Caisse DE Depot ET Placement DU Quebec Trims Position in W.W. Grainger, Inc. $GWW

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in W.W. Grainger by 0.9%, now owning 79,015 shares valued at approximately $78.05 million.
• W.W. Grainger's latest earnings report showed earnings per share of $9.97, which missed analysts' expectations, while revenue grew 5.6% year-over-year.
• The company recently announced a quarterly dividend of $2.26 per share, with a dividend yield of 0.9% and a payout ratio of 22.94%.

Caisse DE Depot ET Placement DU Quebec lessened its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 79,015 shares of the industrial products company's stock after selling 755 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.16% of W.W. Grainger worth $78,053,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Checchi Capital Advisers LLC increased its stake 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 increased its stake in shares of 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 buying an additional 10 shares during the period. Hemington Wealth Management raised its holdings in W.W. Grainger by 0.9% in the first quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company's stock valued at $1,125,000 after acquiring an additional 10 shares in the last quarter. Crew Capital Management Ltd. lifted its stake in W.W. Grainger by 4.7% in the first quarter. Crew Capital Management Ltd. now owns 270 shares of the industrial products company's stock worth $267,000 after acquiring an additional 12 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake 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 acquiring an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

W.W. Grainger Stock Performance

Shares of GWW opened at $1,013.09 on Tuesday. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The firm has a market cap of $48.46 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 2.96 and a beta of 1.18. The company's 50 day simple moving average is $1,016.74 and its 200-day simple moving average is $1,020.06. W.W. Grainger, Inc. has a 12-month low of $893.99 and a 12-month 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 (EPS) for the quarter, missing analysts' consensus estimates of $10.07 by ($0.10). The business had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The business's revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, equities analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Monday, August 11th will be given a dividend of $2.26 per share. The ex-dividend date is 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%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GWW shares. Royal Bank Of Canada decreased their price target 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 note on Monday, August 4th. JPMorgan Chase & Co. lifted their price target on shares of W.W. Grainger from $1,100.00 to $1,125.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 27th. Morgan Stanley decreased their price target 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 note on Friday, July 11th. Finally, Loop Capital decreased their price target on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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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