Cadinha & Co. LLC Has $2.63 Million Position in W.W. Grainger, Inc. $GWW

Key Points

• Cadinha & Co. LLC increased its position in W.W. Grainger by 26.8%, owning 2,531 shares worth $2.63 million at the end of the second quarter.
• W.W. Grainger reported a quarterly EPS of $9.97, missing estimates, while revenue rose 5.6% year-over-year to $4.55 billion.
• The company recently announced a quarterly dividend of $2.26 per share, representing an annualized dividend of $9.04 with a yield of 0.9%.

Cadinha & Co. LLC increased its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 26.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,531 shares of the industrial products company's stock after buying an additional 535 shares during the quarter. Cadinha & Co. LLC's holdings in W.W. Grainger were worth $2,633,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GWW. Nuveen LLC bought a new stake in W.W. Grainger in the 1st quarter valued at $285,574,000. JPMorgan Chase & Co. increased its stake in W.W. Grainger by 10.1% in the first quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company's stock valued at $812,403,000 after acquiring an additional 75,644 shares during the period. Kodai Capital Management LP bought a new stake in W.W. Grainger in the first quarter valued at about $67,601,000. Interval Partners LP raised its position in W.W. Grainger by 1,429.9% in the first quarter. Interval Partners LP now owns 67,957 shares of the industrial products company's stock worth $67,130,000 after purchasing an additional 63,515 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in W.W. Grainger by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company's stock worth $5,322,801,000 after purchasing an additional 57,690 shares during the period. Institutional investors and hedge funds own 80.70% of the company's stock.

W.W. Grainger Stock Up 0.2%

Shares of NYSE:GWW opened at $973.74 on Thursday. 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 stock has a market cap of $46.57 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 2.82 and a beta of 1.17. The company has a 50 day moving average of $982.63 and a 200-day moving average of $1,014.92. 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 announced its quarterly earnings data 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 return on equity of 49.63% and a net margin of 10.99%.The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same period last year, the firm earned $9.76 earnings per share. The firm's revenue for the quarter 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. On average, sell-side analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were paid a dividend of $2.26 per share. This represents a $9.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, August 11th. W.W. Grainger's dividend payout ratio is presently 22.94%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GWW shares. Morgan Stanley lowered their price objective on W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating on the stock in a research note on Friday, July 11th. JPMorgan Chase & Co. upped their price target on W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a "neutral" rating in a research report on Wednesday, October 15th. Barclays initiated coverage on W.W. Grainger in a report on Wednesday, October 8th. They set an "underweight" rating and a $963.00 price objective for the company. 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 on the stock in a report on Monday, August 4th. Finally, Loop Capital decreased their price objective on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a research note on Monday, August 4th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, W.W. Grainger currently has a consensus rating of "Hold" and an average price target of $1,053.71.

Insider Buying and Selling

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company 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.

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