VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 27,900 shares of the industrial products company's stock, valued at approximately $29,023,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.06% of W.W. Grainger at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in GWW. Vanguard Group Inc. raised its stake in shares of W.W. Grainger by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company's stock worth $5,322,801,000 after buying an additional 57,690 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of W.W. Grainger by 10.1% in the 1st quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company's stock worth $812,403,000 after buying an additional 75,644 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of W.W. Grainger by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 416,086 shares of the industrial products company's stock worth $410,975,000 after buying an additional 6,797 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of W.W. Grainger by 4.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 306,829 shares of the industrial products company's stock worth $303,095,000 after buying an additional 13,330 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of W.W. Grainger in the 1st quarter worth $285,574,000. Institutional investors own 80.70% of the company's stock.
W.W. Grainger Stock Performance
Shares of GWW stock opened at $956.36 on Monday. 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 current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $45.74 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 2.78 and a beta of 1.17. The stock's fifty day simple moving average is $982.04 and its 200-day simple moving average is $1,015.35.
W.W. Grainger (NYSE:GWW - Get Free Report) last issued its earnings results on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter last year, the firm earned $9.76 EPS. The business'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, sell-side analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.
W.W. Grainger Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were paid a $2.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a yield of 0.9%. W.W. Grainger's payout ratio is 22.94%.
Insider Buying and Selling
In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $992.86, for a total value of $496,430.00. Following the transaction, the senior vice president owned 1,771 shares in the company, valued at $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.10% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
GWW has been the topic of a number of recent research reports. Weiss Ratings restated a "buy (b)" rating on shares of W.W. Grainger in a report on Wednesday, October 8th. Loop Capital decreased their target price on 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 decreased their target price on W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating on the stock in a report on Friday, July 11th. JPMorgan Chase & Co. lifted their target price on W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a "neutral" rating in a report on Wednesday, October 15th. Finally, Barclays initiated coverage on W.W. Grainger in a report on Wednesday, October 8th. They issued an "underweight" rating and a $963.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $1,053.71.
Get Our Latest Report on GWW
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.
Further Reading
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