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Korea Investment CORP Lowers Holdings in W.W. Grainger, Inc. $GWW
Korea Investment CORP has reduced its stake in W.W. Grainger, Inc. (NYSE:GWW) by 14.4% in the third quarter, now holding 30,625 shares worth $29.18 million. Despite this, other institutions have increased their holdings, with 80.70% of the stock owned by hedge funds and institutional investors. The company recently reported earnings, issued a quarterly dividend, and received updated price targets from analysts, with a consensus “Hold” rating.