1832 Asset Management L.P. Has $3.36 Million Stock Holdings in W.W. Grainger, Inc. $GWW

Key Points

• 1832 Asset Management L.P. increased its position in W.W. Grainger, Inc. by 13.9% in the first quarter, now holding 3,404 shares valued at approximately $3.36 million.
• Multiple institutional investors, including GAMMA Investing and JPMorgan Chase, have significantly altered their stakes in Grainger, reflecting a broader interest; 80.70% of the stock is now owned by institutional investors.
• W.W. Grainger reported quarterly earnings of $9.97 per share, missing expectations, while also announcing a quarterly dividend of $2.26 per share, which will be paid to shareholders on September 1st.

1832 Asset Management L.P. increased its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 13.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,404 shares of the industrial products company's stock after buying an additional 415 shares during the quarter. 1832 Asset Management L.P.'s holdings in W.W. Grainger were worth $3,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Compound Planning Inc. lifted its position in shares of W.W. Grainger by 10.3% during the 1st quarter. Compound Planning Inc. now owns 599 shares of the industrial products company's stock worth $592,000 after buying an additional 56 shares during the last quarter. Monetary Management Group Inc. lifted its position in shares of W.W. Grainger by 16.7% during the 1st quarter. Monetary Management Group Inc. now owns 175 shares of the industrial products company's stock worth $173,000 after buying an additional 25 shares during the last quarter. Norinchukin Bank The lifted its position in shares of W.W. Grainger by 16.9% during the 1st quarter. Norinchukin Bank The now owns 2,563 shares of the industrial products company's stock worth $2,532,000 after buying an additional 370 shares during the last quarter. Summit Financial LLC boosted its holdings in shares of W.W. Grainger by 6.1% during the 1st quarter. Summit Financial LLC now owns 277 shares of the industrial products company's stock valued at $274,000 after acquiring an additional 16 shares in the last quarter. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of W.W. Grainger during the 1st quarter valued at $1,040,000. 80.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on W.W. Grainger from $1,100.00 to $1,125.00 and gave the company a "neutral" rating in a report on Tuesday, May 27th. Morgan Stanley cut their price objective 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. Loop Capital cut their price objective 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. 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 on the stock in a 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 given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, W.W. Grainger has an average rating of "Hold" and an average target price of $1,080.38.

W.W. Grainger Trading Up 0.5%

GWW traded up $5.12 during midday trading on Wednesday, hitting $1,017.08. 229,886 shares of the company were exchanged, compared to its average volume of 365,836. The firm has a market capitalization of $48.65 billion, a P/E ratio of 25.81, a P/E/G ratio of 2.94 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 firm's 50 day moving average price is $1,015.56 and its 200-day moving average price is $1,019.99. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57.

W.W. Grainger (NYSE:GWW - Get Free Report) last announced 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 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 firm's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, equities analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

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