Corebridge Financial Inc. Sells 442 Shares of W.W. Grainger, Inc. $GWW

Key Points

• Corebridge Financial Inc. reduced its shares in W.W. Grainger, Inc. by 3.8%, selling 442 shares and retaining 11,218 shares valued at approximately $11 million.
• W.W. Grainger reported earnings per share of $9.97 for the latest quarter, missing estimates by $0.10, but revenue grew 5.6% year-over-year.
• The company's quarterly dividend of $2.26, payable on September 1, reflects an annualized yield of 0.9% and a payout ratio of 22.94%.

Corebridge Financial Inc. reduced its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,218 shares of the industrial products company's stock after selling 442 shares during the quarter. Corebridge Financial Inc.'s holdings in W.W. Grainger were worth $11,081,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new position in W.W. Grainger in the first quarter valued at $25,000. Investment Management Corp VA ADV acquired a new position in shares of W.W. Grainger in the 4th quarter valued at about $35,000. Cornerstone Planning Group LLC boosted its position in shares of W.W. Grainger by 34.3% during the 1st 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 in the last quarter. Quarry LP acquired a new stake in W.W. Grainger during the fourth quarter worth approximately $54,000. Finally, Columbia River Financial Group LLC acquired a new stake in W.W. Grainger during the first quarter worth approximately $65,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Stock Performance

Shares of GWW stock opened at $1,012.61 on Wednesday. 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 fifty day simple moving average of $1,016.08 and a two-hundred day simple 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 firm has a market capitalization of $48.43 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 2.94 and a beta of 1.18.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued its quarterly earnings data 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). W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the prior year, the business earned $9.76 earnings per share. The firm'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. Analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Monday, August 11th will be paid a $2.26 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $9.04 annualized dividend and a dividend yield of 0.9%. W.W. Grainger's dividend payout ratio is 22.94%.

Analyst Ratings Changes

Several equities analysts have issued reports on GWW shares. 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. JPMorgan Chase & Co. boosted their target price on shares of W.W. Grainger from $1,100.00 to $1,125.00 and gave the company a "neutral" rating in a research report on Tuesday, May 27th. Royal Bank Of Canada reduced 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 report on Monday, August 4th. 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 equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, W.W. Grainger presently has a consensus rating of "Hold" and a consensus price target 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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