Carderock Capital Management Inc. Grows Stake in W.W. Grainger, Inc. $GWW

Key Points

• Carderock Capital Management Inc. increased its stake in W.W. Grainger, Inc. by 12.2% during Q1, now owning 5,327 shares valued at $5,262,000.
• W.W. Grainger's recent earnings report showed a miss in EPS expectations, reporting $9.97, compared to the consensus estimate of $10.07, while revenue increased by 5.6% year-over-year.
• Analyst ratings for W.W. Grainger have varied, with current consensus being a "Hold" and a target price average of $1,069.13, down from previous estimates.

Carderock Capital Management Inc. increased its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,327 shares of the industrial products company's stock after purchasing an additional 578 shares during the period. Carderock Capital Management Inc.'s holdings in W.W. Grainger were worth $5,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GWW. Indiana Trust & Investment Management Co raised its holdings in shares of W.W. Grainger by 3.7% during the first quarter. Indiana Trust & Investment Management Co now owns 560 shares of the industrial products company's stock valued at $553,000 after acquiring an additional 20 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of W.W. Grainger by 17.1% in the first quarter. Acadian Asset Management LLC now owns 206,593 shares of the industrial products company's stock worth $204,057,000 after acquiring an additional 30,208 shares during the last quarter. Schmidt P J Investment Management Inc. increased its position in shares of W.W. Grainger by 0.9% during the first quarter. Schmidt P J Investment Management Inc. now owns 5,301 shares of the industrial products company's stock worth $5,236,000 after purchasing an additional 48 shares in the last quarter. Focus Partners Wealth raised its stake in W.W. Grainger by 7.5% in the 1st quarter. Focus Partners Wealth now owns 15,989 shares of the industrial products company's stock valued at $15,795,000 after purchasing an additional 1,120 shares during the last quarter. Finally, Integrity Alliance LLC. raised its stake in W.W. Grainger by 64.6% in the 1st quarter. Integrity Alliance LLC. now owns 400 shares of the industrial products company's stock valued at $395,000 after purchasing an additional 157 shares during the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on GWW. Royal Bank Of Canada lowered their target price 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 note on Monday, August 4th. 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 on the stock in a research note on Friday, July 11th. JPMorgan Chase & Co. lowered their price target on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating on the stock in a research report on Thursday, September 4th. Finally, Loop Capital dropped their price objective 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 research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $1,069.13.

W.W. Grainger Stock Up 0.1%

NYSE GWW opened at $995.51 on Thursday. The business's fifty day simple moving average is $1,010.11 and its 200-day simple moving average is $1,018.69. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. The firm has a market cap of $47.62 billion, a PE ratio of 25.26, a P/E/G ratio of 2.89 and a beta of 1.18. W.W. Grainger, Inc. has a 52 week low of $893.99 and a 52 week high of $1,227.66.

W.W. Grainger (NYSE:GWW - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the previous year, the business posted $9.76 earnings per share. W.W. Grainger's revenue for the quarter 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. As a group, equities 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 declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were issued a dividend of $2.26 per share. The ex-dividend date 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 (DPR) is currently 22.94%.

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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