Legacy Financial Strategies LLC Takes Position in W.W. Grainger, Inc. $GWW

Key Points

• Legacy Financial Strategies LLC has invested approximately $2.51 million in W.W. Grainger, acquiring 2,411 shares of the industrial products company.
• W.W. Grainger's stock has a current market cap of $48.09 billion and a dividend payout ratio of 22.94%, with an annualized dividend of $9.04.
• Several hedge funds, including Vanguard Group and JPMorgan Chase, have increased their holdings in W.W. Grainger, reflecting strong institutional interest in the company.

Legacy Financial Strategies LLC purchased a new position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,411 shares of the industrial products company's stock, valued at approximately $2,508,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GWW. GAMMA Investing LLC increased its stake in W.W. Grainger by 100,843.0% during the 1st quarter. GAMMA Investing LLC now owns 692,469 shares of the industrial products company's stock worth $684,042,000 after buying an additional 691,783 shares during the period. Nuveen LLC acquired a new position in W.W. Grainger during the 1st quarter worth $285,574,000. JPMorgan Chase & Co. grew its holdings in W.W. Grainger by 10.1% during the 1st quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company's stock worth $812,403,000 after acquiring an additional 75,644 shares in the last quarter. Kodai Capital Management LP acquired a new position in W.W. Grainger during the 1st quarter worth $67,601,000. Finally, Interval Partners LP grew its holdings in W.W. Grainger by 1,429.9% during the 1st quarter. Interval Partners LP now owns 67,957 shares of the industrial products company's stock worth $67,130,000 after acquiring an additional 63,515 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

W.W. Grainger Price Performance

Shares of NYSE:GWW traded down $7.50 during trading on Monday, reaching $980.12. The company had a trading volume of 209,534 shares, compared to its average volume of 291,707. The firm's fifty day moving average is $1,004.02 and its 200 day moving average is $1,019.01. The firm has a market capitalization of $46.88 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 2.87 and a beta of 1.18. 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 quick ratio of 1.64 and a current ratio of 2.82.

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 earnings per share 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 company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period in the prior year, the company posted $9.76 earnings per share. The company's revenue 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. On average, equities analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors 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 was Monday, August 11th. W.W. Grainger's payout ratio is presently 22.94%.

Insider Activity at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of the business's 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 sale, the senior vice president directly owned 1,771 shares in the company, valued at $1,758,355.06. The trade was a 22.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on GWW shares. Morgan Stanley decreased their price target on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating for the company in a report on Friday, July 11th. JPMorgan Chase & Co. decreased their price target on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating for the company in a report 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 for the company in a research note on Monday, August 4th. Finally, Loop Capital reduced their target price 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $1,069.13.

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.