Campbell & CO Investment Adviser LLC Reduces Stake in W.W. Grainger, Inc. $GWW

Key Points

• Campbell & CO Investment Adviser LLC reduced its holdings in W.W. Grainger by 47.2%, selling 3,634 shares and leaving them with 4,069 shares valued at approximately $4 million.
• In the first quarter, several institutional investors significantly increased their stakes in W.W. Grainger, with GAMMA Investing LLC growing its stake by 100,843.0% to over 692,000 shares.
• W.W. Grainger reported earnings per share of $9.97 for the last quarter, missing estimates, while the company declared a quarterly dividend of $2.26 per share, reflecting an annual yield of 0.9%.

Campbell & CO Investment Adviser LLC lowered its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 47.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,069 shares of the industrial products company's stock after selling 3,634 shares during the period. Campbell & CO Investment Adviser LLC's holdings in W.W. Grainger were worth $4,019,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GWW. GAMMA Investing LLC boosted its stake in W.W. Grainger by 100,843.0% during the first quarter. GAMMA Investing LLC now owns 692,469 shares of the industrial products company's stock worth $684,042,000 after buying an additional 691,783 shares during the last quarter. Nuveen LLC purchased a new stake in shares of W.W. Grainger in the 1st quarter valued at $285,574,000. Northern Trust Corp raised its holdings in shares of 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 valued at $718,769,000 after buying an additional 84,595 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of 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 valued at $812,403,000 after buying an additional 75,644 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of 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 valued at $5,322,801,000 after buying an additional 57,690 shares during the period. Institutional investors and hedge funds own 80.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GWW. Loop Capital cut their price objective 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. JPMorgan Chase & Co. boosted their target price on 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. Royal Bank Of Canada lowered 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 research note on Monday, August 4th. Finally, Morgan Stanley lowered 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 note on Friday, July 11th. One 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $1,080.38.

W.W. Grainger Stock Performance

GWW traded up $5.12 on Wednesday, hitting $1,017.08. 229,886 shares of the company traded hands, compared to its average volume of 365,836. The stock has a market capitalization of $48.65 billion, a PE ratio of 25.81, a PEG ratio of 2.94 and a beta of 1.18. The company has a 50 day moving average of $1,016.08 and a 200-day moving average of $1,020.01. 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 quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued 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 quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company posted $9.76 earnings per share. 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 earnings per share for the current year.

W.W. Grainger Announces Dividend

The company also recently disclosed 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 annualized dividend 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 presently 22.94%.

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.