Trust Co. of Toledo NA OH Sells 1,062 Shares of W.W. Grainger, Inc. $GWW

Trust Co. of Toledo NA OH cut its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 88.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144 shares of the industrial products company's stock after selling 1,062 shares during the period. Trust Co. of Toledo NA OH's holdings in W.W. Grainger were worth $150,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Aberdeen Group plc lifted its stake in W.W. Grainger by 16.0% during the 2nd quarter. Aberdeen Group plc now owns 45,610 shares of the industrial products company's stock valued at $47,445,000 after acquiring an additional 6,280 shares in the last quarter. PDS Planning Inc lifted its stake in W.W. Grainger by 4.8% during the 2nd quarter. PDS Planning Inc now owns 519 shares of the industrial products company's stock valued at $540,000 after acquiring an additional 24 shares in the last quarter. McKinley Carter Wealth Services Inc. lifted its stake in W.W. Grainger by 5.9% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 10,863 shares of the industrial products company's stock valued at $11,300,000 after acquiring an additional 608 shares in the last quarter. Callan Family Office LLC increased its position in shares of W.W. Grainger by 61.4% during the 2nd quarter. Callan Family Office LLC now owns 7,477 shares of the industrial products company's stock valued at $7,778,000 after purchasing an additional 2,845 shares during the last quarter. Finally, Blair William & Co. IL increased its position in shares of W.W. Grainger by 3.3% during the 2nd quarter. Blair William & Co. IL now owns 56,282 shares of the industrial products company's stock valued at $58,547,000 after purchasing an additional 1,822 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Trading Down 2.3%

Shares of GWW opened at $946.61 on Friday. The business has a 50-day moving average of $981.31 and a 200 day moving average of $1,016.34. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,227.66. The firm has a market cap of $45.28 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 2.75 and a beta of 1.17. 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 (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). W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The firm had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same period last year, the business posted $9.76 EPS. 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. As a group, research analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Investors 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 annualized dividend and a yield of 1.0%. W.W. Grainger's dividend payout ratio (DPR) is 22.94%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GWW. JPMorgan Chase & Co. decreased their target price 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. Morgan Stanley decreased 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 research report on Friday, July 11th. Royal Bank Of Canada decreased their target price 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. Barclays began coverage on W.W. Grainger in a research report on Wednesday. They set an "underweight" rating and a $963.00 target price for the company. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of W.W. Grainger in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $1,073.88.

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 completion of the transaction, the senior vice president owned 1,771 shares of the company's stock, valued at $1,758,355.06. The trade was a 22.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.10% of the stock is owned by insiders.

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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