Woodline Partners LP Purchases 17,819 Shares of W.W. Grainger, Inc. $GWW

Key Points

• Woodline Partners LP increased its stake in W.W. Grainger, Inc. by 133.6%, acquiring an additional 17,819 shares, bringing its total holdings to 31,159 shares valued at $30.78 million.
• W.W. Grainger reported earnings of $9.97 per share for the last quarter, slightly missing analysts' expectations, although quarterly revenue rose by 5.6% year-over-year.
• Several analysts have revised their price targets for W.W. Grainger, with the average price target now set at $1,069.13 while the stock currently trades around $996.56.

Woodline Partners LP grew its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 133.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,159 shares of the industrial products company's stock after acquiring an additional 17,819 shares during the quarter. Woodline Partners LP owned 0.06% of W.W. Grainger worth $30,780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC lifted its position in shares of W.W. Grainger by 1,685.7% during the 1st quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company's stock worth $123,000 after buying an additional 118 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of W.W. Grainger by 5.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,095 shares of the industrial products company's stock worth $5,033,000 after buying an additional 256 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of W.W. Grainger by 116.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,917 shares of the industrial products company's stock worth $33,506,000 after buying an additional 18,216 shares during the period. GAMMA Investing LLC lifted its position in shares of W.W. Grainger by 2.2% during the 1st quarter. GAMMA Investing LLC now owns 701 shares of the industrial products company's stock worth $692,000 after buying an additional 15 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of W.W. Grainger by 8.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,970 shares of the industrial products company's stock worth $6,796,000 after buying an additional 564 shares during the period. Institutional investors own 80.70% of the company's stock.

W.W. Grainger Stock Down 0.1%

NYSE GWW opened at $996.56 on Wednesday. The stock has a fifty day moving average of $1,010.93 and a 200-day moving average of $1,018.85. The stock has a market capitalization of $47.67 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 2.89 and a beta of 1.18. W.W. Grainger, Inc. has a 52 week low of $893.99 and a 52 week high of $1,227.66. 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 (NYSE:GWW - Get Free Report) last released its 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 firm had revenue of $4.55 billion during the quarter, compared to analyst estimates 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 last year, the business posted $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, equities research analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

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

Analysts Set New Price Targets

GWW has been the subject of several research analyst reports. Morgan Stanley cut their price objective on 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. JPMorgan Chase & Co. cut their price objective 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, September 4th. Loop Capital cut their price objective on 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. Finally, Royal Bank Of Canada cut 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 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 issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $1,069.13.

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.

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