Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 7.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 8,593 shares of the industrial products company’s stock after acquiring an additional 581 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in W.W. Grainger were worth $1,545,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Tobam bought a new stake in shares of W.W. Grainger during the 2nd quarter valued at $7,228,000. Neuberger Berman Group LLC lifted its position in shares of W.W. Grainger by 16.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 852,421 shares of the industrial products company’s stock valued at $153,888,000 after acquiring an additional 119,186 shares during the period. Ronna Sue Cohen bought a new stake in shares of W.W. Grainger during the 3rd quarter valued at $3,651,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of W.W. Grainger by 2.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 168,049 shares of the industrial products company’s stock valued at $30,338,000 after acquiring an additional 4,210 shares during the period. Finally, State Farm Mutual Automobile Insurance Co. lifted its position in shares of W.W. Grainger by 102.3% during the 2nd quarter. State Farm Mutual Automobile Insurance Co. now owns 41,570 shares of the industrial products company’s stock valued at $7,505,000 after acquiring an additional 21,017 shares during the period. Hedge funds and other institutional investors own 85.98% of the company’s stock.
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W.W. Grainger, Inc. (NYSE GWW) opened at $195.79 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.28 and a quick ratio of 1.28. The company has a market capitalization of $11,594.94, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.97 and a beta of 0.78. W.W. Grainger, Inc. has a 1 year low of $155.00 and a 1 year high of $262.71.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.34. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.65 billion. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.06 earnings per share. equities research analysts anticipate that W.W. Grainger, Inc. will post 10.65 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be paid a $1.28 dividend. The ex-dividend date is Friday, November 10th. This represents a $5.12 annualized dividend and a dividend yield of 2.62%. W.W. Grainger’s payout ratio is 60.95%.
In other news, VP Eric R. Tapia sold 190 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $208.26, for a total value of $39,569.40. Following the completion of the sale, the vice president now owns 3,748 shares of the company’s stock, valued at $780,558.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Paige K. Robbins sold 346 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $202.31, for a total value of $69,999.26. Following the completion of the sale, the vice president now directly owns 8,400 shares of the company’s stock, valued at approximately $1,699,404. The disclosure for this sale can be found here. Corporate insiders own 9.60% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded W.W. Grainger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Royal Bank Of Canada upped their price objective on W.W. Grainger from $145.00 to $146.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 18th. Credit Suisse Group set a $172.00 price objective on W.W. Grainger and gave the stock a “sell” rating in a research report on Wednesday, October 18th. BMO Capital Markets restated a “market perform” rating and set a $178.00 price objective (up from $165.00) on shares of W.W. Grainger in a research report on Monday, October 9th. Finally, Wells Fargo & Company set a $210.00 price objective on W.W. Grainger and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $191.23.
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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