AG2R LA Mondiale Gestion D Actifs Makes New Investment in W.W. Grainger, Inc. $GWW

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of W.W. Grainger, Inc. (NYSE:GWW) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,741 shares of the industrial products company’s stock, valued at approximately $1,893,000.

A number of other institutional investors also recently bought and sold shares of the business. Modern Wealth Management LLC raised its position in W.W. Grainger by 157.1% during the 1st quarter. Modern Wealth Management LLC now owns 982 shares of the industrial products company’s stock worth $970,000 after buying an additional 600 shares during the last quarter. Nova Wealth Management Inc. purchased a new position in W.W. Grainger during the 1st quarter worth approximately $28,000. Carderock Capital Management Inc. raised its position in W.W. Grainger by 12.2% during the 1st quarter. Carderock Capital Management Inc. now owns 5,327 shares of the industrial products company’s stock worth $5,262,000 after buying an additional 578 shares during the last quarter. Indiana Trust & Investment Management Co increased its holdings in shares of W.W. Grainger by 3.7% during the 1st quarter. Indiana Trust & Investment Management Co now owns 560 shares of the industrial products company’s stock valued at $553,000 after purchasing an additional 20 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of W.W. Grainger by 17.1% during the 1st quarter. Acadian Asset Management LLC now owns 206,593 shares of the industrial products company’s stock valued at $204,057,000 after purchasing an additional 30,208 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating for the company in a report on Thursday, September 4th. Royal Bank Of Canada cut 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 report on Monday, August 4th. Morgan Stanley cut their target price 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. Finally, Loop Capital cut 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 report on Monday, August 4th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $1,069.13.

W.W. Grainger Price Performance

Shares of NYSE GWW opened at $1,004.92 on Friday. The firm has a market cap of $48.07 billion, a PE ratio of 25.50, a PEG ratio of 2.94 and a beta of 1.18. The firm has a fifty day moving average of $1,008.49 and a 200 day moving average of $1,018.82. 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, Inc. has a one year low of $893.99 and a one year high of $1,227.66.

W.W. Grainger (NYSE:GWW) last issued its quarterly 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 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%.W.W. Grainger’s 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 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, research analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, August 11th. W.W. Grainger’s payout ratio is presently 22.94%.

Insider Buying and Selling

In related news, SVP Jonny M. Leroy sold 500 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $992.86, for a total value of $496,430.00. Following the completion of the sale, the senior vice president owned 1,771 shares of the company’s stock, valued at approximately $1,758,355.06. The trade was a 22.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.10% of the company’s stock.

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.