Cresset Asset Management LLC Has $9.52 Million Stock Position in W.W. Grainger, Inc. $GWW

Key Points

• Cresset Asset Management LLC reduced its stake in W.W. Grainger, Inc. by 3.2%, selling 317 shares during the first quarter, leaving them with a total of 9,639 shares valued at approximately $9.52 million.
• Vanguard Group, JPMorgan Chase, and GAMMA Investing have all significantly increased their holdings in W.W. Grainger, indicating strong institutional support, with 80.70% of the stock now owned by institutional investors.
• In recent earnings, W.W. Grainger reported $9.97 EPS, falling short of the $10.07 consensus estimate, but achieved 5.6% revenue growth year-over-year.

Cresset Asset Management LLC trimmed its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 3.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,639 shares of the industrial products company's stock after selling 317 shares during the period. Cresset Asset Management LLC's holdings in W.W. Grainger were worth $9,522,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in W.W. Grainger by 9.5% during the first quarter. American Century Companies Inc. now owns 66,454 shares of the industrial products company's stock worth $65,645,000 after buying an additional 5,743 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in W.W. Grainger by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 416,086 shares of the industrial products company's stock worth $410,975,000 after buying an additional 6,797 shares in the last quarter. Horizon Investments LLC boosted its stake in W.W. Grainger by 10.2% during the first quarter. Horizon Investments LLC now owns 1,994 shares of the industrial products company's stock worth $1,965,000 after buying an additional 185 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in W.W. Grainger by 26.7% in the first quarter. Kovitz Investment Group Partners LLC now owns 1,367 shares of the industrial products company's stock worth $1,350,000 after purchasing an additional 288 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its position in W.W. Grainger by 102.5% in the first quarter. Vestmark Advisory Solutions Inc. now owns 1,148 shares of the industrial products company's stock worth $1,134,000 after purchasing an additional 581 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GWW has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on shares of 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. 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 report on Monday, August 4th. Morgan Stanley lowered their price target on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating for the company in a report on Friday, July 11th. Finally, Royal Bank Of Canada lowered 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. One investment 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $1,080.38.

W.W. Grainger Stock Up 2.7%

NYSE:GWW traded up $26.5310 on Friday, hitting $1,020.6010. 236,560 shares of the company's stock were exchanged, compared to its average volume of 288,664. The firm has a 50-day moving average price of $1,018.75 and a 200-day moving average price of $1,020.69. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64. W.W. Grainger, Inc. has a 52 week low of $893.99 and a 52 week high of $1,227.66. The company has a market cap of $48.82 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing the consensus estimate of $10.07 by ($0.10). The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The company's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The company 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 dividend of $2.26 per share. The ex-dividend date is Monday, August 11th. This represents a $9.04 annualized dividend and a dividend yield of 0.9%. W.W. Grainger's 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.