Wellington Management Group LLP Purchases 393 Shares of W.W. Grainger, Inc. $GWW

Key Points

• Wellington Management Group LLP increased its stake in W.W. Grainger, Inc. by 9.9%, owning 4,368 shares worth $4.31 million after acquiring an additional 393 shares in Q1.
• W.W. Grainger reported earnings per share (EPS) of $9.97 for the recent quarter, slightly missing estimates, while their revenue increased by 5.6% year-over-year to $4.55 billion.
• The company announced a quarterly dividend of $2.26 per share, representing an annualized yield of 0.9%, with the ex-dividend date set for August 11th.

Wellington Management Group LLP increased its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 9.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,368 shares of the industrial products company's stock after purchasing an additional 393 shares during the quarter. Wellington Management Group LLP's holdings in W.W. Grainger were worth $4,315,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GWW. N.E.W. Advisory Services LLC acquired a new stake in shares of W.W. Grainger during the first quarter worth $25,000. Investment Management Corp VA ADV bought a new position in W.W. Grainger during the 4th quarter worth about $35,000. Cornerstone Planning Group LLC raised its stake 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 valued at $47,000 after purchasing an additional 12 shares during the period. Quarry LP bought a new stake in shares of W.W. Grainger in the fourth quarter valued at about $54,000. Finally, Columbia River Financial Group LLC acquired a new position in shares of W.W. Grainger during the first quarter worth about $65,000. Institutional investors own 80.70% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GWW. JPMorgan Chase & Co. dropped their target price 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. Morgan Stanley decreased 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 note on Friday, July 11th. Royal Bank Of Canada cut their price objective on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a "sector perform" rating on the stock in a research report on Monday, August 4th. Finally, Loop Capital decreased their target price on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, W.W. Grainger presently has an average rating of "Hold" and a consensus price target of $1,069.13.

W.W. Grainger Stock Performance

NYSE:GWW traded up $0.85 on Thursday, hitting $1,019.59. The company's stock had a trading volume of 26,268 shares, compared to its average volume of 288,174. W.W. Grainger, Inc. has a one year low of $893.99 and a one year high of $1,227.66. The firm has a market capitalization of $48.77 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 2.94 and a beta of 1.18. The stock has a fifty day moving average of $1,013.36 and a two-hundred day moving average of $1,019.34. 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 posted its earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share for the quarter, missing analysts' consensus estimates of $10.07 by ($0.10). W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same period in the previous year, the firm posted $9.76 earnings per share. The firm's 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. Research analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were given a $2.26 dividend. 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 dividend payout ratio is presently 22.94%.

W.W. Grainger Company 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.