Financiere des Professionnels Fonds d investissement inc. Invests $1.65 Million in W.W. Grainger, Inc. $GWW

Key Points

• Financiere des Professionnels Fonds d'investissement inc. has acquired 1,583 shares of W.W. Grainger, Inc., valued at approximately $1,647,000, marking a new institutional investment in the company.
• W.W. Grainger reported a quarterly earnings per share (EPS) of $9.97, which was below analyst expectations, but achieved revenue of $4.55 billion, slightly surpassing forecasts.
• The company has declared a quarterly dividend of $2.26 per share with a 0.9% yield, indicating a strong commitment to returning value to shareholders.

Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 1,583 shares of the industrial products company's stock, valued at approximately $1,647,000.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC boosted its position in shares of W.W. Grainger by 46.8% during the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company's stock worth $338,000 after purchasing an additional 102 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of W.W. Grainger by 185.3% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 2,277 shares of the industrial products company's stock worth $2,400,000 after purchasing an additional 1,479 shares in the last quarter. Snowden Capital Advisors LLC boosted its position in shares of W.W. Grainger by 7.5% during the 4th quarter. Snowden Capital Advisors LLC now owns 688 shares of the industrial products company's stock worth $725,000 after purchasing an additional 48 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in shares of W.W. Grainger during the 4th quarter worth about $2,253,000. Finally, Worldquant Millennium Advisors LLC boosted its position in shares of W.W. Grainger by 29.3% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 55,967 shares of the industrial products company's stock worth $58,992,000 after purchasing an additional 12,684 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating on the stock in a research report on Thursday, September 4th. Morgan Stanley dropped their price target 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. Royal Bank Of Canada dropped their price target 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. Finally, Loop Capital dropped their price target 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. 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 issued a Sell rating to the company's stock. According to MarketBeat.com, W.W. Grainger currently has an average rating of "Hold" and an average target price of $1,069.13.

Insider Buying and Selling at W.W. Grainger

In other news, SVP Jonny M. Leroy sold 500 shares of the company's stock in a transaction 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 transaction, the senior vice president owned 1,771 shares of the company's stock, valued at approximately $1,758,355.06. This represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.10% of the company's stock.

W.W. Grainger Stock Performance

W.W. Grainger stock traded down $16.90 during mid-day trading on Friday, reaching $988.33. The company's stock had a trading volume of 488,410 shares, compared to its average volume of 293,053. 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 market capitalization of $47.27 billion, a P/E ratio of 25.08, a PEG ratio of 2.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. The firm's fifty day moving average price is $1,004.02 and its two-hundred day moving average price is $1,018.85.

W.W. Grainger (NYSE:GWW - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 earnings per share 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 during the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter in the prior year, the firm posted $9.76 earnings per share. The firm'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. Sell-side analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were issued 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 dividend payout ratio is presently 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.