Accurate Wealth Management LLC Buys Shares of 2,216 W.W. Grainger, Inc. $GWW

Key Points

• Accurate Wealth Management LLC acquired a new position in W.W. Grainger, purchasing 2,216 shares valued at approximately $2.32 million in the second quarter.
• Institutional investors now hold approximately 80.70% of W.W. Grainger's stock, indicating significant institutional interest in the company.
• W.W. Grainger reported $9.97 earnings per share for the last quarter, slightly missing analysts' expectations, while also announcing a quarterly dividend of $2.26 per share.

Accurate Wealth Management 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 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,216 shares of the industrial products company's stock, valued at approximately $2,322,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GWW. Brighton Jones LLC raised its position in W.W. Grainger by 46.8% during the fourth quarter. Brighton Jones LLC now owns 320 shares of the industrial products company's stock worth $338,000 after acquiring an additional 102 shares during the last quarter. Toronto Dominion Bank raised its position in W.W. Grainger by 7.4% during the fourth quarter. Toronto Dominion Bank now owns 23,673 shares of the industrial products company's stock worth $24,952,000 after acquiring an additional 1,628 shares during the last quarter. Ascent Group LLC raised its position in W.W. Grainger by 15.5% during the fourth quarter. Ascent Group LLC now owns 351 shares of the industrial products company's stock worth $370,000 after acquiring an additional 47 shares during the last quarter. Virtue Capital Management LLC raised its position in W.W. Grainger by 21.1% during the fourth quarter. Virtue Capital Management LLC now owns 270 shares of the industrial products company's stock worth $285,000 after acquiring an additional 47 shares during the last quarter. Finally, Jefferies Financial Group Inc. raised its position in W.W. Grainger by 38.7% during the fourth quarter. Jefferies Financial Group Inc. now owns 2,034 shares of the industrial products company's stock worth $2,144,000 after acquiring an additional 568 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Insider Transactions at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of the business's stock in a transaction that occurred 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 directly owned 1,771 shares in the company, valued at approximately $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GWW shares. 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 research report on Monday, August 4th. Morgan Stanley cut 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 report on Friday, July 11th. JPMorgan Chase & Co. reduced their price objective on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating on the stock in a research note on Thursday, September 4th. Finally, Loop Capital decreased their target price on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a research report on Monday, August 4th. One equities research 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $1,069.13.

W.W. Grainger Trading Down 0.4%

Shares of W.W. Grainger stock opened at $974.99 on Wednesday. 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 cap of $46.63 billion, a PE ratio of 24.74, a P/E/G ratio of 2.84 and a beta of 1.18. The business's fifty day moving average is $1,001.16 and its two-hundred day moving average is $1,018.52. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57.

W.W. Grainger (NYSE:GWW - Get Free Report) last released its earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share (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 company had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter in the previous year, the firm posted $9.76 earnings per share. W.W. Grainger's revenue for the quarter was up 5.6% compared to the same quarter last year. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, August 11th. W.W. Grainger's payout ratio is presently 22.94%.

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.

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