W W Grainger Inc (NYSE:GWW) Shares Sold by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD lessened its holdings in W W Grainger Inc (NYSE:GWW) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,877 shares of the industrial products company’s stock after selling 502 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in W W Grainger were worth $915,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GWW. Profund Advisors LLC boosted its holdings in shares of W W Grainger by 1.2% in the 2nd quarter. Profund Advisors LLC now owns 1,394 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 17 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of W W Grainger by 1.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 2,050 shares of the industrial products company’s stock valued at $370,000 after purchasing an additional 30 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of W W Grainger by 9.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 6,683 shares of the industrial products company’s stock valued at $1,206,000 after purchasing an additional 563 shares in the last quarter. Virtu KCG Holdings LLC boosted its holdings in shares of W W Grainger by 16.2% in the 2nd quarter. Virtu KCG Holdings LLC now owns 3,259 shares of the industrial products company’s stock valued at $588,000 after purchasing an additional 454 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of W W Grainger by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 252,445 shares of the industrial products company’s stock valued at $45,572,000 after purchasing an additional 3,140 shares in the last quarter. 85.92% 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 firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $220.56, for a total transaction of $4,631,760.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Laura D. Brown sold 9,158 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $232.86, for a total value of $2,132,531.88. Following the transaction, the vice president now directly owns 16,893 shares of the company’s stock, valued at $3,933,703.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,258 shares of company stock valued at $6,790,898. 9.60% of the stock is owned by corporate insiders.

Shares of W W Grainger Inc (GWW) traded up $9.97 during trading hours on Friday, reaching $267.34. The company had a trading volume of 1,723,409 shares, compared to its average volume of 1,434,956. The company has a market cap of $15,058.99, a price-to-earnings ratio of 26.68, a P/E/G ratio of 2.00 and a beta of 0.88. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.18 and a current ratio of 2.13. W W Grainger Inc has a twelve month low of $155.00 and a twelve month high of $298.14.

W W Grainger (NYSE:GWW) last announced its earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.18 by $0.76. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.57 billion. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. W W Grainger’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $2.45 EPS. equities analysts anticipate that W W Grainger Inc will post 13.81 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, February 9th. W W Grainger’s dividend payout ratio is currently 51.10%.

GWW has been the topic of several recent research reports. TheStreet raised W W Grainger from a “c+” rating to a “b-” rating in a report on Wednesday, December 13th. Oppenheimer reissued a “buy” rating and set a $245.00 price objective on shares of W W Grainger in a report on Monday, November 13th. Robert W. Baird raised W W Grainger from a “neutral” rating to a “buy” rating in a report on Thursday, January 25th. Zacks Investment Research raised W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 price objective on the stock in a report on Tuesday, January 30th. Finally, KeyCorp reissued a “hold” rating on shares of W W Grainger in a report on Monday, November 13th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $234.38.

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W W Grainger Company Profile

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.

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

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