IFM Investors Pty Ltd Buys 669 Shares of W.W. Grainger, Inc. $GWW

Key Points

• IFM Investors Pty Ltd increased its stake in W.W. Grainger, Inc. by 8.0% during the second quarter, now holding 8,989 shares valued at $9.35 million.
• Multiple hedge funds have modified their holdings in W.W. Grainger, with 80.70% of the stock owned by institutional investors.
• W.W. Grainger's stock price has recently faced downward adjustments from analysts, with a consensus rating of "Hold" and an average price target of $1,069.13.

IFM Investors Pty Ltd grew its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 8.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,989 shares of the industrial products company's stock after acquiring an additional 669 shares during the quarter. IFM Investors Pty Ltd's holdings in W.W. Grainger were worth $9,351,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Grove Bank & Trust lifted its position in shares of W.W. Grainger by 52.6% in the second 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. Legacy Financial Strategies LLC purchased a new stake in shares of W.W. Grainger in the second quarter valued at $2,508,000. Carderock Capital Management Inc. lifted its position in shares of W.W. Grainger by 4.4% in the second quarter. Carderock Capital Management Inc. now owns 5,560 shares of the industrial products company's stock valued at $5,784,000 after acquiring an additional 233 shares in the last quarter. YHB Investment Advisors Inc. lifted its position in W.W. Grainger by 3.9% during the second quarter. YHB Investment Advisors Inc. now owns 4,695 shares of the industrial products company's stock worth $4,884,000 after buying an additional 175 shares during the period. Finally, Mogy Joel R Investment Counsel Inc. lifted its position in W.W. Grainger by 4.8% during the second quarter. Mogy Joel R Investment Counsel Inc. now owns 10,368 shares of the industrial products company's stock worth $10,785,000 after buying an additional 475 shares during the period. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Morgan Stanley reduced 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. Loop Capital reduced 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. Royal Bank Of Canada reduced 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. Finally, JPMorgan Chase & Co. reduced 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 investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $1,069.13.

W.W. Grainger Stock Up 0.0%

GWW traded up $0.18 during trading on Tuesday, reaching $979.35. 47,573 shares of the stock traded hands, compared to its average volume of 291,104. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,227.66. The stock's 50-day simple moving average is $1,002.47 and its two-hundred day simple moving average is $1,018.82. 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 $46.84 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 2.87 and a beta of 1.18.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted 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 business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the previous year, the firm posted $9.76 earnings per share. The company'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. As a group, equities research analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

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

Insider Activity at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of the company'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 owned 1,771 shares in the company, valued at $1,758,355.06. This represents a 22.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.10% of the company's stock.

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.