Longview Partners Guernsey LTD Grows Stake in W W Grainger Inc (GWW)
Longview Partners Guernsey LTD lifted its holdings in shares of W W Grainger Inc (NYSE:GWW) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,157,790 shares of the industrial products company’s stock after purchasing an additional 156,313 shares during the quarter. W W Grainger accounts for about 6.4% of Longview Partners Guernsey LTD’s investment portfolio, making the stock its biggest holding. Longview Partners Guernsey LTD owned approximately 0.09% of W W Grainger worth $1,218,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in shares of W W Grainger by 224.7% during 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 buying an additional 848,192 shares during the period. Koch Industries Inc. increased its position in shares of W W Grainger by 27,293.0% during the second quarter. Koch Industries Inc. now owns 471,433 shares of the industrial products company’s stock valued at $469,000 after buying an additional 469,712 shares during the period. Bank of New York Mellon Corp increased its position in shares of W W Grainger by 81.0% during 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 buying an additional 327,085 shares during the period. Mackenzie Financial Corp increased its position in shares of W W Grainger by 13.0% during 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 buying an additional 242,827 shares during the period. Finally, State Street Corp increased its position in shares of W W Grainger by 5.4% during the second quarter. State Street Corp now owns 3,251,383 shares of the industrial products company’s stock valued at $586,971,000 after buying an additional 165,293 shares during the period. Institutional investors own 85.92% of the company’s stock.
Shares of W W Grainger Inc (NYSE:GWW) opened at $258.60 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 12-month low of $155.00 and a 12-month high of $298.14. The firm has a market capitalization of $14,639.31, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 1.94 and a beta of 0.88.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be given a $1.28 dividend. The ex-dividend date is Friday, February 9th. This represents a $5.12 annualized dividend and a yield of 1.98%. W W Grainger’s payout ratio is currently 51.10%.
Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and set a $278.00 price target on shares of W W Grainger in a research report on Friday, January 26th. Zacks Investment Research raised 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. Stephens reissued a “hold” rating and set a $264.00 price objective on shares of W W Grainger in a report on Thursday, January 25th. BMO Capital Markets boosted their price objective on W W Grainger from $224.00 to $235.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Finally, Royal Bank of Canada boosted their price objective on W W Grainger from $145.00 to $146.00 and gave the stock an “underperform” rating in a report on Wednesday, October 18th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. W W Grainger currently has an average rating of “Hold” and an average target price of $234.38.
In other W W Grainger news, VP Eric R. Tapia sold 100 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $266.06, for a total value of $26,606.00. Following the completion of the sale, the vice president now owns 3,563 shares in the company, valued at $947,971.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lucas E. Watson acquired 195 shares of the stock in a transaction on Monday, February 5th. The stock was 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 in the last quarter. Corporate insiders own 9.60% of the company’s stock.
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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.
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