Comerica Bank Sells 1,620 Shares of W.W. Grainger, Inc. $GWW

Key Points

• Comerica Bank has reduced its stake in W.W. Grainger, Inc. by 8.7%, selling 1,620 shares during the first quarter, leaving it with a total of 16,918 shares worth approximately $16.7 million.
• W.W. Grainger reported quarterly earnings of $9.97 EPS, missing estimates by $0.10, while its revenue rose by 5.6% year-over-year.
• The firm declared a quarterly dividend of $2.26 per share with a yield of 0.9%, payable on September 1st, reflecting a 22.94% payout ratio.

Comerica Bank lessened its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 8.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,918 shares of the industrial products company's stock after selling 1,620 shares during the period. Comerica Bank's holdings in W.W. Grainger were worth $16,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Checchi Capital Advisers LLC grew its holdings in W.W. Grainger by 2.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company's stock worth $480,000 after acquiring an additional 10 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in shares of W.W. Grainger by 3.2% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company's stock valued at $319,000 after purchasing an additional 10 shares in the last quarter. Hemington Wealth Management grew its stake in W.W. Grainger by 0.9% during the first quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company's stock worth $1,125,000 after purchasing an additional 10 shares during the period. Crew Capital Management Ltd. increased its holdings 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 purchasing an additional 12 shares in 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 valued at $47,000 after buying an additional 12 shares during the period. Institutional investors and hedge funds own 80.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GWW. 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 on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. upped their price objective on shares of W.W. Grainger from $1,100.00 to $1,125.00 and gave the company a "neutral" rating in a report on Tuesday, May 27th. Loop Capital reduced their target price on 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. Finally, Morgan Stanley dropped their price target on 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $1,080.38.

W.W. Grainger Stock Down 0.9%

GWW stock opened at $1,013.09 on Tuesday. The firm has a market capitalization of $48.46 billion, a PE ratio of 25.71, a P/E/G ratio of 2.96 and a beta of 1.18. 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, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.66. The stock's 50 day moving average is $1,016.74 and its 200-day moving average is $1,020.06.

W.W. Grainger (NYSE:GWW - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 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 company had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same period in the previous year, the company posted $9.76 earnings per share. The company's quarterly revenue was up 5.6% compared to the same quarter last year. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Sell-side analysts expect 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 dividend 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%.

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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