DekaBank Deutsche Girozentrale Cuts Position in W.W. Grainger, Inc. $GWW

Key Points

• DekaBank Deutsche Girozentrale reduced its holdings in W.W. Grainger, Inc. by 0.7% during the second quarter, resulting in ownership of 128,721 shares valued at approximately $132 million.
• W.W. Grainger reported earnings per share (EPS) of $9.97 for the last quarter, missing the consensus estimate by $0.10, while also predicting a FY 2025 EPS guidance of $38.50-$40.25.
• The company's quarterly dividend was recently declared at $2.26, translating to an annualized dividend yield of 0.9% and a payout ratio of 22.94%.

DekaBank Deutsche Girozentrale cut its holdings in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,721 shares of the industrial products company's stock after selling 956 shares during the period. DekaBank Deutsche Girozentrale owned about 0.27% of W.W. Grainger worth $131,976,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new position in shares of W.W. Grainger in the first quarter valued at approximately $25,000. Hilltop National Bank bought a new position in shares of W.W. Grainger in the second quarter valued at approximately $25,000. Brown Lisle Cummings Inc. grew its holdings in shares of W.W. Grainger by 316.7% in the second quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 19 shares in the last quarter. Nova Wealth Management Inc. bought a new position in shares of W.W. Grainger in the first quarter valued at approximately $28,000. Finally, Grove Bank & Trust raised its position in W.W. Grainger by 52.6% in the second quarter. Grove Bank & Trust now owns 29 shares of the industrial products company's stock worth $30,000 after acquiring an additional 10 shares during the period. 80.70% of the stock is owned by institutional investors.

W.W. Grainger Stock Performance

NYSE GWW opened at $970.85 on Tuesday. The company's 50 day moving average is $982.66 and its 200-day moving average is $1,015.55. W.W. Grainger, Inc. has a 12-month low of $893.99 and a 12-month high of $1,227.66. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. The firm has a market cap of $46.44 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 2.78 and a beta of 1.17.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the firm earned $9.76 EPS. The business's revenue for the quarter 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. Sell-side analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

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

Wall Street Analyst Weigh In

GWW has been the topic of several research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of W.W. Grainger in a research report on Wednesday, October 8th. Royal Bank Of Canada lowered their price objective 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. Loop Capital lowered 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. Morgan Stanley lowered their price objective 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 research report on Friday, July 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $1,053.71.

Insider Activity

In other news, SVP Jonny M. Leroy sold 500 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $992.86, for a total value of $496,430.00. Following the sale, the senior vice president owned 1,771 shares of the company's stock, valued at $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.10% of the stock is currently owned by company insiders.

W.W. Grainger Company 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.

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