Ameriprise Financial Inc. Sells 8,757 Shares of W.W. Grainger, Inc. $GWW

Key Points

• Ameriprise Financial Inc. reduced its stake in W.W. Grainger, Inc. by 9.5%, selling 8,757 shares and now holding approximately 0.17% of the company, valued at about $82.5 million.
• W.W. Grainger recently announced earnings of $9.97 per share, missing estimates, but reported a 5.6% increase in revenue compared to the same quarter last year.
• The company declared a quarterly dividend of $2.26 per share, which will be paid on September 1st, representing an annualized yield of 0.9%.

Ameriprise Financial Inc. lowered its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,512 shares of the industrial products company's stock after selling 8,757 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.17% of W.W. Grainger worth $82,497,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GWW. Checchi Capital Advisers LLC boosted its position in shares of W.W. Grainger by 2.1% in the first quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company's stock valued at $480,000 after acquiring an additional 10 shares during the period. Cary Street Partners Investment Advisory LLC lifted its stake in W.W. Grainger by 3.2% in the 1st 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 in the last quarter. Hemington Wealth Management boosted its holdings in W.W. Grainger by 0.9% in the 1st quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company's stock valued at $1,125,000 after purchasing an additional 10 shares during the period. Crew Capital Management Ltd. grew its position in shares of W.W. Grainger by 4.7% during the 1st quarter. Crew Capital Management Ltd. now owns 270 shares of the industrial products company's stock valued at $267,000 after purchasing an additional 12 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its position in shares of W.W. Grainger by 34.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 12 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Trading Down 0.9%

Shares of GWW opened at $1,013.09 on Tuesday. The firm's 50 day simple moving average is $1,016.74 and its 200 day simple moving average is $1,020.06. The company has a market capitalization of $48.46 billion, a P/E ratio of 25.71, a P/E/G ratio of 2.96 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. W.W. Grainger, Inc. has a 1-year low of $893.99 and a 1-year high of $1,227.66.

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). The company had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The company's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Sell-side analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on W.W. Grainger from $1,100.00 to $1,125.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 27th. Loop Capital lowered their price target on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a report on Monday, August 4th. 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. Finally, Royal Bank Of Canada decreased their price objective on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a "sector perform" 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 issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $1,080.38.

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.

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