Lansforsakringar Fondforvaltning AB publ Trims Stock Position in W.W. Grainger, Inc. $GWW

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in W.W. Grainger, Inc. by 2.9%, selling 426 shares, and now holds 14,382 shares valued at approximately $14.2 million.
• W.W. Grainger reported earnings per share of $9.97, missing estimates by $0.10, with a revenue of $4.55 billion marking a 5.6% year-over-year growth.
• The company announced a quarterly dividend of $2.26 per share with a yield of 0.9%, payable on September 1st to investors who were on record by August 11th.

Lansforsakringar Fondforvaltning AB publ trimmed its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 2.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,382 shares of the industrial products company's stock after selling 426 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in W.W. Grainger were worth $14,207,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of GWW. N.E.W. Advisory Services LLC bought a new stake in W.W. Grainger during the first quarter worth $25,000. Investment Management Corp VA ADV bought a new stake in W.W. Grainger in the 4th quarter worth about $35,000. Cornerstone Planning Group LLC lifted its position in shares of W.W. Grainger by 34.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company's stock worth $47,000 after buying an additional 12 shares in the last quarter. Quarry LP purchased a new stake in shares of W.W. Grainger during the fourth quarter valued at approximately $54,000. Finally, Columbia River Financial Group LLC purchased a new position in W.W. Grainger in the first quarter worth $65,000. Institutional investors and hedge funds own 80.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GWW. Royal Bank Of Canada decreased their price objective 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. Loop Capital dropped their price objective on shares of 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. JPMorgan Chase & Co. lifted their target price on shares of W.W. Grainger from $1,100.00 to $1,125.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 27th. Finally, Morgan Stanley lowered 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $1,080.38.

W.W. Grainger Price Performance

Shares of GWW traded up $1.68 during mid-day trading on Tuesday, reaching $1,015.18. 376,357 shares of the stock traded hands, compared to its average volume of 290,057. 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, Inc. has a 1 year low of $893.99 and a 1 year high of $1,227.66. The company has a market cap of $48.56 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 2.94 and a beta of 1.18. The firm has a fifty day moving average price of $1,014.04 and a 200 day moving average price of $1,019.38.

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 (EPS) 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 for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the business posted $9.76 EPS. The business's revenue was up 5.6% compared to the same quarter last year. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, equities research analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were paid a dividend of $2.26 per share. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, August 11th. W.W. Grainger's dividend payout ratio is 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.