Stoneridge Investment Partners LLC Purchases Shares of 1,053 W.W. Grainger, Inc. $GWW

Key Points

• Stoneridge Investment Partners LLC acquired a new stake in W.W. Grainger, Inc. by purchasing 1,053 shares valued at approximately $1,040,000.
• W.W. Grainger recently reported quarterly earnings of $9.97 EPS, missing estimates of $10.07, but showed a 5.6% revenue increase year-over-year.
• The company declared a quarterly dividend of $2.26 per share, to be paid on September 1st, with a current annualized yield of 0.9%.

Stoneridge Investment Partners LLC purchased a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,053 shares of the industrial products company's stock, valued at approximately $1,040,000.

Several other large investors have also added to or reduced their stakes in GWW. Checchi Capital Advisers LLC raised its stake in W.W. Grainger by 2.1% in the first quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company's stock valued at $480,000 after buying an additional 10 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its position in shares of W.W. Grainger by 3.2% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company's stock worth $319,000 after purchasing an additional 10 shares in the last quarter. Hemington Wealth Management increased its position in shares of W.W. Grainger by 0.9% during the first quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company's stock worth $1,125,000 after purchasing an additional 10 shares in the last quarter. Crew Capital Management Ltd. increased its position in shares of W.W. Grainger by 4.7% during the first quarter. Crew Capital Management Ltd. now owns 270 shares of the industrial products company's stock worth $267,000 after purchasing an additional 12 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its position in shares of W.W. Grainger by 34.3% during 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. Hedge funds and other institutional investors own 80.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GWW. Loop Capital cut their target price on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a research report on Monday, August 4th. Royal Bank Of Canada lowered their price objective on W.W. Grainger from $1,176.00 to $1,007.00 and set a "sector perform" rating on the stock in a report on Monday, August 4th. JPMorgan Chase & Co. lifted their price target on shares of W.W. Grainger from $1,100.00 to $1,125.00 and gave the company a "neutral" rating in a research report on Tuesday, May 27th. Finally, Morgan Stanley reduced their price target on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating for the company in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, W.W. Grainger has an average rating of "Hold" and a consensus price target of $1,080.38.

W.W. Grainger Stock Up 2.7%

Shares of W.W. Grainger stock traded up $26.5310 during trading hours on Friday, hitting $1,020.6010. 333,372 shares of the company's stock traded hands, compared to its average volume of 348,754. The stock has a 50 day simple moving average of $1,017.89 and a 200-day simple moving average of $1,020.54. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. The company has a market cap of $48.82 billion, a PE ratio of 25.90, a PEG ratio of 2.89 and a beta of 1.18. 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 announced its earnings results 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). 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 analyst estimates of $4.52 billion. During the same quarter in the prior year, the business earned $9.76 earnings per share. The firm's revenue was up 5.6% on a year-over-year basis. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Monday, August 11th will be issued 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 is Monday, August 11th. W.W. Grainger's 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.