W.W. Grainger, Inc. $GWW Shares Bought by US Bancorp DE

Key Points

• US Bancorp DE increased its stake in W.W. Grainger, Inc. by 33.8% during Q2, holding 97,519 shares valued at $101.4 million.
• Multiple institutional investors have adjusted their positions in W.W. Grainger, with hedge funds owning 80.70% of the company's stock.
• W.W. Grainger's stock has a consensus rating of "Hold" and analysts have set a consensus price target at $1,073.88.

US Bancorp DE boosted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 33.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,519 shares of the industrial products company's stock after buying an additional 24,626 shares during the period. US Bancorp DE owned 0.20% of W.W. Grainger worth $101,444,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings 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 buying an additional 102 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of W.W. Grainger by 33.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,722 shares of the industrial products company's stock worth $1,701,000 after acquiring an additional 431 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of W.W. Grainger by 2.2% during the 1st quarter. GAMMA Investing LLC now owns 701 shares of the industrial products company's stock worth $692,000 after acquiring an additional 15 shares in the last quarter. Simplicity Wealth LLC acquired a new position in shares of W.W. Grainger during the 1st quarter worth about $839,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of W.W. Grainger by 23.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 70,263 shares of the industrial products company's stock worth $69,408,000 after acquiring an additional 13,285 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.

Insider Activity

In other news, SVP Jonny M. Leroy sold 500 shares of the 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GWW shares. JPMorgan Chase & Co. lowered their price objective on W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating for the company in a research report on Thursday, September 4th. Barclays assumed coverage on W.W. Grainger in a research report on Wednesday. They issued an "underweight" rating and a $963.00 target price for the company. Royal Bank Of Canada decreased 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 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 decreased their target price on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a research report on Monday, August 4th. One 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $1,073.88.

W.W. Grainger Stock Down 0.0%

W.W. Grainger stock opened at $967.17 on Friday. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.66. The stock has a 50 day moving average of $981.02 and a two-hundred day moving average of $1,016.44. 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 stock has a market capitalization of $46.26 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 2.81 and a beta of 1.17.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued its earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.07 by ($0.10). The business had revenue of $4.55 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company posted $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, research analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Stockholders 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 dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, August 11th. W.W. Grainger's dividend payout ratio is 22.94%.

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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