Sumitomo Mitsui Financial Group Inc. Has $18.46 Million Holdings in W.W. Grainger, Inc. $GWW

Key Points

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Sumitomo Mitsui Financial Group Inc. boosted its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 10.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,682 shares of the industrial products company's stock after acquiring an additional 1,839 shares during the quarter. Sumitomo Mitsui Financial Group Inc.'s holdings in W.W. Grainger were worth $18,455,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in GWW. Checchi Capital Advisers LLC increased its holdings in shares of W.W. Grainger by 2.1% during the first quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company's stock valued at $480,000 after purchasing an additional 10 shares during the period. Cary Street Partners Investment Advisory LLC increased its holdings 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 valued at $319,000 after purchasing an additional 10 shares during the period. Hemington Wealth Management increased its holdings 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 valued at $1,125,000 after purchasing an additional 10 shares during the period. Crew Capital Management Ltd. increased its holdings 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 valued at $267,000 after purchasing an additional 12 shares during the period. Finally, Cornerstone Planning Group LLC increased its holdings 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 valued at $47,000 after purchasing an additional 12 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Price Performance

GWW stock traded up $26.5310 during trading hours on Friday, hitting $1,020.6010. 333,372 shares of the 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. W.W. Grainger, Inc. has a one year low of $893.99 and a one year high of $1,227.66. The company has a market cap of $48.82 billion, a P/E ratio of 25.90, a P/E/G ratio of 2.89 and a beta of 1.18. 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 (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 firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the prior year, the business earned $9.76 EPS. The company's quarterly 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. Equities analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Monday, August 11th will be given a $2.26 dividend. The ex-dividend date is Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. W.W. Grainger's dividend payout ratio (DPR) is 22.94%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GWW shares. Royal Bank Of Canada lowered their price target 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. Morgan Stanley lowered their price target on 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. JPMorgan Chase & Co. raised their target price on W.W. Grainger from $1,100.00 to $1,125.00 and gave the company a "neutral" rating in a research note on Tuesday, May 27th. Finally, Loop Capital decreased their target price on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, W.W. Grainger currently has a consensus rating of "Hold" and a consensus price target of $1,080.38.

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.