UMB Bank n.a. Lowers Holdings in W.W. Grainger, Inc. $GWW

Key Points

• UMB Bank n.a. reduced its holdings in W.W. Grainger, Inc. by 4.5%, resulting in ownership of 7,791 shares worth $8,105,000 as of the last quarter.
• The company's recent quarterly earnings report showed an EPS of $9.97, which missed expectations, while revenue of $4.55 billion surpassed analyst predictions.
• W.W. Grainger announced a quarterly dividend of $2.26 per share, translating to an annualized payout of $9.04 and a dividend yield of 0.9%.

UMB Bank n.a. trimmed its holdings in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,791 shares of the industrial products company's stock after selling 366 shares during the quarter. UMB Bank n.a.'s holdings in W.W. Grainger were worth $8,105,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new position in W.W. Grainger in the first quarter valued at approximately $25,000. Nova Wealth Management Inc. purchased a new position in W.W. Grainger in the first quarter valued at $28,000. Grove Bank & Trust increased its holdings in W.W. Grainger by 52.6% in the second quarter. Grove Bank & Trust now owns 29 shares of the industrial products company's stock valued at $30,000 after buying an additional 10 shares in the last quarter. Investment Management Corp VA ADV purchased a new position in W.W. Grainger in the fourth quarter valued at $35,000. Finally, Cornerstone Planning Group LLC increased its holdings in W.W. Grainger by 34.3% in the first quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company's stock valued at $47,000 after buying an additional 12 shares in the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Trading Down 1.7%

Shares of W.W. Grainger stock opened at $988.33 on Friday. The stock has a market cap of $47.27 billion, a P/E ratio of 25.08, a P/E/G ratio of 2.92 and a beta of 1.18. The stock's 50 day simple moving average is $1,004.02 and its 200-day simple moving average is $1,018.62. W.W. Grainger, Inc. has a 1-year low of $893.99 and a 1-year 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.

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 return on equity of 49.63% and a net margin of 10.99%.The company had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter in the prior year, the firm earned $9.76 EPS. The firm's 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. Analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were issued 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 dividend yield of 0.9%. W.W. Grainger's dividend payout ratio is currently 22.94%.

Insider Activity at W.W. Grainger

In other news, SVP Jonny M. Leroy sold 500 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $992.86, for a total value of $496,430.00. Following the transaction, the senior vice president directly owned 1,771 shares in the company, valued at approximately $1,758,355.06. This represents a 22.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Royal Bank Of Canada dropped 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 report on Monday, August 4th. Loop Capital decreased their price objective on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a report on Monday, August 4th. 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. Finally, JPMorgan Chase & Co. reduced 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 report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.