W.W. Grainger, Inc. $GWW Holdings Decreased by State of Alaska Department of Revenue

Key Points

• The State of Alaska Department of Revenue decreased its stake in W.W. Grainger, Inc. by 5.6%, owning 4,898 shares valued at approximately $5.1 million after selling 290 shares in the second quarter.
• W.W. Grainger reported a quarterly EPS of $9.97, falling short of the consensus estimate by $0.10, but revenue increased by 5.6% year-over-year to $4.55 billion.
• W.W. Grainger announced a $2.26 quarterly dividend, with an annualized yield of 0.9% and a payout ratio of 22.94%.

State of Alaska Department of Revenue reduced its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 5.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,898 shares of the industrial products company's stock after selling 290 shares during the quarter. State of Alaska Department of Revenue's holdings in W.W. Grainger were worth $5,095,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GWW. Checchi Capital Advisers LLC increased its stake 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 valued at $480,000 after acquiring an additional 10 shares during the period. Cary Street Partners Investment Advisory LLC increased its position in shares of W.W. Grainger by 3.2% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company's stock valued at $319,000 after purchasing an additional 10 shares during the period. Hemington Wealth Management grew its holdings in 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 period. Grove Bank & Trust grew its stake in shares of W.W. Grainger by 52.6% in the 2nd quarter. Grove Bank & Trust now owns 29 shares of the industrial products company's stock worth $30,000 after purchasing an additional 10 shares during the last quarter. Finally, Ridgewood Investments LLC grew its position 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 buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

W.W. Grainger Price Performance

Shares of GWW opened at $960.16 on Monday. The company has a market capitalization of $45.92 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 2.79 and a beta of 1.18. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week 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. The business's 50-day moving average is $996.76 and its 200-day moving average is $1,018.29.

W.W. Grainger (NYSE:GWW - Get Free Report) last released 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 company had revenue of $4.55 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Equities research analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were paid a $2.26 dividend. The ex-dividend date of this dividend 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 22.94%.

Insider Buying and Selling at W.W. Grainger

In other news, SVP Jonny M. Leroy sold 500 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $1,758,355.06. This represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GWW shares. Loop Capital dropped their price target 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. Royal Bank Of Canada cut their target price 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 cut 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 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 on the stock in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.

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