Interval Partners LP Acquires 63,515 Shares of W.W. Grainger, Inc. $GWW

Key Points

• Interval Partners LP significantly increased its stake in W.W. Grainger, acquiring an additional 63,515 shares, raising its total ownership to 67,957 shares, which now constitutes about 1.4% of their portfolio.
• W.W. Grainger reported $9.97 earnings per share for the latest quarter, slightly missing the expected $10.07, while its quarterly revenue exceeded projections with $4.55 billion.
• Analysts have lowered their price targets on W.W. Grainger, with JPMorgan's new target at $1,035.00 and the consensus rating now at "Hold."

Interval Partners LP boosted its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 1,429.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,957 shares of the industrial products company's stock after purchasing an additional 63,515 shares during the quarter. W.W. Grainger comprises about 1.4% of Interval Partners LP's investment portfolio, making the stock its 11th largest position. Interval Partners LP owned about 0.14% of W.W. Grainger worth $67,130,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GWW. GAMMA Investing LLC raised its stake in 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 purchasing an additional 691,783 shares in the last quarter. Nuveen LLC purchased a new stake in W.W. Grainger during the first quarter valued at $285,574,000. JPMorgan Chase & Co. raised its stake in 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 purchasing an additional 75,644 shares in the last quarter. Kodai Capital Management LP purchased a new stake in shares of W.W. Grainger in the first quarter valued at $67,601,000. Finally, Vanguard Group Inc. raised its stake in shares of W.W. Grainger by 1.1% in 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. Hedge funds and other institutional investors own 80.70% of the company's stock.

W.W. Grainger Trading Down 3.4%

GWW stock traded down $34.44 during trading on Friday, hitting $993.59. The company had a trading volume of 416,031 shares, compared to its average volume of 285,821. The firm has a market capitalization of $47.52 billion, a P/E ratio of 25.21, a PEG ratio of 2.88 and a beta of 1.18. 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 50 day simple moving average of $1,012.87 and a 200-day simple moving average of $1,019.08. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57.

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 EPS for the quarter, missing the consensus estimate of $10.07 by ($0.10). The company had revenue of $4.55 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the business earned $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Loop Capital dropped their price target on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a research note on Monday, August 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 for the company in a research note on Friday, July 11th. 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 for the company in a research note on Thursday. Finally, 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 for the company in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $1,069.13.

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.