W.W. Grainger, Inc. (NYSE:GWW) Stock Holdings Lifted by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 7.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,324 shares of the industrial products company’s stock after buying an additional 87 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in W.W. Grainger were worth $1,308,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its position in shares of W.W. Grainger by 21.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 89 shares of the industrial products company’s stock worth $88,000 after buying an additional 16 shares during the last quarter. National Pension Service lifted its position in shares of W.W. Grainger by 12.6% in the 1st quarter. National Pension Service now owns 60,240 shares of the industrial products company’s stock worth $59,507,000 after buying an additional 6,721 shares during the last quarter. Prudential PLC increased its holdings in shares of W.W. Grainger by 0.5% in the 1st quarter. Prudential PLC now owns 17,188 shares of the industrial products company’s stock worth $16,979,000 after acquiring an additional 77 shares during the period. Resona Asset Management Co. Ltd. increased its holdings in shares of W.W. Grainger by 6.0% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 18,284 shares of the industrial products company’s stock worth $18,011,000 after acquiring an additional 1,041 shares during the period. Finally, Callan Family Office LLC increased its holdings in shares of W.W. Grainger by 141.6% in the 1st quarter. Callan Family Office LLC now owns 4,632 shares of the industrial products company’s stock worth $4,576,000 after acquiring an additional 2,715 shares during the period. 80.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GWW. Morgan Stanley dropped their price objective on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating on the stock in a report on Friday, July 11th. Loop Capital dropped their price objective on shares of W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating on the stock in a report on Monday, August 4th. Royal Bank Of Canada dropped their price objective on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating on the stock in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of W.W. Grainger from $1,100.00 to $1,125.00 and gave the stock a “neutral” rating in a report on Tuesday, May 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1,080.38.

W.W. Grainger Stock Down 0.6%

W.W. Grainger stock opened at $975.78 on Friday. The stock has a market cap of $46.67 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 2.85 and a beta of 1.18. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average price is $1,028.38 and its two-hundred day moving average price is $1,024.46. W.W. Grainger, Inc. has a 52 week low of $893.99 and a 52 week high of $1,227.66.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.07 by ($0.10). The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $9.76 EPS. On average, analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Monday, August 11th will be paid a $2.26 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $9.04 annualized dividend and a dividend yield of 0.9%. W.W. Grainger’s payout ratio is currently 22.94%.

Insider Activity

In other news, VP Krantz Nancy L. Berardinelli sold 280 shares of W.W. Grainger stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $1,075.20, for a total value of $301,056.00. Following the transaction, the vice president owned 3,369 shares of the company’s stock, valued at $3,622,348.80. The trade was a 7.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 6.10% of the stock is owned by corporate insiders.

About W.W. Grainger

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.