W.W. Grainger, Inc. $GWW Shares Purchased by Courier Capital LLC

Key Points

• Courier Capital LLC increased its stake in W.W. Grainger by 19.9%, owning 1,648 shares worth approximately $1.7 million after an additional purchase of 274 shares.
• A number of research analysts have given W.W. Grainger a consensus rating of "Hold", with price targets ranging from $950 to $1,160.
• W.W. Grainger reported a quarterly earnings miss with $9.97 EPS, slightly below analysts' estimates, while its revenue for the quarter rose by 5.6% year-over-year.

Courier Capital LLC boosted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 19.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,648 shares of the industrial products company's stock after purchasing an additional 274 shares during the period. Courier Capital LLC's holdings in W.W. Grainger were worth $1,714,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new position in shares of W.W. Grainger in the 1st quarter valued at $25,000. Hilltop National Bank purchased a new position in shares of W.W. Grainger in the 2nd quarter valued at $25,000. Brown Lisle Cummings Inc. raised its stake in shares of W.W. Grainger by 316.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 19 shares during the period. Nova Wealth Management Inc. purchased a new position in shares of W.W. Grainger in the 1st quarter valued at $28,000. Finally, Grove Bank & Trust raised 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 valued at $30,000 after acquiring an additional 10 shares during the period. Hedge funds and other institutional investors own 80.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GWW shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of W.W. Grainger in a report on Wednesday, October 8th. Morgan Stanley lowered their price target on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating for the company in a report on Friday, July 11th. Barclays initiated coverage on shares of W.W. Grainger in a report on Wednesday, October 8th. They set an "underweight" rating and a $963.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating for the company in a report on Thursday, September 4th. Finally, Loop Capital decreased their price objective on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $1,073.88.

W.W. Grainger Trading Up 2.6%

Shares of NYSE:GWW opened at $960.13 on Wednesday. The company has a market cap of $45.92 billion, a PE ratio of 24.36, a P/E/G ratio of 2.72 and a beta of 1.17. The company's 50-day moving average price is $981.73 and its 200 day moving average price is $1,015.89. 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 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 released its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing analysts' consensus estimates of $10.07 by ($0.10). W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The company had revenue of $4.55 billion for 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. The firm's quarterly 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. Sell-side analysts anticipate 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 disclosed 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 annualized dividend and a dividend yield of 0.9%. W.W. Grainger's payout ratio is currently 22.94%.

Insider Activity

In other news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger stock in a transaction that occurred 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 owned 1,771 shares of the company's stock, valued at $1,758,355.06. The trade was a 22.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 6.10% of the stock is owned by corporate insiders.

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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