Caxton Associates LLP purchased a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,454 shares of the industrial products company's stock, valued at approximately $1,436,000.
Other large investors have also bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new position in shares of W.W. Grainger during the first quarter valued at approximately $25,000. Investment Management Corp VA ADV bought a new position in shares of W.W. Grainger during the fourth quarter worth $35,000. Itau Unibanco Holding S.A. bought a new position in shares of W.W. Grainger during the first quarter worth $46,000. Cornerstone Planning Group LLC lifted its position in W.W. Grainger by 34.3% during the first quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 12 shares during the last quarter. Finally, Columbia River Financial Group LLC bought a new position in W.W. Grainger during the first quarter valued at $65,000. 80.70% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on GWW. Royal Bank Of Canada reduced 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. JPMorgan Chase & Co. dropped their target price on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating on the stock in a report on Thursday, September 4th. Morgan Stanley dropped their target price 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. Finally, Loop Capital cut their price objective on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, W.W. Grainger currently has an average rating of "Hold" and a consensus target price of $1,069.13.
View Our Latest Report on W.W. Grainger
W.W. Grainger Price Performance
Shares of NYSE GWW opened at $996.56 on Wednesday. The firm has a market cap of $47.67 billion, a PE ratio of 25.29, a PEG ratio of 2.89 and a beta of 1.18. The firm has a fifty day moving average of $1,010.93 and a 200 day moving average of $1,018.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. W.W. Grainger, Inc. has a one year low of $893.99 and a one year high of $1,227.66.
W.W. Grainger (NYSE:GWW - Get Free Report) last released 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%.W.W. Grainger's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, research analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.
W.W. Grainger Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were paid a dividend of $2.26 per share. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, August 11th. W.W. Grainger's dividend payout ratio is presently 22.94%.
W.W. Grainger Profile
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Free Report)
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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