Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of W W Grainger Inc (NYSE:GWW) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 177,913 shares of the industrial products company’s stock after purchasing an additional 4,473 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.32% of W W Grainger worth $63,588,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GWW. Sun Life Financial INC increased its position in W W Grainger by 60.4% in the 2nd quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 154 shares in the last quarter. MainStreet Investment Advisors LLC increased its position in W W Grainger by 1.3% in the 3rd quarter. MainStreet Investment Advisors LLC now owns 14,070 shares of the industrial products company’s stock valued at $5,029,000 after acquiring an additional 179 shares in the last quarter. Martingale Asset Management L P increased its position in W W Grainger by 1.3% in the 2nd quarter. Martingale Asset Management L P now owns 15,083 shares of the industrial products company’s stock valued at $4,652,000 after acquiring an additional 190 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in W W Grainger by 4.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 4,142 shares of the industrial products company’s stock valued at $1,480,000 after acquiring an additional 190 shares in the last quarter. Finally, Advisor Partners LLC increased its position in W W Grainger by 21.2% in the 2nd quarter. Advisor Partners LLC now owns 1,167 shares of the industrial products company’s stock valued at $360,000 after acquiring an additional 204 shares in the last quarter. 75.99% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on GWW shares. Longbow Research restated a “hold” rating on shares of W W Grainger in a research report on Wednesday, October 17th. Oppenheimer raised their price objective on shares of W W Grainger from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, August 23rd. ValuEngine cut shares of W W Grainger from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. BMO Capital Markets lowered their price objective on shares of W W Grainger from $332.00 to $330.00 and set a “market perform” rating for the company in a research report on Wednesday, October 17th. Finally, Macquarie lifted their price target on shares of W W Grainger from $314.00 to $358.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $308.43.

Shares of NYSE:GWW opened at $310.56 on Monday. W W Grainger Inc has a one year low of $196.78 and a one year high of $372.06. The company has a quick ratio of 1.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. The company has a market cap of $17.49 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 1.54 and a beta of 1.06.

W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, October 16th. The industrial products company reported $4.19 EPS for the quarter, topping the consensus estimate of $3.96 by $0.23. W W Grainger had a net margin of 6.51% and a return on equity of 45.22%. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the previous year, the company earned $2.79 EPS. W W Grainger’s revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts forecast that W W Grainger Inc will post 16.29 earnings per share for the current fiscal year.

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 dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, November 8th. W W Grainger’s dividend payout ratio is currently 47.47%.

In related news, VP John L. Howard sold 14,990 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $368.20, for a total transaction of $5,519,318.00. Following the completion of the transaction, the vice president now owns 58,207 shares in the company, valued at $21,431,817.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.10% of the stock is currently owned by insiders.

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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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