W.W. Grainger, Inc. (NYSE:GWW) Holdings Boosted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,203 shares of the industrial products company’s stock after purchasing an additional 5,443 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of W.W. Grainger worth $81,371,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Busey Bank lifted its stake in W.W. Grainger by 1.5% in the 4th quarter. Busey Bank now owns 615 shares of the industrial products company’s stock worth $648,000 after acquiring an additional 9 shares in the last quarter. Angeles Wealth Management LLC increased its position in W.W. Grainger by 2.1% in the 4th quarter. Angeles Wealth Management LLC now owns 438 shares of the industrial products company’s stock worth $462,000 after purchasing an additional 9 shares during the last quarter. Iron Horse Wealth Management LLC raised its stake in shares of W.W. Grainger by 43.5% during the 4th quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 10 shares in the last quarter. Welch & Forbes LLC lifted its holdings in shares of W.W. Grainger by 2.1% during the 4th quarter. Welch & Forbes LLC now owns 481 shares of the industrial products company’s stock valued at $507,000 after buying an additional 10 shares during the last quarter. Finally, United Community Bank grew its stake in shares of W.W. Grainger by 6.9% in the 4th quarter. United Community Bank now owns 155 shares of the industrial products company’s stock valued at $163,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. StockNews.com downgraded shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. Royal Bank of Canada decreased their price objective on shares of W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating for the company in a report on Monday, February 3rd. Finally, William Blair upgraded W.W. Grainger from a “market perform” rating to an “outperform” rating in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, W.W. Grainger has an average rating of “Hold” and an average price target of $1,151.50.

W.W. Grainger Trading Down 0.1 %

W.W. Grainger stock opened at $987.04 on Friday. The business’s 50-day simple moving average is $1,030.14 and its 200-day simple moving average is $1,076.42. W.W. Grainger, Inc. has a 52 week low of $874.98 and a 52 week high of $1,227.66. The firm has a market capitalization of $47.59 billion, a PE ratio of 25.50, a PEG ratio of 2.70 and a beta of 1.18. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Friday, January 31st. The industrial products company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.04). W.W. Grainger had a return on equity of 52.43% and a net margin of 11.12%. During the same period last year, the business earned $8.33 EPS. Equities research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were given a $2.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $8.20 annualized dividend and a yield of 0.83%. W.W. Grainger’s dividend payout ratio is 21.18%.

W.W. Grainger Company Profile

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.