R Squared Ltd Buys Shares of 710 W.W. Grainger, Inc. $GWW

Key Points

Error: Response status code does not indicate success: 502 (Bad Gateway).

R Squared Ltd purchased a new position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 710 shares of the industrial products company's stock, valued at approximately $739,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Nuveen LLC acquired a new position in W.W. Grainger in the 1st quarter valued at approximately $285,574,000. JPMorgan Chase & Co. grew its position in W.W. Grainger by 10.1% during the 1st quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company's stock worth $812,403,000 after acquiring an additional 75,644 shares during the last quarter. Kodai Capital Management LP acquired a new stake in shares of W.W. Grainger in the first quarter valued at $67,601,000. Interval Partners LP lifted its position in shares of W.W. Grainger by 1,429.9% during the first quarter. Interval Partners LP now owns 67,957 shares of the industrial products company's stock worth $67,130,000 after purchasing an additional 63,515 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in W.W. Grainger by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company's stock valued at $5,322,801,000 after buying an additional 57,690 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GWW. JPMorgan Chase & Co. increased their price target on W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a "neutral" rating in a research note on Wednesday, October 15th. Weiss Ratings restated a "buy (b)" rating on shares of W.W. Grainger in a report on Wednesday, October 8th. Morgan Stanley cut 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 lowered their target price 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 report on Monday, August 4th. Finally, Barclays initiated coverage on shares of W.W. Grainger in a research note on Wednesday, October 8th. They issued an "underweight" rating and a $963.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, W.W. Grainger has an average rating of "Hold" and an average price target of $1,053.71.

W.W. Grainger Stock Down 0.3%

Shares of NYSE GWW opened at $965.38 on Friday. W.W. Grainger, Inc. has a 52 week low of $893.99 and a 52 week high of $1,227.66. The stock's fifty day moving average is $982.42 and its 200 day moving average is $1,015.21. 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 stock has a market capitalization of $46.17 billion, a P/E ratio of 24.50, a PEG ratio of 2.81 and a beta of 1.17.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued its quarterly 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). W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the company posted $9.76 EPS. The business'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. Sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were issued a $2.26 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. W.W. Grainger's dividend payout ratio is 22.94%.

Insider Buying and Selling at W.W. Grainger

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 shares were sold at an average price of $992.86, for a total transaction 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. The trade was a 22.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.10% of the company's stock.

About W.W. Grainger

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.