W W Grainger Inc (GWW) Stake Boosted by Municipal Employees Retirement System of Michigan
Municipal Employees Retirement System of Michigan lifted its stake in W W Grainger Inc (NYSE:GWW) by 167.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,640 shares of the industrial products company’s stock after acquiring an additional 2,280 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in W W Grainger were worth $860,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Longview Partners Guernsey LTD lifted its holdings in W W Grainger by 3.1% during the 4th quarter. Longview Partners Guernsey LTD now owns 5,157,790 shares of the industrial products company’s stock worth $1,218,528,000 after buying an additional 156,313 shares in the last quarter. BlackRock Inc. lifted its holdings in W W Grainger by 0.4% during the 4th quarter. BlackRock Inc. now owns 3,516,122 shares of the industrial products company’s stock worth $830,686,000 after buying an additional 12,416 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in W W Grainger by 13.0% during the 3rd quarter. Mackenzie Financial Corp now owns 2,103,608 shares of the industrial products company’s stock worth $378,124,000 after buying an additional 242,827 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in W W Grainger by 7.6% during the 4th quarter. Clearbridge Investments LLC now owns 1,724,480 shares of the industrial products company’s stock worth $407,408,000 after buying an additional 121,831 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in W W Grainger by 224.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,225,728 shares of the industrial products company’s stock worth $220,325,000 after buying an additional 848,192 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.
Shares of W W Grainger Inc (NYSE:GWW) opened at $280.17 on Friday. W W Grainger Inc has a fifty-two week low of $155.00 and a fifty-two week high of $298.14. The firm has a market cap of $16,016.41, a price-to-earnings ratio of 24.91, a PEG ratio of 2.13 and a beta of 0.87. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.13 and a quick ratio of 1.18.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Monday, February 12th were given a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, February 9th. W W Grainger’s dividend payout ratio (DPR) is 51.10%.
A number of equities research analysts have issued reports on the stock. Goldman Sachs reiterated a “neutral” rating on shares of W W Grainger in a report on Monday. BMO Capital Markets increased their target price on shares of W W Grainger from $235.00 to $242.00 and gave the stock a “market perform” rating in a report on Friday, March 16th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 target price on the stock in a report on Tuesday, January 30th. Stifel Nicolaus reiterated a “hold” rating and set a $278.00 target price on shares of W W Grainger in a report on Friday, January 26th. Finally, Oppenheimer raised their price objective on shares of W W Grainger from $245.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $234.92.
In related news, Director Lucas E. Watson bought 195 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average cost of $256.51 per share, with a total value of $50,019.45. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Eric R. Tapia sold 100 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $266.06, for a total transaction of $26,606.00. Following the completion of the transaction, the vice president now directly owns 3,563 shares in the company, valued at $947,971.78. The disclosure for this sale can be found here. Company insiders own 9.60% of the company’s stock.
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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