Amundi Has $424.39 Million Holdings in W.W. Grainger, Inc. $GWW

Key Points

• Amundi reduced its holdings in W.W. Grainger, Inc. by 5.1% in the first quarter, now owning 435,981 shares valued at approximately $424 million.
• Several hedge funds, including GAMMA Investing LLC, have dramatically increased their positions in W.W. Grainger, with GAMMA lifting its stake by 100,843%.
• Analysts have adjusted their price targets for W.W. Grainger, with JPMorgan increasing it to $1,125.00 while Loop Capital and Royal Bank Of Canada have lowered their targets to $950.00 and $1,007.00, respectively.

Amundi lowered its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 5.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 435,981 shares of the industrial products company's stock after selling 23,555 shares during the period. Amundi owned 0.91% of W.W. Grainger worth $424,388,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GWW. Golden State Wealth Management LLC raised its holdings in shares of W.W. Grainger by 1,685.7% in the 1st quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company's stock worth $123,000 after purchasing an additional 118 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of W.W. Grainger by 5.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,095 shares of the industrial products company's stock worth $5,033,000 after purchasing an additional 256 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of W.W. Grainger by 116.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,917 shares of the industrial products company's stock worth $33,506,000 after purchasing an additional 18,216 shares during the period. GAMMA Investing LLC raised its holdings in shares of W.W. Grainger by 2.2% in the 1st quarter. GAMMA Investing LLC now owns 701 shares of the industrial products company's stock worth $692,000 after purchasing an additional 15 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of W.W. Grainger by 8.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,970 shares of the industrial products company's stock worth $6,796,000 after purchasing an additional 564 shares during the period. Institutional investors and hedge funds own 80.70% of the company's stock.

W.W. Grainger Stock Up 0.4%

Shares of GWW stock traded up $3.97 on Monday, reaching $997.44. 300,445 shares of the company's stock traded hands, compared to its average volume of 290,429. W.W. Grainger, Inc. has a 12-month low of $893.99 and a 12-month high of $1,227.66. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. The company has a market capitalization of $47.71 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 2.88 and a beta of 1.18. The business's 50 day moving average price is $1,012.87 and its two-hundred day moving average price is $1,019.08.

W.W. Grainger (NYSE:GWW - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.07 by ($0.10). W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the company posted $9.76 EPS. The business's 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. On average, equities analysts forecast 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 announced a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were issued a $2.26 dividend. The ex-dividend date of this dividend 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 is presently 22.94%.

Analyst Ratings Changes

Several brokerages recently commented on GWW. JPMorgan Chase & Co. dropped 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. Royal Bank Of Canada lowered 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 research note on Monday, August 4th. Loop Capital decreased 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. Finally, Morgan Stanley decreased their target price on 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, W.W. Grainger currently has a consensus rating of "Hold" and a consensus target price 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.