GC Wealth Management RIA LLC bought a new position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 303 shares of the industrial products company's stock, valued at approximately $315,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH grew its stake in shares of W.W. Grainger by 3.1% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 469 shares of the industrial products company's stock worth $488,000 after purchasing an additional 14 shares in the last quarter. LVW Advisors LLC grew its stake in shares of W.W. Grainger by 115.0% during the second quarter. LVW Advisors LLC now owns 961 shares of the industrial products company's stock worth $1,000,000 after purchasing an additional 514 shares in the last quarter. ORG Wealth Partners LLC grew its stake in shares of W.W. Grainger by 130.3% during the second quarter. ORG Wealth Partners LLC now owns 548 shares of the industrial products company's stock worth $578,000 after purchasing an additional 310 shares in the last quarter. Brown Lisle Cummings Inc. grew its stake in shares of W.W. Grainger by 316.7% during the second quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company's stock worth $26,000 after purchasing an additional 19 shares in the last quarter. Finally, Twelve Points Wealth Management LLC grew its stake in shares of W.W. Grainger by 2.0% during the second quarter. Twelve Points Wealth Management LLC now owns 1,191 shares of the industrial products company's stock worth $1,239,000 after purchasing an additional 23 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.
Insider Activity at W.W. Grainger
In other news, SVP Jonny M. Leroy sold 500 shares of the company's stock in a transaction dated 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 directly owned 1,771 shares of the company's stock, valued at approximately $1,758,355.06. This represents a 22.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.10% of the company's stock.
W.W. Grainger Stock Performance
NYSE GWW opened at $945.24 on Thursday. The company has a fifty day moving average of $991.61 and a two-hundred day moving average of $1,017.19. W.W. Grainger, Inc. has a 1 year low of $893.99 and a 1 year high of $1,227.66. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64. The company has a market capitalization of $45.21 billion, a PE ratio of 23.98, a P/E/G ratio of 2.77 and a beta of 1.17.
W.W. Grainger (NYSE:GWW - Get Free Report) last announced its earnings results on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same period in the previous year, the company posted $9.76 earnings per share. W.W. Grainger's quarterly revenue 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. As a group, analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.
W.W. Grainger Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Stockholders 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 1.0%. The ex-dividend date of this dividend was Monday, August 11th. W.W. Grainger's dividend payout ratio is presently 22.94%.
Analysts Set New Price Targets
A number of brokerages recently commented on GWW. Royal Bank Of Canada lowered 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 note on Monday, August 4th. Loop Capital decreased their price objective on shares of 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. Morgan Stanley decreased 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating for the company in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, W.W. Grainger has a consensus rating of "Hold" and a consensus target price of $1,069.13.
Check Out Our Latest Analysis on W.W. Grainger
W.W. Grainger 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.
Further Reading
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