Royal Bank Cuts Stake in W.W. Grainger Amid Quarterly Earnings Beat

Royal Bank of Canada has reduced its stake in W.W. Grainger by selling 10,181 shares in the first quarter, according to a recent SEC filing.

The fund now owns 96,555 shares of the industrial products company's stock after the sale, which represents a decrease of about 9.5% from its previous position.

Royal Bank of Canada's total value in W.W. Grainger is approximately $105.3 million as of its most recent filing with the SEC.

The bank owns around 0.20% of W.W. Grainger, making it one of the company's significant shareholders.