Rafferty Asset Management LLC reduced its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 20.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,309 shares of the industrial products company's stock after selling 837 shares during the quarter. Rafferty Asset Management LLC's holdings in W.W. Grainger were worth $3,269,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new stake in W.W. Grainger in the first quarter worth approximately $25,000. Investment Management Corp VA ADV bought a new stake in W.W. Grainger in the fourth quarter worth approximately $35,000. Cornerstone Planning Group LLC increased its holdings in 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 worth $47,000 after purchasing an additional 12 shares in the last quarter. Quarry LP bought a new stake in W.W. Grainger in the fourth quarter worth approximately $54,000. Finally, Columbia River Financial Group LLC bought a new stake in W.W. Grainger in the first quarter worth approximately $65,000. 80.70% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have weighed in on GWW. Loop Capital lowered their target price on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a report on Monday, August 4th. JPMorgan Chase & Co. lifted their target price on W.W. Grainger from $1,100.00 to $1,125.00 and gave the stock a "neutral" rating in a report on Tuesday, May 27th. Morgan Stanley lowered their target price on W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating for the company in a report on Friday, July 11th. Finally, Royal Bank Of Canada decreased their price objective 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. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $1,080.38.
View Our Latest Research Report on GWW
W.W. Grainger Stock Up 0.2%
Shares of NYSE GWW traded up $1.68 during midday trading on Tuesday, hitting $1,015.18. 376,357 shares of the stock traded hands, compared to its average volume of 290,057. The company has a market cap of $48.56 billion, a PE ratio of 25.76, a P/E/G ratio of 2.94 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. W.W. Grainger, Inc. has a one year low of $893.99 and a one year high of $1,227.66. The business has a 50 day moving average price of $1,014.04 and a two-hundred day moving average price of $1,019.38.
W.W. Grainger (NYSE:GWW - Get Free Report) last announced its earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share (EPS) 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 firm's quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, equities analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.
W.W. Grainger Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were given a dividend of $2.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $9.04 annualized dividend and a dividend yield of 0.9%. W.W. Grainger's payout ratio is presently 22.94%.
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.
Featured Stories
Before you consider W.W. Grainger, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and W.W. Grainger wasn't on the list.
While W.W. Grainger currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
