W.W. Grainger, Inc. $GWW Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in W.W. Grainger, Inc. by 36.6%, now owning 10,121 shares valued at approximately $10.5 million.
• W.W. Grainger recently reported an EPS of $9.97, slightly missing the consensus estimate of $10.07, while its revenue reached $4.55 billion.
• Analysts have downgraded W.W. Grainger's stock price targets, with the consensus rating now at "Hold" and a target price of $1,069.13.

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 36.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,121 shares of the industrial products company's stock after acquiring an additional 2,710 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in W.W. Grainger were worth $10,528,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new stake in shares of W.W. Grainger in the 1st quarter worth approximately $25,000. Nova Wealth Management Inc. bought a new stake in shares of W.W. Grainger in the 1st quarter worth approximately $28,000. Investment Management Corp VA ADV bought a new stake in shares of W.W. Grainger in the 4th quarter worth approximately $35,000. Itau Unibanco Holding S.A. bought a new stake in shares of W.W. Grainger in the 1st quarter worth approximately $46,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of W.W. Grainger by 34.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company's stock worth $47,000 after purchasing an additional 12 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Stock Performance

GWW stock opened at $1,013.19 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $48.46 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 2.91 and a beta of 1.18. W.W. Grainger, Inc. has a 12 month low of $893.99 and a 12 month high of $1,227.66. The firm has a 50 day moving average of $1,008.07 and a two-hundred day moving average of $1,018.89.

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

W.W. Grainger Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GWW shares. JPMorgan Chase & Co. dropped their target price on shares of 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. Loop Capital cut their price target on shares of 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 cut their price target on shares of 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, Royal Bank Of Canada cut their price target on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a "sector perform" rating on the stock in a report on Monday, August 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 given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $1,069.13.

Insider Activity

In related 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 transaction of $496,430.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.10% of the company's stock.

W.W. Grainger Company 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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