Allstate Corp Has $1.71 Million Holdings in W.W. Grainger, Inc. $GWW

Key Points

• Allstate Corp increased its holdings in W.W. Grainger, Inc. by 31.4% during the first quarter, acquiring an additional 414 shares, bringing its total to 1,731 shares worth approximately $1,710,000.
• W.W. Grainger reported $9.97 earnings per share for the last quarter, missing analysts' estimates by $0.10, although its revenue increased by 5.6% year-over-year to $4.55 billion.
• The company has declared a quarterly dividend of $2.26 per share, with an annualized dividend yield of 0.9%, scheduled for payment on September 1st.

Allstate Corp boosted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 31.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,731 shares of the industrial products company's stock after purchasing an additional 414 shares during the quarter. Allstate Corp's holdings in W.W. Grainger were worth $1,710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC boosted its position in W.W. Grainger by 2.1% during the first quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company's stock worth $480,000 after purchasing an additional 10 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in W.W. Grainger by 3.2% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company's stock worth $319,000 after purchasing an additional 10 shares during the period. Hemington Wealth Management boosted its position in W.W. Grainger by 0.9% during the first quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company's stock worth $1,125,000 after purchasing an additional 10 shares during the period. Crew Capital Management Ltd. boosted its position in W.W. Grainger by 4.7% during the first quarter. Crew Capital Management Ltd. now owns 270 shares of the industrial products company's stock worth $267,000 after purchasing an additional 12 shares during the period. Finally, Cornerstone Planning Group LLC boosted its position in W.W. Grainger by 34.3% during 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. 80.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GWW has been the subject of a number of research analyst reports. Morgan Stanley reduced their price objective 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 report on Friday, July 11th. Royal Bank Of Canada dropped 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. Loop Capital dropped their target price on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. lifted their target price on 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. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $1,080.38.

W.W. Grainger Price Performance

GWW stock traded up $5.12 during midday trading on Wednesday, reaching $1,017.08. The company had a trading volume of 229,886 shares, compared to its average volume of 289,535. The company has a market capitalization of $48.65 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 2.94 and a beta of 1.18. The stock has a 50 day moving average price of $1,016.08 and a 200-day moving average price of $1,020.01. W.W. Grainger, Inc. has a 1-year low of $893.99 and a 1-year high of $1,227.66. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted its quarterly earnings results 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 during 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 revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Equities research analysts expect 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 will be paid on Monday, September 1st. Investors of record on Monday, August 11th will be paid a $2.26 dividend. This represents a $9.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 11th. W.W. Grainger's payout ratio 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.