Pensionfund Sabic Sells 300 Shares of W.W. Grainger, Inc. $GWW

Key Points

• Pensionfund Sabic has reduced its stake in W.W. Grainger, Inc. by 19.4%, selling 300 shares in the first quarter, leaving them with 1,250 shares valued at approximately $1,235,000.
• W.W. Grainger reported $9.97 EPS for the last quarter, missing estimates, and had a 5.6% year-over-year revenue increase to $4.55 billion.
• The company recently announced a quarterly dividend of $2.26 per share, reflecting an annualized yield of 0.9% and maintaining a payout ratio of 22.94%.

Pensionfund Sabic lessened its holdings in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 19.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,250 shares of the industrial products company's stock after selling 300 shares during the period. Pensionfund Sabic's holdings in W.W. Grainger were worth $1,235,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new position in shares of W.W. Grainger in the first quarter worth about $25,000. Nova Wealth Management Inc. bought a new stake in W.W. Grainger during the 1st quarter valued at $28,000. Investment Management Corp VA ADV purchased a new stake in shares of W.W. Grainger during the fourth quarter worth $35,000. Itau Unibanco Holding S.A. bought a new position in shares of W.W. Grainger in the first quarter worth $46,000. Finally, Cornerstone Planning Group LLC grew its position in shares of W.W. Grainger by 34.3% in the first quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 12 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $992.86, for a total value of $496,430.00. Following the completion of the sale, the senior vice president owned 1,771 shares in the company, valued at $1,758,355.06. The trade was a 22.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 6.10% of the company's stock.

W.W. Grainger Price Performance

GWW stock traded down $18.91 during midday trading on Tuesday, reaching $993.71. The company had a trading volume of 402,985 shares, compared to its average volume of 297,884. The firm has a 50-day moving average price of $1,007.22 and a 200-day moving average price of $1,018.71. The company has a market capitalization of $47.53 billion, a P/E ratio of 25.21, a P/E/G ratio of 2.94 and a beta of 1.18. 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 debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64.

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 (EPS) for the quarter, missing analysts' consensus estimates of $10.07 by ($0.10). The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The business's revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, research analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating on the stock in a research report on Thursday, September 4th. Morgan Stanley decreased 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 report on Friday, July 11th. 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. Finally, Royal Bank Of Canada reduced 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 report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $1,069.13.

About W.W. Grainger

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.