Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,157 shares of the industrial products company’s stock after acquiring an additional 290 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in W.W. Grainger were worth $2,185,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GWW. State of Alaska Department of Revenue boosted its position in shares of W.W. Grainger by 10.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,669 shares of the industrial products company’s stock valued at $481,000 after acquiring an additional 260 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of W.W. Grainger by 16.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 12,492 shares of the industrial products company’s stock valued at $2,255,000 after acquiring an additional 1,719 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of W.W. Grainger by 655.0% during the 2nd quarter. APG Asset Management N.V. now owns 462,647 shares of the industrial products company’s stock valued at $83,522,000 after acquiring an additional 401,371 shares in the last quarter. PGGM Investments boosted its position in shares of W.W. Grainger by 28.1% during the 2nd quarter. PGGM Investments now owns 152,576 shares of the industrial products company’s stock valued at $27,545,000 after acquiring an additional 33,513 shares in the last quarter. Finally, Breton Hill Capital Ltd. acquired a new stake in shares of W.W. Grainger during the 2nd quarter valued at about $331,000. Institutional investors and hedge funds own 86.01% of the company’s stock.

In related news, VP Eric R. Tapia sold 190 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $208.26, for a total transaction of $39,569.40. Following the completion of the sale, the vice president now directly owns 3,748 shares of the company’s stock, valued at $780,558.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Paige K. Robbins sold 346 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $202.31, for a total transaction of $69,999.26. Following the sale, the vice president now directly owns 8,400 shares of the company’s stock, valued at $1,699,404. The disclosure for this sale can be found here. Insiders own 9.60% of the company’s stock.

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Shares of W.W. Grainger, Inc. (NYSE GWW) traded down $0.72 during midday trading on Tuesday, hitting $198.90. 335,026 shares of the company’s stock were exchanged, compared to its average volume of 950,879. W.W. Grainger, Inc. has a one year low of $155.00 and a one year high of $262.71. The company has a market capitalization of $11,370.00, a P/E ratio of 18.03, a PEG ratio of 1.90 and a beta of 0.77. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.28 and a current ratio of 2.28.

W.W. Grainger (NYSE:GWW) last announced its earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.56 by $0.34. W.W. Grainger had a net margin of 4.83% and a return on equity of 34.25%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the previous year, the firm posted $3.06 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. research analysts expect that W.W. Grainger, Inc. will post 10.71 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Friday, November 10th. W.W. Grainger’s dividend payout ratio is presently 60.74%.

Several analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated a “sell” rating and set a $145.00 target price on shares of W.W. Grainger in a research report on Wednesday, September 6th. Morgan Stanley set a $185.00 target price on shares of W.W. Grainger and gave the company a “sell” rating in a research report on Wednesday, October 18th. UBS AG lowered shares of W.W. Grainger from a “neutral” rating to a “sell” rating and lifted their target price for the company from $170.00 to $195.00 in a research report on Thursday, October 19th. KeyCorp reiterated a “hold” rating on shares of W.W. Grainger in a research report on Monday, November 13th. Finally, Oppenheimer Holdings, Inc. upgraded shares of W.W. Grainger from a “market perform” rating to an “outperform” rating and set a $245.00 target price on the stock in a research report on Wednesday, October 18th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $191.23.

About W.W. Grainger

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

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