McElhenny Sheffield Capital Management LLC Invests $413,000 in W.W. Grainger, Inc. $GWW

Key Points

• McElhenny Sheffield Capital Management LLC invested approximately $413,000 in W.W. Grainger, purchasing 397 shares during the second quarter, highlighting growing interest in the company's stock.
• Institutional investors hold around 80.70% of W.W. Grainger's stock, with significant investments from firms like Nuveen LLC and JPMorgan Chase & Co., indicating strong institutional support.
• The stock has been rated with a consensus of "Hold" by analysts, with a current average target price of approximately $1,073.88, despite recent target price reductions from several research firms.

McElhenny Sheffield Capital Management LLC purchased a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 397 shares of the industrial products company's stock, valued at approximately $413,000.

A number of other institutional investors also recently bought and sold shares of the stock. Nuveen LLC acquired a new stake in shares of W.W. Grainger during the first quarter worth about $285,574,000. JPMorgan Chase & Co. lifted its stake in shares of W.W. Grainger by 10.1% in the 1st quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company's stock valued at $812,403,000 after purchasing an additional 75,644 shares during the period. Kodai Capital Management LP acquired a new position in shares of W.W. Grainger in the first quarter worth about $67,601,000. Interval Partners LP raised its holdings in W.W. Grainger by 1,429.9% in the 1st quarter. Interval Partners LP now owns 67,957 shares of the industrial products company's stock worth $67,130,000 after purchasing an additional 63,515 shares during the period. Finally, Vanguard Group Inc. raised its holdings in W.W. Grainger by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company's stock worth $5,322,801,000 after purchasing an additional 57,690 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at W.W. Grainger

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was 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 directly owned 1,771 shares of the company's stock, valued at $1,758,355.06. This trade represents a 22.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GWW. Weiss Ratings reaffirmed a "buy (b)" rating on shares of W.W. Grainger in a report on Wednesday. JPMorgan Chase & Co. reduced their target price on W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating for the company in a research note 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 report on Monday, August 4th. Morgan Stanley reduced their price objective 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 research report on Friday, July 11th. Finally, Royal Bank Of Canada reduced their price target 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 report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $1,073.88.

W.W. Grainger Price Performance

Shares of NYSE GWW opened at $967.17 on Friday. The firm has a 50-day simple moving average of $981.02 and a 200-day simple moving average of $1,016.44. The stock has a market capitalization of $46.26 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 2.81 and a beta of 1.17. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. 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 released 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). The business 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 was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, equities analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, August 11th. W.W. Grainger's dividend payout ratio (DPR) is currently 22.94%.

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.

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