W.W. Grainger, Inc. $GWW Shares Sold by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC significantly reduced its stake in W.W. Grainger by 83.2%, holding only 215 shares valued at $212,000 after selling 1,065 shares.
• W.W. Grainger reported $9.97 earnings per share (EPS) for the last quarter, missing estimates by $0.10, with annual revenue rising by 5.6% year-over-year.
• Analysts have adjusted their price targets for W.W. Grainger, with a consensus target of $1,069.13 and a mixed range of ratings from "Strong Buy" to "Sell."

Teza Capital Management LLC lessened its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 83.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 215 shares of the industrial products company's stock after selling 1,065 shares during the quarter. Teza Capital Management LLC's holdings in W.W. Grainger were worth $212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GWW. N.E.W. Advisory Services LLC acquired a new position in W.W. Grainger in the 1st quarter worth about $25,000. Investment Management Corp VA ADV acquired a new position in W.W. Grainger in the 4th quarter worth about $35,000. Cornerstone Planning Group LLC raised its holdings in W.W. Grainger by 34.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company's stock worth $47,000 after purchasing an additional 12 shares during the period. Itau Unibanco Holding S.A. acquired a new position in W.W. Grainger in the 1st quarter worth about $46,000. Finally, Columbia River Financial Group LLC acquired a new position in W.W. Grainger in the 1st quarter worth about $65,000. Institutional investors and hedge funds own 80.70% of the company's stock.

Insider Transactions at W.W. Grainger

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $992.86, for a total transaction of $496,430.00. Following the completion of the sale, the senior vice president owned 1,771 shares of the company's stock, valued at $1,758,355.06. This trade represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is currently owned by company insiders.

W.W. Grainger Price Performance

Shares of NYSE:GWW traded down $9.77 during midday trading on Friday, hitting $1,004.92. The company had a trading volume of 276,533 shares, compared to its average volume of 297,168. 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 debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64. The stock has a market cap of $48.07 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 2.94 and a beta of 1.18. The business's 50-day simple moving average is $1,008.49 and its 200-day simple moving average is $1,018.82.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing the consensus estimate 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 company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period in the prior year, the business posted $9.76 EPS. W.W. Grainger's revenue for the quarter 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, 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 firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were paid 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 dividend payout ratio (DPR) is 22.94%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GWW shares. Royal Bank Of Canada reduced their price target on W.W. Grainger from $1,176.00 to $1,007.00 and set a "sector perform" rating for the company in a report on Monday, August 4th. Loop Capital reduced their price target on 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 for the company in a report on Thursday, September 4th. Finally, Morgan Stanley reduced their target price on W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating for the company in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, W.W. Grainger has a consensus rating of "Hold" and a consensus price target of $1,069.13.

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.