Norinchukin Bank The Has $1.82 Million Stake in W W Grainger Inc (GWW)

Norinchukin Bank The lowered its position in W W Grainger Inc (NYSE:GWW) by 47.2% in the 4th quarter, Holdings Channel reports. The firm owned 7,704 shares of the industrial products company’s stock after selling 6,889 shares during the period. Norinchukin Bank The’s holdings in W W Grainger were worth $1,820,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Tredje AP fonden raised its holdings in shares of W W Grainger by 32.2% in the third quarter. Tredje AP fonden now owns 3,450 shares of the industrial products company’s stock valued at $620,000 after purchasing an additional 840 shares during the last quarter. MU Investments Co. Ltd. increased its holdings in W W Grainger by 29.2% during the fourth quarter. MU Investments Co. Ltd. now owns 24,800 shares of the industrial products company’s stock worth $5,901,000 after buying an additional 5,600 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in W W Grainger by 4.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,728 shares of the industrial products company’s stock worth $3,007,000 after buying an additional 550 shares during the last quarter. Pinebridge Investments L.P. increased its holdings in W W Grainger by 47.1% during the third quarter. Pinebridge Investments L.P. now owns 5,128 shares of the industrial products company’s stock worth $921,000 after buying an additional 1,642 shares during the last quarter. Finally, TD Asset Management Inc. increased its holdings in W W Grainger by 13.8% during the third quarter. TD Asset Management Inc. now owns 476,761 shares of the industrial products company’s stock worth $85,698,000 after buying an additional 57,957 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

In other W W Grainger news, VP Laura D. Brown sold 9,158 shares of W W Grainger stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $232.86, for a total transaction of $2,132,531.88. Following the completion of the sale, the vice president now directly owns 16,893 shares in the company, valued at $3,933,703.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lucas E. Watson bought 195 shares of the company’s stock in a transaction on Monday, February 5th. The shares were bought at an average price 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 90 days. 9.60% of the stock is owned by company insiders.

A number of analysts recently issued reports on the stock. Stifel Nicolaus restated a “hold” rating and set a $278.00 price objective on shares of W W Grainger in a report on Friday, January 26th. Zacks Investment Research upgraded shares of W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 price objective for the company in a report on Tuesday, January 30th. BMO Capital Markets raised their price objective on shares of W W Grainger from $224.00 to $235.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Stephens restated a “hold” rating and set a $264.00 price objective on shares of W W Grainger in a report on Thursday, January 25th. Finally, Robert W. Baird upgraded shares of W W Grainger from a “neutral” rating to a “buy” rating in a report on Thursday, January 25th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. W W Grainger presently has a consensus rating of “Hold” and a consensus target price of $234.38.

W W Grainger Inc (NYSE:GWW) opened at $263.60 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.13 and a quick ratio of 1.18. W W Grainger Inc has a 1 year low of $155.00 and a 1 year high of $298.14. The company has a market cap of $14,746.33, a P/E ratio of 22.84, a PEG ratio of 1.95 and a beta of 0.88.

W W Grainger (NYSE:GWW) last released its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.94 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.57 billion. During the same period last year, the business earned $2.45 earnings per share. W W Grainger’s revenue was up 6.5% compared to the same quarter last year. analysts predict that W W Grainger Inc will post 13.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be given 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 1.94%. W W Grainger’s dividend payout ratio (DPR) is currently 51.10%.

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

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