.8% in 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 during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

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Shares of W.W. Grainger, Inc. (NYSE:GWW) traded down 1.87% during mid-day trading on Wednesday, reaching $170.66. The company had a trading volume of 914,023 shares. W.W. Grainger, Inc. has a one year low of $155.00 and a one year high of $262.71. The stock has a market capitalization of $9.85 billion, a P/E ratio of 19.59 and a beta of 0.76. The firm has a 50 day moving average of $170.37 and a 200-day moving average of $180.84.

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

Several research analysts have weighed in on GWW shares. Zacks Investment Research cut W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Credit Suisse Group reissued an “underperform” rating and issued a $150.00 price objective (down previously from $175.00) on shares of W.W. Grainger in a research report on Thursday, July 20th. BMO Capital Markets reissued a “market perform” rating and issued a $178.00 price objective (up previously from $165.00) on shares of W.W. Grainger in a research report on Monday. Wells Fargo & Company reaffirmed a “market perform” rating and set a $174.00 price target (down previously from $202.50) on shares of W.W. Grainger in a research report on Wednesday, July 12th. Finally, BidaskClub raised W.W. Grainger from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Six analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. W.W. Grainger presently has a consensus rating of “Hold” and an average price target of $178.25.

About W.W. Grainger

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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