Fjarde AP Fonden Fourth Swedish National Pension Fund Has $8.97 Million Holdings in W.W. Grainger, Inc. $GWW

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund has reduced its holdings in W.W. Grainger, Inc. by 11.2% during the first quarter, now owning 9,082 shares valued at approximately $8.97 million.
• W.W. Grainger reported earnings of $9.97 per share, slightly missing analysts' estimates of $10.07, but showed a revenue increase of 5.6% compared to the previous year, totaling $4.55 billion.
• The company's recent quarterly dividend, set to be paid on September 1st, is $2.26 per share, resulting in an annualized dividend of $9.04 and a yield of 0.9%.

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 11.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,082 shares of the industrial products company's stock after selling 1,149 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in W.W. Grainger were worth $8,971,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. boosted its holdings in W.W. Grainger by 7.0% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,324 shares of the industrial products company's stock worth $1,308,000 after purchasing an additional 87 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of W.W. Grainger by 21.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 89 shares of the industrial products company's stock valued at $88,000 after acquiring an additional 16 shares during the last quarter. National Pension Service boosted its holdings in shares of W.W. Grainger by 12.6% in the first quarter. National Pension Service now owns 60,240 shares of the industrial products company's stock worth $59,507,000 after buying an additional 6,721 shares during the last quarter. Prudential PLC raised its position in shares of W.W. Grainger by 0.5% during the first quarter. Prudential PLC now owns 17,188 shares of the industrial products company's stock valued at $16,979,000 after buying an additional 77 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. increased its position in W.W. Grainger by 6.0% in the first quarter. Resona Asset Management Co. Ltd. now owns 18,284 shares of the industrial products company's stock worth $18,011,000 after purchasing an additional 1,041 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other W.W. Grainger news, VP Krantz Nancy L. Berardinelli sold 280 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $1,075.20, for a total value of $301,056.00. Following the transaction, the vice president owned 3,369 shares in the company, valued at $3,622,348.80. The trade was a 7.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on GWW shares. Morgan Stanley lowered their price objective on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating for the company in a research note on Friday, July 11th. Loop Capital cut their target price on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a research note on Monday, August 4th. 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 for the company in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. lifted their price objective on W.W. Grainger from $1,100.00 to $1,125.00 and gave the company a "neutral" rating in a research note 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 given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, W.W. Grainger presently has an average rating of "Hold" and an average price target of $1,080.38.

W.W. Grainger Stock Performance

GWW traded up $14.5380 during trading hours on Tuesday, hitting $992.6680. The company's stock had a trading volume of 205,414 shares, compared to its average volume of 287,308. 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 $47.48 billion, a PE ratio of 25.23, a PEG ratio of 2.82 and a beta of 1.18. The company has a 50-day simple moving average of $1,023.91 and a 200 day simple moving average of $1,021.41. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57.

W.W. Grainger (NYSE:GWW - Get Free Report) last released 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). The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The business's revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, sell-side analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Monday, August 11th will be issued a dividend of $2.26 per share. The ex-dividend date 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 payout ratio is currently 22.94%.

W.W. Grainger 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.