SOA Wealth Advisors LLC. Sells 682 Shares of W.W. Grainger, Inc. $GWW

Key Points

• SOA Wealth Advisors LLC reduced its holdings in W.W. Grainger, Inc. by 29.2%, selling 682 shares to own 1,653 shares valued at $1,719,000.
• Several hedge funds, including Vanguard Group Inc. and JPMorgan Chase & Co., have increased their stakes in W.W. Grainger, reflecting ongoing institutional interest in the stock.
• The stock reported earnings per share (EPS) of $9.97, falling short of analysts' expectations, and has a quarterly dividend yield of 1.0% with a payout ratio of 22.94%.

SOA Wealth Advisors LLC. reduced its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 29.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,653 shares of the industrial products company's stock after selling 682 shares during the quarter. SOA Wealth Advisors LLC.'s holdings in W.W. Grainger were worth $1,719,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GWW. Vanguard Group Inc. boosted its stake in shares of W.W. Grainger by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company's stock valued at $5,322,801,000 after purchasing an additional 57,690 shares in the last quarter. JPMorgan Chase & Co. boosted 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 valued at $812,403,000 after acquiring an additional 75,644 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of W.W. Grainger by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 416,086 shares of the industrial products company's stock valued at $410,975,000 after acquiring an additional 6,797 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of W.W. Grainger by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 306,829 shares of the industrial products company's stock worth $303,095,000 after purchasing an additional 13,330 shares during the last quarter. Finally, Nuveen LLC bought a new stake in W.W. Grainger during the first quarter valued at about $285,574,000. 80.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GWW. Loop Capital reduced 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. JPMorgan Chase & Co. reduced their price target on 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. Royal Bank Of Canada lowered their price objective on 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. Finally, Morgan Stanley decreased their price target on W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating for the company in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, W.W. Grainger has an average rating of "Hold" and an average price target of $1,069.13.

Insider Buying and Selling

In related news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger 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 completion of the transaction, the senior vice president owned 1,771 shares in the company, valued at $1,758,355.06. The trade was a 22.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.10% of the company's stock.

W.W. Grainger Stock Down 0.8%

W.W. Grainger stock opened at $945.24 on Thursday. The business's 50-day simple moving average is $991.61 and its two-hundred day simple moving average is $1,017.19. 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 company has a market cap of $45.21 billion, a PE ratio of 23.98, a PEG ratio of 2.77 and a beta of 1.17. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,227.66.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued its earnings results on Friday, August 1st. The industrial products company reported $9.97 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 firm had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter in the prior year, the company earned $9.76 EPS. W.W. Grainger's quarterly 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. Equities analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Shareholders 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 yield of 1.0%. 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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