Nomura Holdings Inc. Sells 409 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Nomura Holdings Inc. decreased its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 2.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,079 shares of the industrial products company’s stock after selling 409 shares during the period. Nomura Holdings Inc.’s holdings in W.W. Grainger were worth $3,510,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of W.W. Grainger by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,438,209 shares of the industrial products company’s stock worth $1,265,798,000 after buying an additional 192,967 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of W.W. Grainger by 6.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 10,020 shares of the industrial products company’s stock worth $2,332,000 after buying an additional 599 shares in the last quarter. Princeton Alpha Management LP bought a new stake in shares of W.W. Grainger during the first quarter worth $393,000. First Business Financial Services Inc. boosted its stake in shares of W.W. Grainger by 21.4% in the first quarter. First Business Financial Services Inc. now owns 2,000 shares of the industrial products company’s stock worth $466,000 after buying an additional 353 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in shares of W.W. Grainger by 134.7% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 22,793 shares of the industrial products company’s stock worth $5,305,000 after buying an additional 13,083 shares in the last quarter. Institutional investors and hedge funds own 79.75% of the company’s stock.

Shares of W.W. Grainger, Inc. (NYSE GWW) opened at 172.21 on Tuesday. The stock has a market cap of $10.06 billion, a P/E ratio of 17.58 and a beta of 0.76. The stock’s 50 day moving average is $176.17 and its 200 day moving average is $219.41. W.W. Grainger, Inc. has a 12 month low of $167.44 and a 12 month high of $262.71.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Tuesday, April 18th. The industrial products company reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.99 by $0.11. W.W. Grainger had a return on equity of 33.24% and a net margin of 5.84%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the business posted $3.18 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. Analysts predict that W.W. Grainger, Inc. will post $10.36 earnings per share for the current fiscal year.

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A number of research analysts recently weighed in on GWW shares. TheStreet cut shares of W.W. Grainger from a “b-” rating to a “c+” rating in a report on Thursday, May 11th. BMO Capital Markets restated a “hold” rating and issued a $198.00 price objective on shares of W.W. Grainger in a report on Thursday, May 25th. Stephens set a $190.00 price objective on shares of W.W. Grainger and gave the company a “hold” rating in a report on Wednesday, April 19th. Stifel Nicolaus restated a “hold” rating and issued a $180.00 price objective (down previously from $204.00) on shares of W.W. Grainger in a report on Friday, June 2nd. Finally, BidaskClub upgraded shares of W.W. Grainger from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Six equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $187.50.

W.W. Grainger Company Profile

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.

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

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