W.W. Grainger, Inc. $GWW Stock Position Reduced by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in W.W. Grainger, Inc. by 48.3%, selling 16,397 shares and now holding 17,520 shares valued at approximately $18.4 million.
• W.W. Grainger's stock is currently trading at $988.33, with a 52-week range of $893.99 to $1,227.66 and a market capitalization of $47.27 billion.
• The company reported earnings of $9.97 per share for the last quarter, slightly missing analyst estimates, while also announcing a quarterly dividend of $2.26 per share.

Wealth Enhancement Advisory Services LLC decreased its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 48.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 17,520 shares of the industrial products company's stock after selling 16,397 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in W.W. Grainger were worth $18,405,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Checchi Capital Advisers LLC lifted its position in shares of W.W. Grainger by 2.1% in the first quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company's stock valued at $480,000 after acquiring an additional 10 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in shares of W.W. Grainger by 3.2% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company's stock valued at $319,000 after acquiring an additional 10 shares in the last quarter. Hemington Wealth Management lifted its position in shares of W.W. Grainger by 0.9% in the first quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company's stock valued at $1,125,000 after acquiring an additional 10 shares in the last quarter. Crew Capital Management Ltd. lifted its position in shares of W.W. Grainger by 4.7% in the first quarter. Crew Capital Management Ltd. now owns 270 shares of the industrial products company's stock valued at $267,000 after acquiring an additional 12 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in shares of 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 acquiring an additional 12 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

W.W. Grainger Stock Down 0.4%

NYSE GWW traded down $4.13 during mid-day trading on Tuesday, reaching $975.04. 97,631 shares of the company's stock traded hands, compared to its average volume of 291,428. 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 fifty day simple moving average of $1,002.47 and a 200-day simple moving average of $1,018.82. 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 cap of $46.64 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 2.87 and a beta of 1.18.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 earnings per share 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 business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter last year, the business earned $9.76 EPS. W.W. Grainger'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. As a group, equities research analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were paid a dividend of $2.26 per share. 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 dividend payout ratio (DPR) is 22.94%.

Insiders Place Their Bets

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the firm's 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 completion of the sale, the senior vice president owned 1,771 shares in the company, valued at $1,758,355.06. This trade represents a 22.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GWW has been the topic of several recent research reports. Royal Bank Of Canada reduced 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 research report on Monday, August 4th. Morgan Stanley reduced their price objective on W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating on the stock in a research report on Friday, July 11th. Loop Capital reduced their price objective on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a research report on Monday, August 4th. 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 on the stock in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, W.W. Grainger presently has an average rating of "Hold" and a consensus target price of $1,069.13.

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.