Federation des caisses Desjardins du Quebec Increases Position in W.W. Grainger, Inc. $GWW

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in W.W. Grainger by 18.4%, owning 5,192 shares worth approximately $5.13 million as of its latest filing.
• W.W. Grainger reported $9.97 earnings per share for its recent quarter, falling short of analysts' expectations, while revenue was up 5.6% year-over-year at $4.55 billion.
• The company recently declared a quarterly dividend of $2.26 per share, with an annual yield of 0.9% and a payout ratio of 22.94%.

Federation des caisses Desjardins du Quebec increased its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 18.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,192 shares of the industrial products company's stock after purchasing an additional 806 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in W.W. Grainger were worth $5,130,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Golden State Wealth Management LLC raised its holdings in W.W. Grainger by 1,685.7% during the first quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company's stock valued at $123,000 after acquiring an additional 118 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in W.W. Grainger by 5.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,095 shares of the industrial products company's stock valued at $5,033,000 after acquiring an additional 256 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in W.W. Grainger by 116.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 33,917 shares of the industrial products company's stock valued at $33,506,000 after acquiring an additional 18,216 shares during the period. GAMMA Investing LLC raised its holdings in W.W. Grainger by 2.2% during the first quarter. GAMMA Investing LLC now owns 701 shares of the industrial products company's stock valued at $692,000 after acquiring an additional 15 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in W.W. Grainger by 8.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,970 shares of the industrial products company's stock valued at $6,796,000 after acquiring an additional 564 shares during the period. 80.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank Of Canada decreased 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 decreased 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. decreased their price target on W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating on the stock in a report on Thursday, September 4th. Finally, Loop Capital decreased their price target 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, W.W. Grainger has an average rating of "Hold" and an average price target of $1,069.13.

W.W. Grainger Trading Down 1.0%

GWW traded down $9.69 on Wednesday, hitting $985.16. The company had a trading volume of 37,278 shares, compared to its average volume of 288,303. The company has a market cap of $47.12 billion, a PE ratio of 25.04, a PEG ratio of 2.89 and a beta of 1.18. W.W. Grainger, Inc. has a 12-month low of $893.99 and a 12-month 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 business's fifty day simple moving average is $1,010.93 and its 200 day simple moving average is $1,018.85.

W.W. Grainger (NYSE:GWW - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The company's revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Equities research analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were given 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 payout ratio is 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.