Vontobel Holding Ltd. Purchases 20,443 Shares of W.W. Grainger, Inc. $GWW

Vontobel Holding Ltd. lifted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 57.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,303 shares of the industrial products company's stock after purchasing an additional 20,443 shares during the quarter. Vontobel Holding Ltd. owned 0.12% of W.W. Grainger worth $58,569,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Checchi Capital Advisers LLC raised its position in shares of W.W. Grainger by 2.1% during the first quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company's stock worth $480,000 after acquiring an additional 10 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of W.W. Grainger by 3.2% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company's stock worth $319,000 after acquiring an additional 10 shares during the last quarter. Hemington Wealth Management raised its position in shares of W.W. Grainger by 0.9% during the first quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company's stock worth $1,125,000 after acquiring an additional 10 shares during the last quarter. 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 worth $30,000 after purchasing an additional 10 shares in the last quarter. Finally, Ridgewood Investments LLC increased its holdings in W.W. Grainger by 50.0% in the second quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company's stock worth $31,000 after purchasing an additional 10 shares in the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GWW has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered 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. Morgan Stanley lowered 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. Royal Bank Of Canada lowered 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 report on Monday, August 4th. Barclays initiated coverage on W.W. Grainger in a report on Wednesday. They issued an "underweight" rating and a $963.00 target price for the company. Finally, Loop Capital lowered their target price on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $1,073.88.

W.W. Grainger Trading Up 0.8%

Shares of W.W. Grainger stock opened at $966.42 on Thursday. 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, Inc. has a 52 week low of $893.99 and a 52 week high of $1,227.66. The stock has a 50 day moving average price of $982.47 and a two-hundred day moving average price of $1,016.61. The stock has a market capitalization of $46.22 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 2.78 and a beta of 1.17.

W.W. Grainger (NYSE:GWW - Get Free Report) last announced its earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.07 by ($0.10). The company had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The firm's quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $9.76 EPS. 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 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

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

Insider Activity

In related news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.10% of the stock is currently owned by insiders.

W.W. Grainger 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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