Nomura Asset Management Co. Ltd. Acquires 1,147 Shares of W W Grainger Inc (GWW)
Nomura Asset Management Co. Ltd. grew its holdings in W W Grainger Inc (NYSE:GWW) by 10.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,552 shares of the industrial products company’s stock after acquiring an additional 1,147 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in W W Grainger were worth $4,486,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of W W Grainger by 0.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 61,332 shares of the industrial products company’s stock valued at $18,915,000 after acquiring an additional 535 shares during the last quarter. United Services Automobile Association boosted its holdings in W W Grainger by 1.7% during the second quarter. United Services Automobile Association now owns 35,922 shares of the industrial products company’s stock worth $11,078,000 after buying an additional 596 shares in the last quarter. Ronna Sue Cohen purchased a new stake in W W Grainger during the third quarter worth $3,651,000. Aperio Group LLC boosted its holdings in W W Grainger by 7.4% during the third quarter. Aperio Group LLC now owns 45,390 shares of the industrial products company’s stock worth $16,223,000 after buying an additional 3,141 shares in the last quarter. Finally, Sun Life Financial INC boosted its holdings in W W Grainger by 60.4% during the second quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock worth $126,000 after buying an additional 154 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of GWW opened at $310.56 on Monday. The company has a quick ratio of 1.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. W W Grainger Inc has a 12-month low of $196.78 and a 12-month high of $372.06. The stock has a market capitalization of $17.49 billion, a P/E ratio of 27.10, a PEG ratio of 1.54 and a beta of 1.06.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Monday, November 12th will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Thursday, November 8th. W W Grainger’s dividend payout ratio is currently 47.47%.
GWW has been the topic of a number of recent analyst reports. Oppenheimer increased their price target on shares of W W Grainger from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, September 21st. BMO Capital Markets lowered their price target on shares of W W Grainger from $332.00 to $330.00 and set a “market perform” rating on the stock in a report on Wednesday, October 17th. Macquarie increased their price target on shares of W W Grainger from $314.00 to $358.00 and gave the stock a “neutral” rating in a report on Wednesday, August 22nd. Gordon Haskett assumed coverage on shares of W W Grainger in a report on Friday, October 12th. They set a “hold” rating on the stock. Finally, ValuEngine cut shares of W W Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $308.43.
In related news, VP John L. Howard sold 14,990 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $368.20, for a total value of $5,519,318.00. Following the completion of the sale, the vice president now owns 58,207 shares of the company’s stock, valued at $21,431,817.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.10% of the company’s stock.
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W W Grainger 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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