W.W. Grainger, Inc. $GWW Shares Purchased by Mogy Joel R Investment Counsel Inc.

Key Points

• Mogy Joel R Investment Counsel Inc. increased its stake in W.W. Grainger, Inc. by 4.8% during the second quarter, now holding 10,368 shares valued at approximately $10.79 million.
• W.W. Grainger's quarterly earnings report revealed $9.97 earnings per share, falling short of expectations, while the company's revenue increased by 5.6% year-over-year.
• The firm has announced a quarterly dividend of $2.26 per share, reflecting a 0.9% dividend yield and a payout ratio of 22.94%.

Mogy Joel R Investment Counsel Inc. boosted its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 4.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,368 shares of the industrial products company's stock after acquiring an additional 475 shares during the period. W.W. Grainger accounts for 0.6% of Mogy Joel R Investment Counsel Inc.'s investment portfolio, making the stock its 29th biggest position. Mogy Joel R Investment Counsel Inc.'s holdings in W.W. Grainger were worth $10,785,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GWW. Checchi Capital Advisers LLC grew its stake in shares of 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 acquiring an additional 10 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in W.W. Grainger by 3.2% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company's stock valued at $319,000 after buying an additional 10 shares during the period. Hemington Wealth Management grew its position in W.W. Grainger by 0.9% during the first quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company's stock valued at $1,125,000 after buying an additional 10 shares during the period. Crew Capital Management Ltd. grew its position in W.W. Grainger by 4.7% during the first quarter. Crew Capital Management Ltd. now owns 270 shares of the industrial products company's stock valued at $267,000 after buying an additional 12 shares during the period. Finally, Cornerstone Planning Group LLC grew its position in W.W. Grainger by 34.3% during the first quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company's stock valued at $47,000 after buying an additional 12 shares during the period. Institutional investors own 80.70% of the company's stock.

Insider Buying and Selling at W.W. Grainger

In other news, SVP Jonny M. Leroy sold 500 shares of the firm's stock in a transaction dated 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 approximately $1,758,355.06. This trade represents a 22.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.10% of the company's stock.

W.W. Grainger Price Performance

W.W. Grainger stock traded down $3.52 during mid-day trading on Monday, reaching $984.09. 145,760 shares of the company's stock traded hands, compared to its average volume of 291,387. The company has a market cap of $47.07 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 2.87 and a beta of 1.18. The stock has a 50 day moving average of $1,004.02 and a two-hundred day moving average of $1,019.01. 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 12-month low of $893.99 and a 12-month high of $1,227.66.

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 (EPS) for the quarter, missing analysts' consensus estimates of $10.07 by ($0.10). W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The business had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.52 billion. During the same period in the previous year, the company earned $9.76 EPS. W.W. Grainger's revenue for the quarter 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. Equities analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders 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 dividend payout ratio (DPR) is currently 22.94%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GWW shares. Loop Capital cut 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 report on Monday, August 4th. JPMorgan Chase & Co. dropped 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 research report on Thursday, September 4th. Morgan Stanley dropped 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 report on Friday, July 11th. Finally, Royal Bank Of Canada dropped 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 investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $1,069.13.

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.