Boston Trust Walden Corp Has $61.08 Million Stock Position in W.W. Grainger, Inc. $GWW

Key Points

• Boston Trust Walden Corp decreased its stake in W.W. Grainger by 0.9%, owning 58,714 shares worth approximately $61.08 million at the end of the second quarter.
• Analysts have revised W.W. Grainger’s price targets downward, with Morgan Stanley setting a new target of $1,160.00 and Barclays issuing a target of $963.00, reflecting cautious sentiment in the market.
• W.W. Grainger declared a quarterly dividend of $2.26 per share, resulting in an annualized yield of 1.0% and a payout ratio of 22.94%.

Boston Trust Walden Corp decreased its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,714 shares of the industrial products company's stock after selling 550 shares during the period. Boston Trust Walden Corp owned approximately 0.12% of W.W. Grainger worth $61,077,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hilltop National Bank acquired a new position in shares of W.W. Grainger in the 2nd quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new stake in W.W. Grainger in the 1st quarter valued at $25,000. Brown Lisle Cummings Inc. lifted its position in 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 stake in W.W. Grainger in the 1st quarter valued at $28,000. Finally, Grove Bank & Trust lifted its position in W.W. Grainger by 52.6% in the 2nd quarter. Grove Bank & Trust now owns 29 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 10 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on GWW shares. Morgan Stanley cut 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 research note on Friday, July 11th. Barclays assumed coverage on shares of W.W. Grainger in a research note on Wednesday, October 8th. They issued an "underweight" rating and a $963.00 price target on the stock. 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 on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. cut their price target 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. Finally, Loop Capital dropped 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. One equities research analyst has rated the stock with a Strong Buy rating, three 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 presently has a consensus rating of "Hold" and an average target price of $1,073.88.

Insider Buying and Selling

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the firm'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 directly owned 1,771 shares in the company, valued at approximately $1,758,355.06. This trade represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.10% of the company's stock.

W.W. Grainger Price Performance

Shares of NYSE:GWW opened at $935.80 on Tuesday. The company has a market cap of $44.76 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 2.75 and a beta of 1.17. 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 firm has a 50 day simple moving average of $981.24 and a 200 day simple moving average of $1,016.28. 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 - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the previous year, the business posted $9.76 EPS. W.W. Grainger'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. Research analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Shareholders 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 1.0%. The ex-dividend date was Monday, August 11th. W.W. Grainger's dividend payout ratio (DPR) is presently 22.94%.

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.

Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.W. Grainger, Inc. (NYSE:GWW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.