BI Asset Management Fondsmaeglerselskab A S Lowers Stake in W.W. Grainger, Inc. $GWW

Key Points

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BI Asset Management Fondsmaeglerselskab A S lowered its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 22.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 28,258 shares of the industrial products company's stock after selling 8,119 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned about 0.06% of W.W. Grainger worth $27,914,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in W.W. Grainger by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company's stock worth $5,322,801,000 after acquiring an additional 57,690 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in W.W. Grainger by 10.1% in the 1st quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company's stock worth $812,403,000 after acquiring an additional 75,644 shares during the last quarter. GAMMA Investing LLC grew its holdings in W.W. Grainger by 100,843.0% in the 1st quarter. GAMMA Investing LLC now owns 692,469 shares of the industrial products company's stock worth $684,042,000 after acquiring an additional 691,783 shares during the last quarter. Northern Trust Corp grew its holdings in W.W. Grainger by 14.2% in the 4th quarter. Northern Trust Corp now owns 681,912 shares of the industrial products company's stock worth $718,769,000 after acquiring an additional 84,595 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in W.W. Grainger by 6.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 584,854 shares of the industrial products company's stock worth $616,465,000 after acquiring an additional 37,894 shares during the last quarter. Institutional investors own 80.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GWW shares. Morgan Stanley cut their price target on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating on the stock in a report on Friday, July 11th. Loop Capital dropped their target price on shares of 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 dropped their target price on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a "sector perform" rating for the company in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, W.W. Grainger has a consensus rating of "Hold" and an average target price of $1,080.38.

W.W. Grainger Stock Up 2.7%

NYSE GWW traded up $26.5310 during trading hours on Friday, reaching $1,020.6010. 333,372 shares of the company's stock traded hands, compared to its average volume of 348,754. W.W. Grainger, Inc. has a 52-week low of $893.99 and a 52-week high of $1,227.66. The firm has a market cap of $48.82 billion, a PE ratio of 25.90, a PEG ratio of 2.89 and a beta of 1.18. The firm has a 50-day simple moving average of $1,017.89 and a 200 day simple moving average of $1,020.54. 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 issued its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $4.52 billion. During the same period last year, the business earned $9.76 earnings per share. The company's revenue was up 5.6% on a year-over-year basis. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Sell-side analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Investors 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 of this dividend is Monday, August 11th. 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.