W.W. Grainger, Inc. $GWW Shares Acquired by Blair William & Co. IL

Key Points

• Blair William & Co. IL has increased its stake in W.W. Grainger by 3.3% during the 2nd quarter, now holding 56,282 shares valued at approximately $58.55 million.
• Several analysts have recently adjusted their price targets for W.W. Grainger, with the average target set at $1,073.88, and a mixed rating distribution including one Strong Buy, three Buy, and two Sell ratings.
• W.W. Grainger reported $9.97 earnings per share for the latest quarter, slightly missing analyst estimates, while achieving a revenue of $4.55 billion, up 5.6% year-over-year.

Blair William & Co. IL grew its position in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,282 shares of the industrial products company's stock after purchasing an additional 1,822 shares during the period. Blair William & Co. IL owned approximately 0.12% of W.W. Grainger worth $58,547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GWW. Brighton Jones LLC lifted its stake in shares of W.W. Grainger by 46.8% in the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company's stock valued at $338,000 after purchasing an additional 102 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of W.W. Grainger by 15.9% in the 1st quarter. Park Avenue Securities LLC now owns 1,636 shares of the industrial products company's stock valued at $1,616,000 after purchasing an additional 224 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in shares of W.W. Grainger by 5.0% in the 1st quarter. Capital Investment Advisors LLC now owns 654 shares of the industrial products company's stock valued at $646,000 after purchasing an additional 31 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of W.W. Grainger by 33.4% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,722 shares of the industrial products company's stock valued at $1,701,000 after purchasing an additional 431 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of W.W. Grainger by 2.2% in the 1st quarter. GAMMA Investing LLC now owns 701 shares of the industrial products company's stock valued at $692,000 after purchasing an additional 15 shares in the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GWW shares. Barclays began coverage on W.W. Grainger in a research note on Wednesday. They issued an "underweight" rating and a $963.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target 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. Royal Bank Of Canada reduced their price target 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. Weiss Ratings reissued a "buy (b)" rating on shares of W.W. Grainger in a research report on Wednesday. Finally, Loop Capital reduced their price target 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. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, W.W. Grainger presently has an average rating of "Hold" and a consensus target price of $1,073.88.

W.W. Grainger Stock Performance

Shares of GWW opened at $966.42 on Thursday. The business's 50 day moving average is $982.47 and its two-hundred day moving average is $1,016.61. W.W. Grainger, Inc. has a 52-week low of $893.99 and a 52-week high of $1,227.66. The firm has a market cap of $46.22 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 2.78 and a beta of 1.17. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the firm posted $9.76 earnings per share. W.W. Grainger's revenue 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. Analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were issued a $2.26 dividend. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, August 11th. W.W. Grainger's 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 business'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 value of $496,430.00. Following the completion of the sale, the senior vice president directly owned 1,771 shares in the company, valued at approximately $1,758,355.06. The trade was a 22.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.10% of the company's stock.

About W.W. Grainger

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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