PDT Partners LLC Decreases Position in W.W. Grainger, Inc. $GWW

Key Points

• PDT Partners LLC has significantly reduced its stake in W.W. Grainger, Inc. by 73.5%, now holding only 517 shares worth approximately $511,000.
• W.W. Grainger's stock recently opened at $1,027.24 and has seen a 12-month low of $893.99 and a high of $1,227.66, with a market capitalization of $49.13 billion.
• Despite reporting a miss on earnings per share for the latest quarter, W.W. Grainger's revenue of $4.55 billion exceeded analysts' expectations, and the company has set its full-year 2025 guidance at 38.500-40.250 EPS.

PDT Partners LLC cut its holdings in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 73.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 517 shares of the industrial products company's stock after selling 1,433 shares during the period. PDT Partners LLC's holdings in W.W. Grainger were worth $511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its holdings in W.W. Grainger by 1,685.7% in the 1st quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company's stock worth $123,000 after buying an additional 118 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in W.W. Grainger by 5.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,095 shares of the industrial products company's stock worth $5,033,000 after buying an additional 256 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in W.W. Grainger by 116.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,917 shares of the industrial products company's stock worth $33,506,000 after buying an additional 18,216 shares during the period. GAMMA Investing LLC lifted its stake in W.W. Grainger by 2.2% in the 1st quarter. GAMMA Investing LLC now owns 701 shares of the industrial products company's stock worth $692,000 after purchasing an additional 15 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in W.W. Grainger by 8.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,970 shares of the industrial products company's stock worth $6,796,000 after purchasing an additional 564 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on GWW. Morgan Stanley lowered their target price 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 note on Friday, July 11th. JPMorgan Chase & Co. lowered their target price on shares of 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. Royal Bank Of Canada lowered their target price on shares of 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. Finally, Loop Capital lowered 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, W.W. Grainger currently has a consensus rating of "Hold" and a consensus price target of $1,069.13.

W.W. Grainger Price Performance

Shares of W.W. Grainger stock traded down $9.69 on Wednesday, hitting $985.16. 37,278 shares of the company traded hands, compared to its average volume of 288,303. The firm's 50-day simple moving average is $1,010.93 and its 200 day simple moving average is $1,018.85. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The company has a market cap of $47.12 billion, a P/E ratio of 25.04, a P/E/G ratio of 2.89 and a beta of 1.18. W.W. Grainger, Inc. has a 12-month low of $893.99 and a 12-month high of $1,227.66.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted 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 company had revenue of $4.55 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

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