Albert D Mason Inc. Sells 293 Shares of W.W. Grainger, Inc. $GWW

Key Points

• Albert D Mason Inc. reduced its ownership in W.W. Grainger, Inc. by 12.8% during the second quarter, selling 293 shares and now holding a total of 1,992 shares worth $2,072,000.
• W.W. Grainger reported $9.97 earnings per share for the latest quarter, missing expectations by $0.10, with a revenue increase of 5.6% year-over-year.
• The company recently paid a quarterly dividend of $2.26 per share, representing an annualized payout of $9.04 and a dividend yield of 0.9%.

Albert D Mason Inc. decreased its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 12.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,992 shares of the industrial products company's stock after selling 293 shares during the period. W.W. Grainger accounts for approximately 1.5% of Albert D Mason Inc.'s holdings, making the stock its 16th largest position. Albert D Mason Inc.'s holdings in W.W. Grainger were worth $2,072,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GWW. N.E.W. Advisory Services LLC bought a new position in shares of W.W. Grainger in the 1st quarter valued at about $25,000. Hilltop National Bank bought a new position in shares of W.W. Grainger in the 2nd quarter valued at about $25,000. Brown Lisle Cummings Inc. grew its holdings in shares of W.W. Grainger by 316.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 19 shares in the last quarter. Nova Wealth Management Inc. bought a new position in shares of W.W. Grainger in the 1st quarter valued at about $28,000. Finally, Grove Bank & Trust grew its holdings in W.W. Grainger by 52.6% during the second quarter. Grove Bank & Trust now owns 29 shares of the industrial products company's stock worth $30,000 after purchasing an additional 10 shares during the period. Institutional investors own 80.70% of the company's stock.

W.W. Grainger Trading Up 0.2%

Shares of NYSE:GWW opened at $956.36 on Friday. W.W. Grainger, Inc. has a 12-month low of $893.99 and a 12-month high of $1,227.66. The stock has a market cap of $45.74 billion, a PE ratio of 24.27, a P/E/G ratio of 2.78 and a beta of 1.17. The business has a 50 day moving average of $982.04 and a 200-day moving average of $1,015.00. 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 issued its quarterly earnings data 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 return on equity of 49.63% and a net margin of 10.99%.The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the firm earned $9.76 EPS. The company's 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, equities research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were issued 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 was Monday, August 11th. W.W. Grainger's payout ratio is currently 22.94%.

Insider Activity

In other news, SVP Jonny M. Leroy sold 500 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $992.86, for a total transaction of $496,430.00. Following the completion of the sale, the senior vice president owned 1,771 shares in the company, valued at $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GWW has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a "neutral" rating in a report on Wednesday. Weiss Ratings reiterated a "buy (b)" rating on shares of W.W. Grainger in a report on Wednesday, October 8th. Morgan Stanley reduced their price target 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. Loop Capital reduced their price target 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, Barclays initiated coverage on W.W. Grainger in a report on Wednesday, October 8th. They set an "underweight" rating and a $963.00 price target for the company. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $1,053.71.

W.W. Grainger 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.

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