Amundi Lowers Stock Position in W.W. Grainger, Inc. $GWW
Amundi reduced its stake in W.W. Grainger, Inc. (NYSE:GWW) by 5.1% in Q1, now holding 435,981 shares after selling 23,555 shares. Other hedge funds also adjusted their positions, with GAMMA Investing LLC increasing its stake significantly. Analysts have mixed ratings on GWW, with a consensus rating of "Hold" and a price target of $1,080.38. W.W. Grainger reported Q2 earnings of $9.97 per share, slightly below estimates, and declared a quarterly dividend of $2.26 per share.
Amundi lessened its holdings in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 5.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 435,981 shares of the industrial products company's stock after selling 23,555 shares during the period. Amundi owned about 0.91% of W.W. Grainger worth $424,388,000 at the end of the most recent quarter.
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Several other hedge funds have also recently modified their holdings of GWW. GAMMA Investing LLC lifted its position in shares of W.W. Grainger by 100,843.0% in the 1st quarter. GAMMA Investing LLC now owns 692,469 shares of the industrial products company's stock worth $684,042,000 after purchasing an additional 691,783 shares during the period. Nuveen LLC purchased a new stake in W.W. Grainger during the first quarter valued at approximately $285,574,000. JPMorgan Chase & Co. lifted its position in W.W. Grainger by 10.1% during the first quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company's stock valued at $812,403,000 after acquiring an additional 75,644 shares during the last quarter. Kodai Capital Management LP purchased a new stake in W.W. Grainger during the first quarter valued at approximately $67,601,000. Finally, Vanguard Group Inc. lifted its position in W.W. Grainger by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company's stock valued at $5,322,801,000 after acquiring an additional 57,690 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.
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Analysts Set New Price Targets
A number of equities research analysts recently commented on GWW shares. JPMorgan Chase & Co. increased their target price on shares of W.W. Grainger from $1,100.00 to $1,125.00 and gave the company a "neutral" rating in a research report on Tuesday, May 27th. Loop Capital decreased their target price on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a research report on Monday, August 4th. Royal Bank Of Canada decreased their target price on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a "sector perform" rating for the company in a research report on Monday, August 4th. Finally, Morgan Stanley decreased their price target 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 report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $1,080.38.
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Read Our Latest Research Report on GWW
W.W. Grainger Stock Up 0.1%
NYSE:GWW opened at $1,017.80 on Thursday. The firm has a market capitalization of $48.68 billion, a P/E ratio of 25.83, a PEG 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 company's fifty day moving average price is $1,013.36 and its 200-day moving average price is $1,019.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64.
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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 analysts' consensus estimates of $10.07 by ($0.10). The business had revenue of $4.55 billion during 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 revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, equities research analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current year.
W.W. Grainger Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were given a dividend of $2.26 per share. This represents a $9.04 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, August 11th. W.W. Grainger's dividend payout ratio (DPR) is currently 22.94%.
W.W. Grainger Company Profile
(Free Report)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.
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