Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Sells 550 Shares of W W Grainger Inc (GWW)
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its stake in shares of W W Grainger Inc (NYSE:GWW) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,043 shares of the industrial products company’s stock after selling 550 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in W W Grainger were worth $1,884,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in GWW. Longview Partners Guernsey LTD raised its position in shares of W W Grainger by 33.2% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,001,477 shares of the industrial products company’s stock valued at $899,015,000 after buying an additional 1,245,771 shares during the period. Ameriprise Financial Inc. raised its position in W W Grainger by 224.7% in the third quarter. Ameriprise Financial Inc. now owns 1,225,728 shares of the industrial products company’s stock valued at $220,325,000 after purchasing an additional 848,192 shares during the period. Koch Industries Inc. raised its position in W W Grainger by 27,293.0% in the second quarter. Koch Industries Inc. now owns 471,433 shares of the industrial products company’s stock valued at $469,000 after purchasing an additional 469,712 shares during the period. Bank of New York Mellon Corp raised its position in W W Grainger by 81.0% in the third quarter. Bank of New York Mellon Corp now owns 730,951 shares of the industrial products company’s stock valued at $131,388,000 after purchasing an additional 327,085 shares during the period. Finally, Mackenzie Financial Corp raised its position in W W Grainger by 13.0% in the third quarter. Mackenzie Financial Corp now owns 2,103,608 shares of the industrial products company’s stock valued at $378,124,000 after purchasing an additional 242,827 shares during the period. 85.84% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP John L. Howard sold 21,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $220.56, for a total transaction of $4,631,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lucas E. Watson purchased 195 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average cost of $256.51 per share, with a total value of $50,019.45. The disclosure for this purchase can be found here. Insiders sold 30,258 shares of company stock valued at $6,790,898 over the last ninety days. Corporate insiders own 9.60% of the company’s stock.
W W Grainger (NYSE:GWW) last released its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.76. W W Grainger had a net margin of 5.62% and a return on equity of 35.76%. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm posted $2.45 earnings per share. W W Grainger’s revenue for the quarter was up 6.5% on a year-over-year basis. equities research analysts forecast that W W Grainger Inc will post 13.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be issued a $1.28 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 1.92%. W W Grainger’s payout ratio is 51.10%.
A number of research firms have recently weighed in on GWW. Royal Bank of Canada reaffirmed a “sell” rating and set a $192.00 price objective on shares of W W Grainger in a research report on Thursday, January 4th. Zacks Investment Research lowered W W Grainger from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 16th. TheStreet raised W W Grainger from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Credit Suisse Group reaffirmed an “underperform” rating and set a $190.00 price objective (up previously from $172.00) on shares of W W Grainger in a research report on Tuesday, January 9th. They noted that the move was a valuation call. Finally, Oppenheimer reaffirmed a “buy” rating and set a $245.00 price objective on shares of W W Grainger in a research report on Monday, November 13th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. W W Grainger currently has an average rating of “Hold” and an average target price of $234.38.
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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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