Simplicity Wealth LLC Acquires 805 Shares of W.W. Grainger, Inc. $GWW

Key Points

• Simplicity Wealth LLC increased its holdings in W.W. Grainger by 94.8% in the second quarter, acquiring an additional 805 shares, totaling 1,654 shares worth approximately $1.72 million.
• W.W. Grainger's stock has garnered mixed analyst ratings, with recent price targets reduced by JPMorgan Chase & Co. and Loop Capital, while Weiss Ratings maintained a "buy" rating.
• The company recently announced a quarterly dividend of $2.26 per share, with an annualized yield of 0.9% and a payout ratio of 22.94%.

Simplicity Wealth LLC raised its holdings in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 94.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,654 shares of the industrial products company's stock after purchasing an additional 805 shares during the period. Simplicity Wealth LLC's holdings in W.W. Grainger were worth $1,721,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GWW. N.E.W. Advisory Services LLC bought a new position in W.W. Grainger in the 1st quarter valued at about $25,000. Hilltop National Bank bought a new position in W.W. Grainger in the second quarter valued at approximately $25,000. Brown Lisle Cummings Inc. raised 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 purchasing an additional 19 shares in the last quarter. Nova Wealth Management Inc. bought a new stake in W.W. Grainger during the first quarter worth $28,000. Finally, Grove Bank & Trust boosted its holdings in shares of 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 purchasing an additional 10 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

Insider Activity at W.W. Grainger

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the company's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $992.86, for a total value of $496,430.00. Following the sale, the senior vice president owned 1,771 shares in the company, valued at approximately $1,758,355.06. The trade was a 22.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.10% of the company's stock.

Analyst Upgrades and Downgrades

GWW has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on 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. Loop Capital dropped 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 report on Monday, August 4th. Weiss Ratings restated a "buy (b)" rating on shares of W.W. Grainger in a research note on Saturday, September 27th. Morgan Stanley lowered their price objective 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 cut 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 research report on Monday, August 4th. One equities 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 issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $1,069.13.

W.W. Grainger Stock Performance

W.W. Grainger stock opened at $957.17 on Monday. The business has a 50 day moving average of $987.72 and a 200-day moving average of $1,017.45. The company has a market capitalization of $45.78 billion, a P/E ratio of 24.29, a P/E/G ratio of 2.78 and a beta of 1.17. W.W. Grainger, Inc. has a 1 year low of $893.99 and a 1 year high of $1,227.66. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted 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). W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the previous year, the firm earned $9.76 earnings per share. The company's revenue 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. On average, equities research analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were issued a dividend of $2.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $9.04 annualized dividend and a yield of 0.9%. W.W. Grainger's payout ratio is presently 22.94%.

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.

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