Northside Capital Management LLC Takes Position in W.W. Grainger, Inc. $GWW

Key Points

• Northside Capital Management LLC acquired a new stake in W.W. Grainger, purchasing 716 shares valued at approximately $745,000 during Q2.
• Wall Street analysts have lowered their price targets for W.W. Grainger, with recommendations ranging from "Strong Buy" to "Sell," resulting in a consensus rating of "Hold" and an average target price of $1,069.13.
• W.W. Grainger recently announced a quarterly dividend of $2.26 per share, reflecting an annualized dividend yield of 0.9% and a payout ratio of 22.94%.

Northside Capital Management LLC acquired a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 716 shares of the industrial products company's stock, valued at approximately $745,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new stake in shares of W.W. Grainger during the first quarter valued at approximately $25,000. Nova Wealth Management Inc. bought a new stake in shares of W.W. Grainger during the first quarter valued at approximately $28,000. Grove Bank & Trust raised its position in shares of W.W. Grainger by 52.6% during the second 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. Ridgewood Investments LLC raised its position in shares of W.W. Grainger by 50.0% during the second quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company's stock valued at $31,000 after buying an additional 10 shares during the last quarter. Finally, Cornerstone Planning Group LLC raised its position in shares of 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 last quarter. Institutional investors own 80.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective 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 reduced their price target on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating on the stock in a research report on Friday, July 11th. 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 on the stock in a research report on Monday, August 4th. Finally, Loop Capital reduced their price target on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $1,069.13.

Insider Activity

In other news, SVP Jonny M. Leroy sold 500 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were 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. The trade was a 22.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.10% of the company's stock.

W.W. Grainger Trading Down 0.4%

GWW stock opened at $974.99 on Wednesday. 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 twelve month low of $893.99 and a twelve month high of $1,227.66. The stock has a market capitalization of $46.63 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 2.84 and a beta of 1.18. The firm's fifty day simple moving average is $1,001.16 and its two-hundred day simple moving average is $1,018.52.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted its quarterly earnings data 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 net margin of 10.99% and a return on equity of 49.63%. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the firm earned $9.76 EPS. 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. As a group, analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 1st. Stockholders 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 of this dividend was Monday, August 11th. W.W. Grainger's payout ratio 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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