Chicago Capital LLC Raises Stock Holdings in W.W. Grainger, Inc. $GWW

Key Points

• Chicago Capital LLC increased its holdings in W.W. Grainger by 9.7% during Q2, now owning 4,259 shares valued at approximately $4.43 million.
• Recent analyst reports show target price reductions for W.W. Grainger, with current average price target at $1,069.13, while maintaining a consensus rating of "Hold."
• W.W. Grainger reported Q2 earnings of $9.97 EPS, missing estimates and showing a 5.6% revenue increase year-over-year, with a current dividend yield of 1.0%.

Chicago Capital LLC lifted its holdings in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 9.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,259 shares of the industrial products company's stock after buying an additional 376 shares during the quarter. Chicago Capital LLC's holdings in W.W. Grainger were worth $4,431,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Checchi Capital Advisers LLC increased its holdings in W.W. Grainger by 2.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company's stock worth $480,000 after purchasing an additional 10 shares during the period. Cary Street Partners Investment Advisory LLC increased its holdings in W.W. Grainger by 3.2% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company's stock worth $319,000 after purchasing an additional 10 shares during the period. Hemington Wealth Management increased its holdings in W.W. Grainger by 0.9% during the 1st quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company's stock worth $1,125,000 after purchasing an additional 10 shares during the period. Grove Bank & Trust increased its holdings in W.W. Grainger by 52.6% during the 2nd 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. Finally, Ridgewood Investments LLC boosted its position in W.W. Grainger by 50.0% during the 2nd quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 10 shares in the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GWW shares. Royal Bank Of Canada dropped their target price on 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. Loop Capital dropped their target price on 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. Morgan Stanley dropped their target price on W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating on the stock in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. dropped their target price on W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating on the stock in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, W.W. Grainger currently has an average rating of "Hold" and a consensus price target of $1,069.13.

Insider Buying and Selling at W.W. Grainger

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger stock in a transaction dated 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 transaction, the senior vice president owned 1,771 shares in the company, valued at approximately $1,758,355.06. This trade represents a 22.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.10% of the company's stock.

W.W. Grainger Stock Performance

Shares of GWW opened at $947.58 on Tuesday. The stock has a 50-day moving average of $995.26 and a two-hundred day moving average of $1,018.15. W.W. Grainger, Inc. has a one year low of $893.99 and a one year high of $1,227.66. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. The stock has a market cap of $45.32 billion, a P/E ratio of 24.04, a P/E/G ratio of 2.79 and a beta of 1.18.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued its quarterly 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 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 analyst estimates of $4.52 billion. During the same period in the prior year, the firm posted $9.76 EPS. The business's revenue 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. As a group, research analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were paid a dividend of $2.26 per share. The ex-dividend date was Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 1.0%. W.W. Grainger's dividend payout ratio (DPR) is presently 22.94%.

W.W. Grainger Company 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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