TCI Wealth Advisors Inc. Has $108,000 Holdings in W.W. Grainger, Inc. (GWW)

TCI Wealth Advisors Inc. held its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 600 shares of the industrial products company’s stock at the end of the second quarter. TCI Wealth Advisors Inc.’s holdings in W.W. Grainger were worth $108,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Cypress Wealth Advisors LLC grew its position in W.W. Grainger by 0.4% in the 1st quarter. Cypress Wealth Advisors LLC now owns 988 shares of the industrial products company’s stock valued at $230,000 after acquiring an additional 4 shares during the last quarter. Trust Co. of Vermont grew its position in W.W. Grainger by 0.7% in the 2nd quarter. Trust Co. of Vermont now owns 1,293 shares of the industrial products company’s stock valued at $234,000 after acquiring an additional 9 shares during the last quarter. Fernwood Investment Management LLC grew its position in W.W. Grainger by 0.8% in the 1st quarter. Fernwood Investment Management LLC now owns 1,790 shares of the industrial products company’s stock valued at $417,000 after acquiring an additional 14 shares during the last quarter. Brown Advisory Securities LLC grew its position in W.W. Grainger by 1.5% in the 1st quarter. Brown Advisory Securities LLC now owns 1,001 shares of the industrial products company’s stock valued at $232,000 after acquiring an additional 15 shares during the last quarter. Finally, Nippon Life Insurance Co. grew its position in W.W. Grainger by 0.3% in the 2nd quarter. Nippon Life Insurance Co. now owns 5,604 shares of the industrial products company’s stock valued at $1,012,000 after acquiring an additional 19 shares during the last quarter. 80.57% of the stock is currently owned by institutional investors.

GWW has been the topic of several research analyst reports. Deutsche Bank AG downgraded W.W. Grainger from a “hold” rating to a “sell” rating and cut their price objective for the company from $246.00 to $145.00 in a research report on Thursday, May 18th. UBS AG reaffirmed a “neutral” rating and issued a $180.00 price objective (down previously from $275.00) on shares of W.W. Grainger in a research report on Wednesday, May 24th. BMO Capital Markets reaffirmed a “hold” rating and issued a $198.00 price objective on shares of W.W. Grainger in a research report on Thursday, May 25th. Macquarie downgraded W.W. Grainger from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $286.00 to $200.00 in a research report on Friday, May 26th. Finally, J P Morgan Chase & Co initiated coverage on W.W. Grainger in a research report on Friday, June 2nd. They issued a “neutral” rating and a $180.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $179.42.

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Shares of W.W. Grainger, Inc. (NYSE:GWW) traded down 0.56% during midday trading on Friday, reaching $168.34. The company had a trading volume of 130,662 shares. The company’s 50 day moving average price is $164.31 and its 200-day moving average price is $190.56. The company has a market capitalization of $9.71 billion, a P/E ratio of 19.41 and a beta of 0.74. W.W. Grainger, Inc. has a 52 week low of $155.00 and a 52 week high of $262.71.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.09. The firm 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%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.89 EPS. On average, equities research analysts predict that W.W. Grainger, Inc. will post $10.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were issued a $1.28 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $5.12 annualized dividend and a dividend yield of 3.02%. W.W. Grainger’s dividend payout ratio is presently 59.12%.

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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