Credit Agricole S A Decreases Stake in W.W. Grainger, Inc. $GWW

Credit Agricole S A lowered its position in W.W. Grainger, Inc. (NYSE:GWW) by 10.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 16,511 shares of the industrial products company’s stock after selling 1,832 shares during the quarter. Credit Agricole S A’s holdings in W.W. Grainger were worth $16,310,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in W.W. Grainger by 100,843.0% during the 1st quarter. GAMMA Investing LLC now owns 692,469 shares of the industrial products company’s stock valued at $684,042,000 after buying an additional 691,783 shares in the last quarter. Nuveen LLC purchased a new position in W.W. Grainger during the 1st quarter valued at about $285,574,000. Northern Trust Corp grew its holdings in W.W. Grainger by 14.2% during the 4th quarter. Northern Trust Corp now owns 681,912 shares of the industrial products company’s stock valued at $718,769,000 after buying an additional 84,595 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in W.W. Grainger by 10.1% during the 1st quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company’s stock valued at $812,403,000 after buying an additional 75,644 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in W.W. Grainger by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company’s stock valued at $5,322,801,000 after buying an additional 57,690 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price 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. Royal Bank Of Canada reduced 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. Loop Capital reduced their target price on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a report on Monday, August 4th. Finally, Morgan Stanley cut their price objective on W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating for the company in a report on Friday, July 11th. 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $1,080.38.

Insider Buying and Selling at W.W. Grainger

In other news, VP Krantz Nancy L. Berardinelli sold 280 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $1,075.20, for a total transaction of $301,056.00. Following the completion of the sale, the vice president owned 3,369 shares of the company’s stock, valued at approximately $3,622,348.80. This represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.10% of the company’s stock.

W.W. Grainger Stock Up 0.3%

Shares of NYSE GWW opened at $998.32 on Thursday. 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 current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $47.75 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 2.90 and a beta of 1.18. The business has a 50-day moving average of $1,020.48 and a 200-day moving average of $1,021.06.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.07 by ($0.10). The firm 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 firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Sell-side analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The business 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 dividend of $2.26 per share. 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 dividend payout ratio is 22.94%.

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.