W W Grainger Inc (GWW) Stake Raised by MUFG Americas Holdings Corp

MUFG Americas Holdings Corp increased its holdings in W W Grainger Inc (NYSE:GWW) by 65.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,062 shares of the industrial products company’s stock after purchasing an additional 422 shares during the period. MUFG Americas Holdings Corp’s holdings in W W Grainger were worth $251,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Longview Partners Guernsey LTD grew 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 purchasing an additional 156,313 shares during the period. Mackenzie Financial Corp grew its position in shares of W W Grainger by 13.0% in the third quarter. Mackenzie Financial Corp now owns 2,103,608 shares of the industrial products company’s stock valued at $378,124,000 after purchasing an additional 242,827 shares during the period. Ameriprise Financial Inc. grew its position in shares of W W Grainger by 224.7% in the third quarter. Ameriprise Financial Inc. now owns 1,225,728 shares of the industrial products company’s stock valued at $220,325,000 after purchasing an additional 848,192 shares during the period. Neuberger Berman Group LLC grew its position in shares of W W Grainger by 6.1% in the third quarter. Neuberger Berman Group LLC now owns 904,416 shares of the industrial products company’s stock valued at $162,569,000 after purchasing an additional 51,995 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of W W Grainger by 81.0% in the third quarter. Bank of New York Mellon Corp now owns 730,951 shares of the industrial products company’s stock valued at $131,388,000 after purchasing an additional 327,085 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

In other news, VP Eric R. Tapia sold 100 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $266.06, for a total value of $26,606.00. Following the completion of the sale, the vice president now owns 3,563 shares of the company’s stock, valued at $947,971.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John L. Howard sold 21,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $220.56, for a total value of $4,631,760.00. The disclosure for this sale can be found here. Insiders sold 30,258 shares of company stock valued at $6,790,898 in the last ninety days. Company insiders own 9.60% of the company’s stock.

Shares of W W Grainger Inc (GWW) opened at $266.68 on Tuesday. W W Grainger Inc has a 1 year low of $155.00 and a 1 year high of $298.14. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.18 and a current ratio of 2.13. The stock has a market capitalization of $15,021.78, a PE ratio of 23.27, a price-to-earnings-growth ratio of 1.99 and a beta of 0.88.

W W Grainger (NYSE:GWW) last issued its earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the business earned $2.45 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. equities research analysts forecast that W W Grainger Inc will post 13.81 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be given a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, February 9th. W W Grainger’s payout ratio is 51.10%.

A number of equities research analysts have recently commented on GWW shares. TheStreet raised W W Grainger from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Robert W. Baird raised W W Grainger from a “neutral” rating to a “buy” rating in a research report on Thursday, January 25th. Oppenheimer reaffirmed a “buy” rating and issued a $245.00 price objective on shares of W W Grainger in a research report on Monday, November 13th. Zacks Investment Research raised W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 price target for the company in a research report on Tuesday, January 30th. 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 issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target 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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Institutional Ownership by Quarter for W W Grainger (NYSE:GWW)

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