The Manufacturers Life Insurance Company Has $25.68 Million Position in W.W. Grainger, Inc. $GWW

Key Points

• The Manufacturers Life Insurance Company has decreased its stock holdings in W.W. Grainger, Inc. by 2.7%, now owning 25,999 shares valued at approximately $25.68 million.
• Several institutional investors have made notable changes to their positions in W.W. Grainger, with Vanguard Group Inc. increasing its stake by 1.1% and JPMorgan Chase & Co. raising its stake by 10.1% during the first quarter.
• W.W. Grainger reported quarterly earnings of $9.97 EPS, slightly missing estimates, and set its FY 2025 guidance between 38.500 and 40.250 EPS, indicating expected growth in earnings.

The Manufacturers Life Insurance Company cut its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,999 shares of the industrial products company's stock after selling 719 shares during the period. The Manufacturers Life Insurance Company owned 0.05% of W.W. Grainger worth $25,683,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC boosted its stake in 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 buying an additional 10 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in W.W. Grainger by 3.2% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company's stock valued at $319,000 after acquiring an additional 10 shares during the last quarter. Hemington Wealth Management boosted its position in shares of W.W. Grainger by 0.9% during the 1st 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 in the last quarter. Crew Capital Management Ltd. raised its holdings in shares of W.W. Grainger by 4.7% in the 1st 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 raised its holdings in shares of W.W. Grainger by 34.3% in the 1st 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. 80.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GWW shares. Loop Capital decreased their price target on shares of 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. Morgan Stanley cut their target price on W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating on the stock in a research report on Friday, July 11th. JPMorgan Chase & Co. decreased their price target on W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, Royal Bank Of Canada reduced their price objective 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 note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, W.W. Grainger has an average rating of "Hold" and an average price target of $1,069.13.

W.W. Grainger Stock Down 3.4%

Shares of GWW traded down $34.44 during trading hours on Friday, reaching $993.59. The company's stock had a trading volume of 416,031 shares, compared to its average volume of 290,371. The firm has a market cap of $47.52 billion, a price-to-earnings ratio of 25.21, a P/E/G ratio of 2.96 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 quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average of $1,013.58 and a two-hundred day moving average of $1,019.34.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 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 analyst estimates 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 for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, research analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

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

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.