Intech Investment Management LLC Has $2.79 Million Stock Holdings in W.W. Grainger, Inc. $GWW

Key Points

• Intech Investment Management LLC reduced its stake in W.W. Grainger by 20.7%, now holding 2,821 shares valued at approximately $2.79 million.
• The company's recent earnings report showed $9.97 EPS, missing estimates, but revenue increased by 5.6% year-over-year.
• Analysts have adjusted their target prices for W.W. Grainger, with the average price target now at $1,069.13, reflecting a cautious outlook on the stock.

Intech Investment Management LLC lessened its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 20.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,821 shares of the industrial products company's stock after selling 737 shares during the period. Intech Investment Management LLC's holdings in W.W. Grainger were worth $2,787,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of W.W. Grainger by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company's stock valued at $5,322,801,000 after acquiring an additional 57,690 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of W.W. Grainger by 10.1% during the first quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company's stock valued at $812,403,000 after acquiring an additional 75,644 shares during the period. GAMMA Investing LLC lifted its stake in shares of W.W. Grainger by 100,843.0% during the first quarter. GAMMA Investing LLC now owns 692,469 shares of the industrial products company's stock valued at $684,042,000 after acquiring an additional 691,783 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of W.W. Grainger by 6.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 584,854 shares of the industrial products company's stock valued at $616,465,000 after acquiring an additional 37,894 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of 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 valued at $410,975,000 after acquiring an additional 6,797 shares during the period. Institutional investors own 80.70% of the company's stock.

Analyst Ratings Changes

GWW has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating on the stock in a research note on Thursday, September 4th. Morgan Stanley cut their target price 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. Loop Capital cut their target price on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a research note on Monday, August 4th. Finally, Royal Bank Of Canada cut their target price on W.W. Grainger from $1,176.00 to $1,007.00 and set a "sector perform" rating on the stock 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 stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $1,069.13.

Insider Activity

In other news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger stock in a transaction on Tuesday, September 9th. The stock was 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 in the company, valued at approximately $1,758,355.06. This trade represents a 22.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.10% of the company's stock.

W.W. Grainger Stock Performance

Shares of GWW traded down $18.91 during mid-day trading on Tuesday, reaching $993.71. The company's stock had a trading volume of 402,985 shares, compared to its average volume of 297,884. W.W. Grainger, Inc. has a 1-year low of $893.99 and a 1-year high of $1,227.66. The stock has a market cap of $47.53 billion, a P/E ratio of 25.21, a PEG ratio of 2.94 and a beta of 1.18. The business has a 50-day simple moving average of $1,007.22 and a two-hundred day simple moving average of $1,018.71. 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 released 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). The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The business's quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, equities research analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders 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 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.