Mirae Asset Global Investments Co. Ltd. Sells 434 Shares of W.W. Grainger, Inc. $GWW

Key Points

• Mirae Asset Global Investments Co. Ltd. reduced its stake in W.W. Grainger, Inc. by 6.2%, selling 434 shares and holding 6,536 shares worth approximately $6.8 million.
• Multiple investors, including Checchi Capital Advisers and Ridgewood Investments, have recently increased their stakes in W.W. Grainger, indicating growing institutional interest.
• W.W. Grainger reported earnings per share of $9.97, missing estimates and setting FY 2025 guidance at 38.500-40.250 EPS amidst a 5.6% year-over-year revenue increase.

Mirae Asset Global Investments Co. Ltd. lowered its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,536 shares of the industrial products company's stock after selling 434 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in W.W. Grainger were worth $6,799,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Checchi Capital Advisers LLC lifted its stake in W.W. Grainger by 2.1% in the first quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company's stock worth $480,000 after purchasing an additional 10 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in shares of W.W. Grainger by 3.2% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company's stock worth $319,000 after acquiring an additional 10 shares during the last quarter. Hemington Wealth Management boosted its holdings in W.W. Grainger by 0.9% during the 1st quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company's stock valued at $1,125,000 after acquiring an additional 10 shares during the period. Grove Bank & Trust grew 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 acquiring an additional 10 shares during the last quarter. Finally, Ridgewood Investments LLC increased its stake in W.W. Grainger by 50.0% in the second quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company's stock worth $31,000 after purchasing an additional 10 shares during the period. 80.70% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Jonny M. Leroy sold 500 shares of the firm's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $992.86, for a total transaction of $496,430.00. Following the sale, the senior vice president owned 1,771 shares of the company's stock, valued at $1,758,355.06. This trade represents a 22.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GWW shares. Weiss Ratings reissued a "buy (b)" rating on shares of W.W. Grainger in a research note on Saturday, September 27th. Royal Bank Of Canada lowered their price objective 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. 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 report on Thursday, September 4th. 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 research note on Friday, July 11th. Finally, Loop Capital dropped their price objective on 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. One research 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 stock. According to data from MarketBeat, W.W. Grainger presently has an average rating of "Hold" and an average price target of $1,069.13.

W.W. Grainger Price Performance

Shares of GWW opened at $957.17 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. The company has a 50 day moving average price of $987.72 and a 200-day moving average price of $1,017.45. 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 has a market capitalization of $45.78 billion, a PE ratio of 24.29, a PEG ratio of 2.78 and a beta of 1.17.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.07 by ($0.10). The business had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The business's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. 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 disclosed a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were paid a dividend of $2.26 per share. 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 dividend payout ratio is 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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