W.W. Grainger, Inc. $GWW Shares Sold by Credit Agricole S A

Key Points

• Credit Agricole S A has reduced its stake in W.W. Grainger, Inc. by 10.0%, now holding shares valued at $16.31 million after selling 1,832 shares during the first quarter.
• Analysts have varied ratings on W.W. Grainger, with recent price targets ranging from $950.00 to $1,215.00, and a consensus average rating of "Hold".
• W.W. Grainger recently announced a quarterly dividend of $2.26 per share, delivering a 0.9% yield and reflecting a payout ratio of 22.94%.

Credit Agricole S A trimmed its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 10.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,511 shares of the industrial products company's stock after selling 1,832 shares during the quarter. Credit Agricole S A's holdings in W.W. Grainger were worth $16,310,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new stake in shares of W.W. Grainger in the 1st quarter worth $25,000. Investment Management Corp VA ADV purchased a new stake in shares of W.W. Grainger in the 4th quarter worth $35,000. Cornerstone Planning Group LLC lifted its holdings in shares of W.W. Grainger by 34.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company's stock worth $47,000 after buying an additional 12 shares during the period. Quarry LP purchased a new stake in shares of W.W. Grainger in the 4th quarter worth $54,000. Finally, Columbia River Financial Group LLC purchased a new stake in shares of W.W. Grainger in the 1st quarter worth $65,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GWW shares. Loop Capital lowered their target price on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a report on Monday, August 4th. Morgan Stanley reduced their price target on W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating for the company in a research report on Friday, July 11th. JPMorgan Chase & Co. boosted their price target on W.W. Grainger from $1,100.00 to $1,125.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 27th. Finally, Royal Bank Of Canada reduced their price target on W.W. Grainger from $1,176.00 to $1,007.00 and set a "sector perform" rating for the company in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $1,080.38.

W.W. Grainger Stock Up 2.7%

Shares of GWW traded up $26.5310 during trading hours on Friday, hitting $1,020.6010. The company had a trading volume of 333,372 shares, compared to its average volume of 348,754. The company's fifty day moving average price is $1,017.89 and its two-hundred day moving average price is $1,020.39. W.W. Grainger, Inc. has a one year low of $893.99 and a one year high of $1,227.66. The company has a market capitalization of $48.82 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 2.97 and a beta of 1.18. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57.

W.W. Grainger (NYSE:GWW - Get Free Report) last announced its earnings results 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 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 period in the prior year, the company earned $9.76 earnings per share. The company's quarterly revenue 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 forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently announced 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 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 is currently 22.94%.

W.W. Grainger 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.