ORG Wealth Partners LLC lifted its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 130.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 548 shares of the industrial products company's stock after acquiring an additional 310 shares during the quarter. ORG Wealth Partners LLC's holdings in W.W. Grainger were worth $578,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in GWW. N.E.W. Advisory Services LLC bought a new stake in shares of W.W. Grainger in the 1st quarter worth $25,000. Brown Lisle Cummings Inc. grew its position in W.W. Grainger by 316.7% during the second 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 period. Nova Wealth Management Inc. bought a new position in W.W. Grainger during the first quarter valued at about $28,000. Grove Bank & Trust grew its position in 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 period. Finally, Ridgewood Investments LLC grew its position in 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 period. Institutional investors own 80.70% of the company's stock.
Insider Activity
In other news, SVP Jonny M. Leroy sold 500 shares of the 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 of the company's stock, valued at approximately $1,758,355.06. This represents a 22.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 6.10% of the company's stock.
Analysts Set New Price Targets
GWW has been the subject of several research reports. Loop Capital reduced their price target 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. 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. 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 for the company in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. reduced 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. One 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 given 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.
Check Out Our Latest Report on W.W. Grainger
W.W. Grainger Price Performance
Shares of NYSE:GWW opened at $960.16 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $45.92 billion, a PE ratio of 24.36, a P/E/G ratio of 2.76 and a beta of 1.18. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.66. The company has a 50-day moving average price of $996.76 and a two-hundred day moving average price of $1,017.50.
W.W. Grainger (NYSE:GWW - Get Free Report) last issued its earnings results 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). The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.W.W. Grainger's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.76 EPS. 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 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. 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 of this dividend was Monday, August 11th. W.W. Grainger's dividend payout ratio is presently 22.94%.
About W.W. Grainger
(
Free Report)
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.
See Also
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