TOWER TRUST & INVESTMENT Co Cuts Position in W.W. Grainger, Inc. $GWW

Key Points

• TOWER TRUST & INVESTMENT Co reduced its position in W.W. Grainger by 82.7%, leaving it with only 224 shares valued at approximately $233,000.
• W.W. Grainger reported $9.97 earnings per share for the last quarter, missing estimates, despite a 5.6% increase in revenue compared to the previous year.
• The company also announced a quarterly dividend of $2.26, with a dividend yield of 0.9% and a payout ratio of 22.94%.

TOWER TRUST & INVESTMENT Co trimmed its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 82.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 224 shares of the industrial products company's stock after selling 1,074 shares during the period. TOWER TRUST & INVESTMENT Co's holdings in W.W. Grainger were worth $233,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Fiduciary Alliance LLC purchased a new stake in shares of W.W. Grainger during the second quarter worth approximately $274,000. Focus Partners Wealth increased its stake in shares of W.W. Grainger by 7.5% during the first quarter. Focus Partners Wealth now owns 15,989 shares of the industrial products company's stock worth $15,795,000 after buying an additional 1,120 shares during the period. Golden State Wealth Management LLC increased its stake in shares of W.W. Grainger by 1,685.7% during the first quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company's stock worth $123,000 after buying an additional 118 shares during the period. Acadian Asset Management LLC increased its stake in shares of W.W. Grainger by 17.1% during the first quarter. Acadian Asset Management LLC now owns 206,593 shares of the industrial products company's stock worth $204,057,000 after buying an additional 30,208 shares during the period. Finally, Modern Wealth Management LLC increased its stake in W.W. Grainger by 157.1% in the first quarter. Modern Wealth Management LLC now owns 982 shares of the industrial products company's stock valued at $970,000 after purchasing an additional 600 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

W.W. Grainger Price Performance

GWW stock opened at $960.16 on Friday. The company has a market capitalization of $45.92 billion, a P/E ratio of 24.36, a PEG ratio of 2.76 and a beta of 1.18. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.66. The business has a 50 day simple moving average of $996.76 and a 200-day simple moving average of $1,017.50. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted 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 firm 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% compared to the same quarter last year. During the same period in the previous year, the company posted $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 year.

W.W. Grainger Announces Dividend

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

Insider Buying and Selling at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of the 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GWW. Loop Capital dropped their price target on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a research note on Monday, August 4th. Morgan Stanley dropped 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 note on Friday, July 11th. JPMorgan Chase & Co. dropped their price target on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating on the stock in a research note on Thursday, September 4th. Finally, Royal Bank Of Canada dropped their price target 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 note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $1,069.13.

W.W. Grainger Company Profile

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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