Alliancebernstein L.P. Has $73.88 Million Stock Holdings in W.W. Grainger, Inc. $GWW

Key Points

• Alliancebernstein L.P. increased its stake in W.W. Grainger, Inc. by 2.2% in Q1, holding 74,790 shares worth approximately $73.88 million.
• W.W. Grainger reported a quarterly earnings miss of $9.97 EPS, slightly below analysts' expectations, with a revenue increase of 5.6% year-over-year.
• The company recently declared a quarterly dividend of $2.26 per share, translating to an annual yield of 0.9%.

Alliancebernstein L.P. increased its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,790 shares of the industrial products company's stock after purchasing an additional 1,617 shares during the quarter. Alliancebernstein L.P. owned approximately 0.16% of W.W. Grainger worth $73,880,000 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. N.E.W. Advisory Services LLC bought a new position in W.W. Grainger in the first quarter worth $25,000. Investment Management Corp VA ADV bought a new position in W.W. Grainger in the fourth quarter worth $35,000. Cornerstone Planning Group LLC lifted its position in W.W. Grainger by 34.3% in the first quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company's stock worth $47,000 after purchasing an additional 12 shares during the period. Itau Unibanco Holding S.A. bought a new position in W.W. Grainger in the first quarter worth $46,000. Finally, Columbia River Financial Group LLC bought a new position in W.W. Grainger in the first quarter worth $65,000. 80.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

W.W. Grainger Price Performance

Shares of NYSE:GWW traded up $17.60 during midday trading on Thursday, reaching $1,011.66. The company's stock had a trading volume of 213,386 shares, compared to its average volume of 289,694. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,227.66. The company has a market capitalization of $48.39 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.89 and a beta of 1.18. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64. The business's fifty day simple moving average is $1,010.11 and its 200-day simple moving average is $1,018.69.

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

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were paid a $2.26 dividend. 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%.

W.W. Grainger 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.