Fiduciary Alliance LLC Acquires Shares of 263 W.W. Grainger, Inc. $GWW

Key Points

• Fiduciary Alliance LLC has acquired 263 shares of W.W. Grainger, Inc., valued at approximately $274,000, indicating growing institutional interest in the company.
• W.W. Grainger's stock price targets have been revised downward by several analysts, with JPMorgan Chase cutting their target from $1,125.00 to $1,035.00, reflecting cautious market sentiment.
• The company reported a quarterly EPS of $9.97, missing estimates by $0.10, despite a year-over-year revenue increase of 5.6%, showcasing mixed financial results.

Fiduciary Alliance LLC purchased a new stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 263 shares of the industrial products company's stock, valued at approximately $274,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Checchi Capital Advisers LLC increased its stake in shares of W.W. Grainger by 2.1% during the first quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company's stock worth $480,000 after buying an additional 10 shares during the period. Cary Street Partners Investment Advisory LLC grew 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 acquiring an additional 10 shares in the last quarter. Hemington Wealth Management increased its position in shares of W.W. Grainger by 0.9% in the 1st quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company's stock valued at $1,125,000 after purchasing an additional 10 shares during the last quarter. Crew Capital Management Ltd. increased its position in shares of W.W. Grainger by 4.7% in the 1st quarter. Crew Capital Management Ltd. now owns 270 shares of the industrial products company's stock valued at $267,000 after purchasing an additional 12 shares during the last quarter. Finally, Cornerstone Planning Group LLC raised its holdings in shares of W.W. Grainger by 34.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

W.W. Grainger Stock Performance

Shares of GWW traded down $7.38 during midday trading on Monday, reaching $980.23. 342,394 shares of the stock were exchanged, compared to its average volume of 300,804. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.66. 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 company has a market capitalization of $46.88 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 2.87 and a beta of 1.18. The business's 50-day moving average price is $1,002.47 and its 200 day moving average price is $1,018.82.

W.W. Grainger (NYSE:GWW - Get Free Report) last announced its earnings results 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). The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $9.76 earnings per share. 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 Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. 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 for the company in a research note on Monday, August 4th. Loop Capital decreased 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. Morgan Stanley dropped 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 report on Friday, July 11th. Finally, JPMorgan Chase & Co. cut 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 assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, W.W. Grainger currently has a consensus rating of "Hold" and a consensus target price of $1,069.13.

Insider Buying and Selling

In related news, SVP Jonny M. Leroy sold 500 shares of the stock in a transaction on Tuesday, September 9th. The shares were 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. This represents a 22.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is currently owned by company insiders.

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.