Korea Investment CORP boosted its stake in shares of W W Grainger Inc (NYSE:GWW) by 29.1% during the second quarter, HoldingsChannel.com reports. The firm owned 34,126 shares of the industrial products company’s stock after purchasing an additional 7,700 shares during the quarter. Korea Investment CORP’s holdings in W W Grainger were worth $10,524,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Sun Life Financial INC lifted its position 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 valued at $126,000 after purchasing an additional 154 shares during the period. Synovus Financial Corp bought a new position in W W Grainger during the first quarter valued at approximately $140,000. Piedmont Investment Advisors LLC bought a new position in W W Grainger during the second quarter valued at approximately $178,000. Lincoln National Corp bought a new position in W W Grainger during the first quarter valued at approximately $203,000. Finally, Global Financial Private Capital LLC bought a new position in W W Grainger during the second quarter valued at approximately $203,000. Institutional investors own 79.14% of the company’s stock.

Shares of GWW stock opened at $349.29 on Monday. W W Grainger Inc has a 12 month low of $162.11 and a 12 month high of $372.06. The company has a market cap of $19.61 billion, a price-to-earnings ratio of 30.48, a price-to-earnings-growth ratio of 1.75 and a beta of 0.84. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.37 and a quick ratio of 1.34.

W W Grainger (NYSE:GWW) last announced its earnings results on Wednesday, July 18th. The industrial products company reported $4.37 EPS for the quarter, beating the Zacks’ consensus estimate of $3.78 by $0.59. W W Grainger had a net margin of 7.16% and a return on equity of 42.66%. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. research analysts predict that W W Grainger Inc will post 16.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Monday, August 13th were issued a dividend of $1.36 per share. The ex-dividend date was Friday, August 10th. This represents a $5.44 dividend on an annualized basis and a yield of 1.56%. W W Grainger’s dividend payout ratio is currently 47.47%.

A number of research analysts recently weighed in on GWW shares. Gabelli downgraded shares of W W Grainger from a “buy” rating to a “hold” rating and set a $386.00 price objective on the stock. in a research report on Monday, July 16th. Robert W. Baird downgraded shares of W W Grainger from an “outperform” rating to a “neutral” rating and set a $240.00 price objective on the stock. in a research report on Tuesday, July 3rd. Royal Bank of Canada increased their price objective on shares of W W Grainger to $243.00 and gave the company an “underperform” rating in a research report on Thursday, July 19th. They noted that the move was a valuation call. UBS Group increased their price objective on shares of W W Grainger from $340.00 to $365.00 and gave the company a “hold” rating in a research report on Thursday, August 30th. Finally, Oppenheimer increased 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. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $302.53.

In other news, VP Eric R. Tapia sold 2,265 shares of the stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $315.57, for a total value of $714,766.05. Following the completion of the sale, the vice president now directly owns 4,637 shares of the company’s stock, valued at $1,463,298.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John L. Howard sold 14,990 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $368.20, for a total transaction of $5,519,318.00. Following the completion of the sale, the vice president now directly owns 58,207 shares of the company’s stock, valued at $21,431,817.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,237 shares of company stock valued at $14,456,628. 10.10% of the stock is owned by corporate insiders.

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.

Further Reading: Moving Average – How it Helps Investors in Stock Selection

Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W W Grainger Inc (NYSE:GWW).

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

Receive News & Ratings for W W Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W W Grainger and related companies with MarketBeat.com's FREE daily email newsletter.