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Korea Investment CORP Increases Stake in W.W. Grainger, Inc. $GWW

W.W. Grainger logo with Industrials background

Key Points

  • Korea Investment CORP increased its stake in W.W. Grainger, Inc. by 6.2%, owning a total of 37,730 shares worth approximately $37.27 million by the end of the last quarter.
  • W.W. Grainger's recent earnings report revealed a miss on EPS estimates, with a reported $9.97 compared to the consensus estimate of $10.07, although revenue increased by 5.6% year-over-year.
  • The company announced a quarterly dividend of $2.26 per share scheduled for distribution on September 1st, representing an annualized dividend yield of 0.9%.
  • Looking to export and analyze W.W. Grainger data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Korea Investment CORP raised its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 6.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,730 shares of the industrial products company's stock after acquiring an additional 2,188 shares during the quarter. Korea Investment CORP owned approximately 0.08% of W.W. Grainger worth $37,271,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in W.W. Grainger by 46.8% in the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company's stock valued at $338,000 after purchasing an additional 102 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of W.W. Grainger in the fourth quarter valued at about $6,083,000. GeoWealth Management LLC lifted its stake in shares of W.W. Grainger by 28.1% in the fourth quarter. GeoWealth Management LLC now owns 451 shares of the industrial products company's stock worth $475,000 after buying an additional 99 shares in the last quarter. First Trust Advisors LP boosted its position 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 acquiring an additional 17,854 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in W.W. Grainger by 7.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 8,612 shares of the industrial products company's stock worth $9,079,000 after acquiring an additional 603 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Trading Up 2.7%

Shares of NYSE GWW traded up $26.5310 during midday trading on Friday, reaching $1,020.6010. 333,372 shares of the stock were exchanged, compared to its average volume of 348,754. The stock has a market capitalization of $48.82 billion, a P/E ratio of 25.90, a PEG ratio of 2.97 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 company has a 50 day simple moving average of $1,017.89 and a 200 day simple moving average of $1,020.39. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.66.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 earnings per share for the quarter, missing the consensus estimate of $10.07 by ($0.10). The business 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 revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, equities 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 given a dividend of $2.26 per share. This represents a $9.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, August 11th. W.W. Grainger's dividend payout ratio (DPR) is currently 22.94%.

Analysts Set New Price Targets

GWW has been the topic of a number of research reports. Loop Capital decreased their target price on shares of 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. Royal Bank Of Canada cut their price target on 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. JPMorgan Chase & Co. lifted their price objective on W.W. Grainger from $1,100.00 to $1,125.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 27th. Finally, Morgan Stanley lowered 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 research note on Friday, July 11th. One equities research 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 given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $1,080.38.

Read Our Latest Research Report on GWW

About W.W. Grainger

(Free Report)

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.

See Also

Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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