Vident Advisory LLC Has $2.42 Million Holdings in W.W. Grainger, Inc. $GWW

Key Points

• Vident Advisory LLC reduced its stake in W.W. Grainger by 50.3%, holding 2,448 shares worth about $2.42 million after selling 2,482 shares.
• Several institutional investors have increased their stakes, with GAMMA Investing LLC notably raising its position by 100,843.0% to hold 692,469 shares valued at approximately $684 million.
• W.W. Grainger reported a Q2 EPS of $9.97, missing estimates by $0.10, despite a 5.6% increase in revenue year-over-year, reaching $4.55 billion.

Vident Advisory LLC trimmed its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 50.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,448 shares of the industrial products company's stock after selling 2,482 shares during the period. Vident Advisory LLC's holdings in W.W. Grainger were worth $2,418,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Checchi Capital Advisers LLC grew its stake in shares of W.W. Grainger by 2.1% during the first quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company's stock worth $480,000 after buying an additional 10 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of W.W. Grainger by 3.2% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company's stock worth $319,000 after buying an additional 10 shares during the last quarter. Hemington Wealth Management grew its stake in shares of W.W. Grainger by 0.9% during the first quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company's stock worth $1,125,000 after buying an additional 10 shares during the last quarter. Crew Capital Management Ltd. grew its stake in shares of W.W. Grainger by 4.7% during the first quarter. Crew Capital Management Ltd. now owns 270 shares of the industrial products company's stock worth $267,000 after buying an additional 12 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in shares of W.W. Grainger by 34.3% during the first quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company's stock worth $47,000 after buying an additional 12 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Stock Down 3.4%

Shares of NYSE GWW traded down $34.44 during trading on Friday, hitting $993.59. 415,810 shares of the company traded hands, compared to its average volume of 289,498. The business's fifty day moving average is $1,013.58 and its 200 day moving average is $1,019.34. 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 $47.52 billion, a price-to-earnings ratio of 25.21, a P/E/G ratio of 2.96 and a beta of 1.18. 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 announced its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 earnings per share for the quarter, missing the consensus estimate of $10.07 by ($0.10). W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the prior year, the company posted $9.76 EPS. W.W. Grainger'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. Equities research analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were issued 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 was Monday, August 11th. W.W. Grainger's dividend payout ratio is currently 22.94%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Loop Capital cut their price target on shares of 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. Royal Bank Of Canada cut their price target 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 report on Monday, August 4th. JPMorgan Chase & Co. cut their price target on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Morgan Stanley dropped their target price on shares of 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. One investment 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $1,069.13.

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.