Nomura Asset Management Co. Ltd. lowered its position in shares of W W Grainger Inc (NYSE:GWW) by 12.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,758 shares of the industrial products company’s stock after selling 1,496 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in W W Grainger were worth $3,036,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of W W Grainger by 10.6% during the 4th quarter. Victory Capital Management Inc. now owns 39,716 shares of the industrial products company’s stock worth $9,383,000 after purchasing an additional 3,812 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of W W Grainger by 3.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 9,801 shares of the industrial products company’s stock worth $2,315,000 after purchasing an additional 308 shares during the period. California Public Employees Retirement System raised its position in shares of W W Grainger by 20.0% during the 4th quarter. California Public Employees Retirement System now owns 200,493 shares of the industrial products company’s stock worth $47,366,000 after purchasing an additional 33,423 shares during the period. Daiwa Securities Group Inc. raised its position in shares of W W Grainger by 138.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,081 shares of the industrial products company’s stock worth $964,000 after purchasing an additional 2,371 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of W W Grainger during the 4th quarter worth approximately $336,000. Hedge funds and other institutional investors own 78.59% of the company’s stock.

Shares of NYSE GWW opened at $318.77 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.20 and a quick ratio of 1.24. The firm has a market cap of $17.71 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 1.75 and a beta of 0.81. W W Grainger Inc has a 1 year low of $155.00 and a 1 year high of $322.34.

W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Thursday, April 19th. The industrial products company reported $4.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.74. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.72 billion. W W Grainger had a return on equity of 39.23% and a net margin of 6.03%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $2.88 EPS. equities research analysts forecast that W W Grainger Inc will post 14.96 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Monday, May 14th were paid a dividend of $1.36 per share. This is a positive change from W W Grainger’s previous quarterly dividend of $1.28. This represents a $5.44 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Friday, May 11th. W W Grainger’s dividend payout ratio (DPR) is presently 47.47%.

A number of analysts have recently weighed in on GWW shares. Zacks Investment Research cut W W Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Goldman Sachs Group reissued a “neutral” rating on shares of W W Grainger in a report on Monday, March 19th. Royal Bank of Canada reissued a “sell” rating and issued a $221.00 price objective on shares of W W Grainger in a report on Friday, April 20th. BMO Capital Markets increased their price objective on W W Grainger from $235.00 to $242.00 and gave the stock a “market perform” rating in a report on Friday, March 16th. They noted that the move was a valuation call. Finally, Deutsche Bank set a $275.00 price objective on W W Grainger and gave the stock a “hold” rating in a report on Friday, April 6th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. W W Grainger currently has an average rating of “Hold” and a consensus target price of $261.55.

In other W W Grainger news, VP Eric R. Tapia sold 216 shares of the stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $278.73, for a total transaction of $60,205.68. Following the completion of the transaction, the vice president now directly owns 3,870 shares of the company’s stock, valued at approximately $1,078,685.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John L. Howard sold 19,500 shares of the stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $295.00, for a total value of $5,752,500.00. Following the transaction, the vice president now directly owns 57,906 shares of the company’s stock, valued at $17,082,270. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,716 shares of company stock valued at $14,133,676. 10.10% of the stock is currently owned by corporate insiders.

W W Grainger Company Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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Institutional Ownership by Quarter for W W Grainger (NYSE:GWW)

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