SRB Corp Cuts Holdings in W.W. Grainger, Inc. $GWW

Key Points

• SRB Corp has trimmed its position in W.W. Grainger, Inc. by 1.7%, making the stock its 8th largest holding, currently worth approximately $69.9 million.
• W.W. Grainger recently reported earnings of $9.97 per share, which missed analysts' expectations, although the company’s revenue for the quarter increased 5.6% year-over-year.
• The company declared a quarterly dividend of $2.26 per share, which reflects an annualized dividend yield of 0.9%.

SRB Corp trimmed its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 1.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,760 shares of the industrial products company's stock after selling 1,258 shares during the period. W.W. Grainger makes up approximately 4.6% of SRB Corp's investment portfolio, making the stock its 8th largest holding. SRB Corp owned 0.15% of W.W. Grainger worth $69,899,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GWW. GAMMA Investing LLC increased its holdings in shares of W.W. Grainger by 100,843.0% during the first quarter. GAMMA Investing LLC now owns 692,469 shares of the industrial products company's stock valued at $684,042,000 after purchasing an additional 691,783 shares during the period. Nuveen LLC acquired a new position in W.W. Grainger during the first quarter worth about $285,574,000. Northern Trust Corp grew its holdings in W.W. Grainger by 14.2% during the fourth quarter. Northern Trust Corp now owns 681,912 shares of the industrial products company's stock worth $718,769,000 after acquiring an additional 84,595 shares during the period. JPMorgan Chase & Co. grew its holdings in W.W. Grainger by 10.1% during the first quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company's stock worth $812,403,000 after acquiring an additional 75,644 shares during the period. Finally, Vanguard Group Inc. grew its holdings in W.W. Grainger by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company's stock worth $5,322,801,000 after acquiring an additional 57,690 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Stock Up 2.7%

NYSE GWW traded up $26.5310 during trading on Friday, reaching $1,020.6010. 333,372 shares of the company's stock were exchanged, compared to its average volume of 289,364. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,227.66. The firm has a market capitalization of $48.82 billion, a PE ratio of 25.90, a P/E/G ratio of 2.91 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. The company's fifty day simple moving average is $1,018.75 and its 200-day simple moving average is $1,020.69.

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 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 firm had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.52 billion. During the same period last year, the business earned $9.76 earnings per share. The firm's revenue for the quarter 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. Sell-side analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Monday, August 11th will be paid a dividend of $2.26 per share. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

A number of research firms recently issued reports on GWW. Royal Bank Of Canada lowered their target price 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. Loop Capital lowered their target price on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a report on Monday, August 4th. Morgan Stanley lowered 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 report on Friday, July 11th. Finally, JPMorgan Chase & Co. increased their price target on 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. One equities 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 issued a Sell rating to the company. According to data from MarketBeat.com, W.W. Grainger currently has a consensus rating of "Hold" and an average price target of $1,080.38.

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.