McKinley Carter Wealth Services Inc. Has $11.30 Million Position in W.W. Grainger, Inc. $GWW

Key Points

• McKinley Carter Wealth Services Inc. increased its stake in W.W. Grainger, Inc. by 5.9%, bringing their total holdings to approximately $11.3 million at the end of the second quarter.
• W.W. Grainger reported earnings of $9.97 per share for the last quarter, which was below the analysts' consensus estimate of $10.07, although revenue increased by 5.6% year-over-year.
• Analysts have set a consensus target price for W.W. Grainger at $1,073.88, with a mix of ratings ranging from "Strong Buy" to "Sell" influenced by recent target price adjustments.

McKinley Carter Wealth Services Inc. lifted its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,863 shares of the industrial products company's stock after purchasing an additional 608 shares during the quarter. McKinley Carter Wealth Services Inc.'s holdings in W.W. Grainger were worth $11,300,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GWW. N.E.W. Advisory Services LLC acquired a new stake in W.W. Grainger in the 1st quarter valued at approximately $25,000. Hilltop National Bank acquired a new stake in W.W. Grainger in the 2nd quarter valued at approximately $25,000. Brown Lisle Cummings Inc. raised its position in W.W. Grainger by 316.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company's stock valued at $26,000 after buying an additional 19 shares during the last quarter. Nova Wealth Management Inc. acquired a new stake in W.W. Grainger in the 1st quarter valued at approximately $28,000. Finally, Grove Bank & Trust raised its position in W.W. Grainger by 52.6% in the 2nd quarter. Grove Bank & Trust now owns 29 shares of the industrial products company's stock valued at $30,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GWW shares. JPMorgan Chase & Co. dropped 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. Barclays initiated coverage on W.W. Grainger in a research report on Wednesday. They issued an "underweight" rating and a $963.00 target price on the stock. Weiss Ratings restated a "buy (b)" rating on shares of W.W. Grainger in a research note on Wednesday. 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 research note on Monday, August 4th. Finally, Morgan Stanley decreased their price target on W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating for the company in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $1,073.88.

W.W. Grainger Stock Performance

Shares of NYSE GWW opened at $967.17 on Friday. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. W.W. Grainger, Inc. has a 12 month low of $893.99 and a 12 month high of $1,227.66. The stock has a 50 day moving average of $981.02 and a 200-day moving average of $1,016.44. The company has a market capitalization of $46.26 billion, a P/E ratio of 24.54, a P/E/G ratio of 2.81 and a beta of 1.17.

W.W. Grainger (NYSE:GWW - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The business's revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, equities research analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

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

Insiders Place Their Bets

In related news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, September 9th. The stock was 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 directly owned 1,771 shares of the company's stock, valued at approximately $1,758,355.06. This trade represents a 22.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 6.10% of the company's stock.

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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