<div id="readability-page-1"><p>Chevy Chase Trust Holdings LLC lowered its holdings in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,889 shares of the industrial products company's stock after selling 571 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in W.W. Grainger were worth $21,554,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>W.W. Grainger</strong> alerts:</span></p></div><ul><li>2 more high-quality dividend growers to buy on the dip</li></ul><p>Several other hedge funds have also recently modified their holdings of the business. Bfsg LLC bought a new position in W.W. Grainger in the first quarter worth approximately $26,000. Valued Wealth Advisors LLC raised its position in shares of W.W. Grainger by 170.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 27 shares of the industrial products company's stock worth $27,000 after acquiring an additional 17 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in shares of W.W. Grainger during the 4th quarter worth $28,000. Newbridge Financial Services Group Inc. lifted its position in shares of W.W. Grainger by 275.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 45 shares of the industrial products company's stock valued at $37,000 after buying an additional 33 shares during the last quarter. Finally, Washington Trust Advisors Inc. boosted its stake in W.W. Grainger by 225.0% in the first quarter. Washington Trust Advisors Inc. now owns 39 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of analysts have recently weighed in on the stock. Loop Capital cut their price objective on shares of W.W. Grainger from $1,000.00 to $975.00 and set a &#34;hold&#34; rating on the stock in a research note on Monday, April 29th. JPMorgan Chase &amp; Co. increased their price target on W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a &#34;neutral&#34; rating in a research report on Friday, August 2nd. Erste Group Bank reissued a &#34;hold&#34; rating on shares of W.W. Grainger in a report on Friday, June 14th. Robert W. Baird lowered W.W. Grainger from an &#34;outperform&#34; rating to a &#34;neutral&#34; rating and dropped their target price for the stock from $1,000.00 to $975.00 in a report on Wednesday, May 29th. Finally, Baird R W downgraded W.W. Grainger from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Wednesday, May 29th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of &#34;Hold&#34; and an average target price of $1,017.13.</p><br/><ul><li>Ex dividend date vs record date: What’s the difference?</li></ul><p><b>Read Our Latest Report on GWW</b></p><h2>Insider Activity</h2><p>In related news, SVP Matt Fortin sold 511 shares of the business's stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $915.20, for a total transaction of $467,667.20. Following the completion of the sale, the senior vice president now directly owns 1,848 shares in the company, valued at $1,691,289.60. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Company insiders own 9.50% of the company's stock. </p><h2>W.W. Grainger Price Performance</h2><ul><li>Is Fastenal Setting Up a Furious Flag Breakout? </li></ul><p>Shares of W.W. Grainger stock traded up $4.26 on Tuesday, reaching $962.40. The company's stock had a trading volume of 147,532 shares, compared to its average volume of 245,778. The company has a market capitalization of $47.22 billion, a P/E ratio of 26.57, a PEG ratio of 1.85 and a beta of 1.17. The stock has a 50-day moving average price of $937.75 and a 200-day moving average price of $951.68. The company has a quick ratio of 1.33, a current ratio of 2.30 and a debt-to-equity ratio of 0.50. W.W. Grainger, Inc. has a 52-week low of $674.41 and a 52-week high of $1,034.18. </p><p>W.W. Grainger (NYSE:GWW - Get Free Report) last announced its earnings results on Thursday, August 1st. The industrial products company reported $9.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.58 by $0.18. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the business earned $9.28 earnings per share. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. Analysts expect that W.W. Grainger, Inc. will post 39.1 EPS for the current year. </p><h2>W.W. Grainger Dividend Announcement</h2><p>The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Monday, August 12th will be issued a dividend of $2.05 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.85%. W.W. Grainger's payout ratio is currently 22.64%. </p><h2>W.W. Grainger Company Profile</h2> (Free Report)<p>W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than W.W. Grainger</li><li>What Are Dividend Achievers? 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<p>Chevy Chase Trust Holdings LLC has decreased its stake in W.W. Grainger, Inc. (NYSE:GWW) by 2.3%, selling 571 shares in the second quarter. The firm now holds 23,889 shares valued at approximately $4,554,000. Additionally, several other hedge funds have altered their positions in the company which is predominantly held by institutional investors. Analysts have issued mixed ratings on the stock with an average hold rating and a price target of $1,017.13. W.W. Grainger stock is currently trading at $1,630.40 with a market cap of $22.22 billion.</p>

Chevy Chase Trust Holdings LLC Sells 571 Shares of W.W. Grainger, Inc. (NYSE:GWW)