Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 15.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,014 shares of the industrial products company's stock after buying an additional 786 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in W.W. Grainger were worth $6,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new position in W.W. Grainger in the 1st quarter worth approximately $25,000. Nova Wealth Management Inc. bought a new position in W.W. Grainger in the 1st quarter worth approximately $28,000. Investment Management Corp VA ADV bought a new position in W.W. Grainger in the 4th quarter worth approximately $35,000. Cornerstone Planning Group LLC increased 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 purchasing an additional 12 shares during the period. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of W.W. Grainger during the first quarter valued at approximately $46,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently issued reports on GWW. Morgan Stanley lowered their price objective on 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 price objective on 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. JPMorgan Chase & Co. lowered their price objective 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. Finally, Loop Capital lowered their price objective on 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 analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $1,069.13.
Read Our Latest Stock Analysis on W.W. Grainger
W.W. Grainger Stock Performance
NYSE:GWW traded up $0.35 during mid-day trading on Tuesday, hitting $979.52. 25,703 shares of the stock were exchanged, compared to its average volume of 291,040. The stock has a market capitalization of $46.85 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 2.87 and a beta of 1.18. The firm's 50-day simple moving average is $1,002.47 and its 200 day simple moving average is $1,018.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. 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 announced its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 earnings per share for the quarter, missing the consensus estimate of $10.07 by ($0.10). The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. W.W. Grainger's revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, equities analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.
W.W. Grainger Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were given a dividend of $2.26 per share. The ex-dividend date was Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a yield of 0.9%. W.W. Grainger's payout ratio is currently 22.94%.
Insiders Place Their Bets
In other W.W. Grainger 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 transaction of $496,430.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 6.10% of the stock is owned by corporate insiders.
W.W. Grainger Profile
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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.
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