AG2R LA Mondiale Gestion D Actifs Takes Position in W.W. Grainger, Inc. $GWW

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired 1,741 shares of W.W. Grainger, valued at approximately $1.89 million, in its first quarter investment.
• Analysts have adjusted their target prices for W.W. Grainger, with JPMorgan lowering it from $1,125.00 to $1,035.00 and Royal Bank of Canada from $1,176.00 to $1,007.00.
• W.W. Grainger recently declared a quarterly dividend of $2.26, reflecting an annual yield of 0.9% and a payout ratio of 22.94%.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,741 shares of the industrial products company's stock, valued at approximately $1,893,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GWW. Brighton Jones LLC boosted its stake in W.W. Grainger by 46.8% during the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company's stock valued at $338,000 after acquiring an additional 102 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of W.W. Grainger by 2.1% in the fourth quarter. Janus Henderson Group PLC now owns 6,610 shares of the industrial products company's stock valued at $6,975,000 after purchasing an additional 133 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in W.W. Grainger in the 4th quarter valued at approximately $425,000. NorthRock Partners LLC acquired a new position in shares of W.W. Grainger during the fourth quarter valued at $801,000. Finally, Nomura Holdings Inc. boosted its holdings in shares of W.W. Grainger by 81.8% in the fourth quarter. Nomura Holdings Inc. now owns 2,451 shares of the industrial products company's stock valued at $2,583,000 after acquiring an additional 1,103 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Insider Activity

In other news, SVP Jonny M. Leroy sold 500 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $992.86, for a total value of $496,430.00. Following the transaction, the senior vice president directly owned 1,771 shares of the company's stock, valued at $1,758,355.06. The trade was a 22.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.10% of the company's stock.

W.W. Grainger Stock Performance

Shares of W.W. Grainger stock traded down $18.91 during trading on Tuesday, reaching $993.71. The company's stock had a trading volume of 402,985 shares, compared to its average volume of 291,322. W.W. Grainger, Inc. has a one year low of $893.99 and a one year high of $1,227.66. The business's fifty day moving average price is $1,008.07 and its 200-day moving average price is $1,018.89. The firm has a market cap of $47.53 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82.

W.W. Grainger (NYSE:GWW - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing analysts' consensus estimates of $10.07 by ($0.10). The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The firm's quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, equities research analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were given a dividend of $2.26 per share. The ex-dividend date was Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. W.W. Grainger's dividend payout ratio (DPR) is 22.94%.

Analyst Upgrades and Downgrades

GWW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating on the stock in a report on Thursday, September 4th. Royal Bank Of Canada reduced their target price on W.W. Grainger from $1,176.00 to $1,007.00 and set a "sector perform" rating for the company in a report on Monday, August 4th. Morgan Stanley decreased their target price on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating for the company in a research note on Friday, July 11th. Finally, Loop Capital dropped their target price on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $1,069.13.

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.