Jump Financial LLC Has $24.97 Million Stock Holdings in W.W. Grainger, Inc. $GWW

Key Points

• Jump Financial LLC significantly increased its stake in W.W. Grainger, Inc. by 1,700.5%, now owning 25,279 shares valued at approximately $24.97 million.
• W.W. Grainger reported earnings of $9.97 per share, missing estimates by $0.10, with revenue for the quarter at $4.55 billion, representing a 5.6% year-over-year increase.
• The company announced a quarterly dividend of $2.26 per share, with an annual yield of 0.9%, set to be paid on September 1st to shareholders of record.

Jump Financial LLC lifted its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 1,700.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,279 shares of the industrial products company's stock after buying an additional 23,875 shares during the period. Jump Financial LLC owned approximately 0.05% of W.W. Grainger worth $24,971,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GWW. Brighton Jones LLC raised its holdings in W.W. Grainger by 46.8% during the fourth 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. First Trust Advisors LP raised its holdings in W.W. Grainger by 134.6% during the fourth quarter. First Trust Advisors LP now owns 31,119 shares of the industrial products company's stock worth $32,801,000 after purchasing an additional 17,854 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in W.W. Grainger by 4.7% during the fourth quarter. OneDigital Investment Advisors LLC now owns 830 shares of the industrial products company's stock worth $875,000 after purchasing an additional 37 shares in the last quarter. Dark Forest Capital Management LP raised its holdings in W.W. Grainger by 5.9% during the fourth quarter. Dark Forest Capital Management LP now owns 759 shares of the industrial products company's stock worth $800,000 after purchasing an additional 42 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in W.W. Grainger by 78.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 111,073 shares of the industrial products company's stock worth $117,077,000 after purchasing an additional 48,889 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

W.W. Grainger Stock Performance

NYSE GWW traded down $2.12 on Thursday, hitting $1,014.93. The stock had a trading volume of 85,672 shares, compared to its average volume of 288,284. The company's 50-day moving average is $1,015.56 and its two-hundred day moving average is $1,019.99. The stock has a market cap of $48.55 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 2.94 and a beta of 1.18. W.W. Grainger, Inc. has a one year low of $893.99 and a one year 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.

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 earnings per share for the quarter, missing analysts' consensus estimates of $10.07 by ($0.10). W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period in the prior year, the company posted $9.76 earnings per share. The company's 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. On average, analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Monday, August 11th will be issued a dividend of $2.26 per share. The ex-dividend date is Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. W.W. Grainger's payout ratio is currently 22.94%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GWW. Royal Bank Of Canada cut 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. Morgan Stanley decreased their price objective on W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating on the stock in a report on Friday, July 11th. Loop Capital decreased their price objective on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of W.W. Grainger from $1,100.00 to $1,125.00 and gave the company a "neutral" rating in a report on Tuesday, May 27th. 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $1,080.38.

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.