Korea Investment CORP Purchases 13,739 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Korea Investment CORP raised its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 63.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,542 shares of the industrial products company's stock after purchasing an additional 13,739 shares during the period. Korea Investment CORP owned 0.07% of W.W. Grainger worth $37,463,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of W.W. Grainger by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,330,688 shares of the industrial products company's stock worth $5,618,812,000 after acquiring an additional 40,376 shares during the last quarter. State Street Corp raised its holdings in W.W. Grainger by 2.3% during the 3rd quarter. State Street Corp now owns 1,997,191 shares of the industrial products company's stock worth $2,074,702,000 after purchasing an additional 45,369 shares during the last quarter. Geode Capital Management LLC raised its holdings in W.W. Grainger by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,167,031 shares of the industrial products company's stock worth $1,208,610,000 after purchasing an additional 28,626 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of W.W. Grainger by 8.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 546,960 shares of the industrial products company's stock worth $568,188,000 after purchasing an additional 42,866 shares during the period. Finally, Amundi boosted its stake in shares of W.W. Grainger by 14.7% in the 4th quarter. Amundi now owns 459,536 shares of the industrial products company's stock valued at $491,170,000 after purchasing an additional 58,978 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Stock Up 0.5 %

Shares of W.W. Grainger stock traded up $5.38 during trading hours on Tuesday, reaching $993.21. The company's stock had a trading volume of 226,578 shares, compared to its average volume of 247,611. The company has a market capitalization of $47.89 billion, a P/E ratio of 25.66, a P/E/G ratio of 2.70 and a beta of 1.18. The stock's fifty day simple moving average is $1,022.30 and its two-hundred day simple moving average is $1,077.69. W.W. Grainger, Inc. has a one year low of $874.98 and a one year high of $1,227.66. 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 - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $9.75 by ($0.04). W.W. Grainger had a net margin of 11.12% and a return on equity of 52.43%. During the same quarter in the prior year, the firm posted $8.33 earnings per share. On average, research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.