Exchange Traded Concepts LLC Has $4.71 Million Stock Holdings in W.W. Grainger, Inc. $GWW

Key Points

• Exchange Traded Concepts LLC reduced its stake in W.W. Grainger, Inc. by 18.9% during the second quarter, now holding 4,524 shares valued at approximately $4.7 million.
• Large investors like GAMMA Investing LLC and JPMorgan Chase & Co. significantly increased their holdings in W.W. Grainger, leading to a total institutional ownership of 80.70%.
• W.W. Grainger reported a missed earnings estimate for the most recent quarter, with earnings per share of $9.97 compared to the expected $10.07, despite a year-over-year revenue increase of 5.6%.

Exchange Traded Concepts LLC trimmed its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 18.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,524 shares of the industrial products company's stock after selling 1,055 shares during the quarter. Exchange Traded Concepts LLC's holdings in W.W. Grainger were worth $4,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in GWW. Checchi Capital Advisers LLC grew its position in W.W. Grainger by 2.1% in the first quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company's stock worth $480,000 after acquiring an additional 10 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in W.W. Grainger by 3.2% in the first 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 in the last quarter. Hemington Wealth Management increased its position in W.W. Grainger by 0.9% during the first quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company's stock worth $1,125,000 after buying an additional 10 shares during the last quarter. Crew Capital Management Ltd. raised its holdings in W.W. Grainger by 4.7% during the first quarter. Crew Capital Management Ltd. now owns 270 shares of the industrial products company's stock valued at $267,000 after buying an additional 12 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in shares of W.W. Grainger by 34.3% in the first quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company's stock worth $47,000 after buying an additional 12 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

W.W. Grainger Stock Performance

W.W. Grainger stock traded up $0.18 during mid-day trading on Tuesday, reaching $979.35. The company had a trading volume of 36,581 shares, compared to its average volume of 291,056. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. The firm has a market cap of $46.84 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 2.87 and a beta of 1.18. The company has a 50 day moving average of $1,002.47 and a 200-day moving average of $1,018.82. W.W. Grainger, Inc. has a 52 week low of $893.99 and a 52 week high of $1,227.66.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued its 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 net margin of 10.99% and a return on equity of 49.63%. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the previous year, the company posted $9.76 earnings per share. The business'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. On average, sell-side analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were given a $2.26 dividend. This represents a $9.04 annualized dividend 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 22.94%.

Analysts Set New Price Targets

A number of research analysts have recently commented on GWW shares. Royal Bank Of Canada lowered their price objective on 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. JPMorgan Chase & Co. dropped their price target 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 report on Thursday, September 4th. Loop Capital reduced 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. Finally, Morgan Stanley lowered their target price on shares of 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. One 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $1,069.13.

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 stock was sold at an average price of $992.86, for a total transaction of $496,430.00. Following the sale, the senior vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.10% of the stock is currently owned by corporate insiders.

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.