United Services Automobile Association purchased a new position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 985 shares of the industrial products company's stock, valued at approximately $960,000.
Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC grew its stake in shares of W.W. Grainger by 1,685.7% during the 1st quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company's stock worth $123,000 after acquiring an additional 118 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of W.W. Grainger by 5.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,095 shares of the industrial products company's stock worth $5,033,000 after acquiring an additional 256 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of W.W. Grainger by 116.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,917 shares of the industrial products company's stock worth $33,506,000 after acquiring an additional 18,216 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of W.W. Grainger by 2.2% during the 1st quarter. GAMMA Investing LLC now owns 701 shares of the industrial products company's stock worth $692,000 after acquiring an additional 15 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of W.W. Grainger by 30.7% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,836 shares of the industrial products company's stock worth $6,753,000 after acquiring an additional 1,605 shares in the last quarter. 80.70% of the stock is owned by institutional investors.
Insider Activity at W.W. Grainger
In other 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 sale, the senior vice president directly owned 1,771 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through the SEC website. Insiders own 6.10% of the company's stock.
W.W. Grainger Stock Performance
W.W. Grainger stock traded up $21.26 during mid-day trading on Thursday, hitting $1,015.32. 362,349 shares of the company's stock traded hands, compared to its average volume of 289,571. The firm has a 50 day simple moving average of $1,009.41 and a two-hundred day simple moving average of $1,018.81. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,227.66. The stock has a market cap of $48.56 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 2.88 and a beta of 1.18. 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 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 for the quarter, compared to the consensus estimate of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The firm's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, research analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal 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 given a $2.26 dividend. This represents a $9.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, August 11th. W.W. Grainger's payout ratio is currently 22.94%.
Wall Street Analysts Forecast Growth
GWW has been the subject of several research reports. Loop Capital decreased their price target on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a research note on Monday, August 4th. Royal Bank Of Canada cut their price objective 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. Morgan Stanley cut their price objective 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. cut their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, W.W. Grainger currently has an average rating of "Hold" and a consensus price target of $1,069.13.
View Our Latest Stock Analysis on W.W. Grainger
W.W. Grainger Profile
(
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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