Daiwa Securities Group Inc. increased its position in shares of W W Grainger Inc (NYSE:GWW) by 138.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,081 shares of the industrial products company’s stock after buying an additional 2,371 shares during the period. Daiwa Securities Group Inc.’s holdings in W W Grainger were worth $964,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Longview Partners Guernsey LTD increased its position in shares of W W Grainger by 3.1% in the fourth quarter. Longview Partners Guernsey LTD now owns 5,157,790 shares of the industrial products company’s stock valued at $1,218,528,000 after buying an additional 156,313 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of W W Grainger by 20.0% in the 4th quarter. California Public Employees Retirement System now owns 200,493 shares of the industrial products company’s stock valued at $47,366,000 after purchasing an additional 33,423 shares in the last quarter. BP PLC acquired a new position in shares of W W Grainger in the 4th quarter valued at about $4,253,000. Clarus Wealth Advisors acquired a new position in shares of W W Grainger in the 4th quarter valued at about $277,000. Finally, Calton & Associates Inc. acquired a new position in shares of W W Grainger in the 4th quarter valued at about $240,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.
W W Grainger Inc (GWW) traded up $2.59 during mid-day trading on Friday, reaching $266.19. The company’s stock had a trading volume of 469,960 shares, compared to its average volume of 1,010,473. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 1.23. W W Grainger Inc has a 52 week low of $155.00 and a 52 week high of $298.14. The stock has a market cap of $14,848.29, a P/E ratio of 23.00, a PEG ratio of 1.97 and a beta of 0.88.
W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.76. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the business earned $2.45 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. equities research analysts anticipate that W W Grainger Inc will post 13.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be issued a $1.28 dividend. The ex-dividend date is Friday, February 9th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 1.92%. W W Grainger’s dividend payout ratio (DPR) is 51.10%.
In related news, VP John L. Howard sold 21,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $220.56, for a total transaction of $4,631,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Eric R. Tapia sold 100 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $266.06, for a total value of $26,606.00. Following the transaction, the vice president now owns 3,563 shares of the company’s stock, valued at $947,971.78. The disclosure for this sale can be found here. Insiders sold a total of 30,258 shares of company stock valued at $6,790,898 over the last quarter. Company insiders own 9.60% of the company’s stock.
GWW has been the topic of several research analyst reports. Royal Bank of Canada lifted their price objective on W W Grainger from $146.00 to $148.00 and gave the company an “underperform” rating in a research note on Tuesday, November 7th. Oppenheimer reissued a “buy” rating and set a $245.00 price target on shares of W W Grainger in a research report on Monday, November 13th. Stephens reissued a “hold” rating and set a $264.00 price target on shares of W W Grainger in a research report on Thursday, January 25th. Zacks Investment Research lowered W W Grainger from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 16th. Finally, KeyCorp reissued a “hold” rating on shares of W W Grainger in a research report on Monday, November 13th. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $234.38.
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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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