KLP Kapitalforvaltning AS Buys 600 Shares of W.W. Grainger, Inc. $GWW

Key Points

• KLP Kapitalforvaltning AS increased its stake in W.W. Grainger, Inc. by 2.7% during Q2, now owning 22,430 shares valued at approximately $23.33 million.
• W.W. Grainger reported Q2 earnings per share of $9.97, missing the consensus estimate of $10.07 while revenue was up 5.6% year-over-year at $4.55 billion.
• The company declared a quarterly dividend of $2.26, resulting in an annualized dividend of $9.04 with a yield of 0.9% and a payout ratio of 22.94%.

KLP Kapitalforvaltning AS boosted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,430 shares of the industrial products company's stock after acquiring an additional 600 shares during the quarter. KLP Kapitalforvaltning AS's holdings in W.W. Grainger were worth $23,333,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC bought a new stake in W.W. Grainger during the 2nd quarter worth about $274,000. Pure Financial Advisors LLC bought a new position in shares of W.W. Grainger in the 2nd quarter valued at about $287,000. J. Safra Sarasin Holding AG boosted its stake in shares of W.W. Grainger by 128.8% in the 2nd quarter. J. Safra Sarasin Holding AG now owns 2,128 shares of the industrial products company's stock valued at $2,214,000 after purchasing an additional 1,198 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of W.W. Grainger by 7.5% in the 1st quarter. Focus Partners Wealth now owns 15,989 shares of the industrial products company's stock valued at $15,795,000 after purchasing an additional 1,120 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in shares of W.W. Grainger by 1,685.7% in the 1st quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company's stock valued at $123,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 80.70% of the company's stock.

W.W. Grainger Stock Up 0.1%

W.W. Grainger stock opened at $959.41 on Wednesday. The company's 50 day simple moving average is $984.04 and its 200 day simple moving average is $1,016.96. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,227.66. The firm has a market capitalization of $45.89 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 2.78 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64.

W.W. Grainger (NYSE:GWW - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $4.52 billion. During the same period in the previous year, the business earned $9.76 EPS. The firm'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, sell-side analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

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

Insiders Place Their Bets

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. Insiders own 6.10% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price 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 note on Thursday, September 4th. Royal Bank Of Canada reduced 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 research note on Monday, August 4th. Morgan Stanley reduced 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. Loop Capital reduced their target price 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. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of W.W. Grainger in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, W.W. Grainger currently has an average rating of "Hold" and an average target price of $1,089.71.

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.

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