Envestnet Portfolio Solutions Inc. decreased its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 38.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,612 shares of the industrial products company's stock after selling 990 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in W.W. Grainger were worth $1,677,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Sequoia Financial Advisors LLC boosted its holdings in shares of W.W. Grainger by 8.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,459 shares of the industrial products company's stock valued at $1,517,000 after buying an additional 109 shares in the last quarter. Vest Financial LLC boosted its holdings in shares of W.W. Grainger by 10.1% in the 2nd quarter. Vest Financial LLC now owns 54,048 shares of the industrial products company's stock valued at $56,223,000 after buying an additional 4,975 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of W.W. Grainger by 2.8% in the 2nd quarter. Yousif Capital Management LLC now owns 14,263 shares of the industrial products company's stock valued at $14,837,000 after buying an additional 395 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of W.W. Grainger by 1.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,761 shares of the industrial products company's stock valued at $5,009,000 after buying an additional 66 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of W.W. Grainger by 4.0% in the 2nd quarter. CWM LLC now owns 1,942 shares of the industrial products company's stock valued at $2,020,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.
W.W. Grainger Stock Up 0.2%
Shares of W.W. Grainger stock opened at $956.36 on Friday. The company has a market cap of $45.74 billion, a P/E ratio of 24.27, a PEG ratio of 2.78 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. W.W. Grainger, Inc. has a one year low of $893.99 and a one year high of $1,227.66. The firm has a fifty day moving average of $982.04 and a two-hundred day moving average of $1,015.00.
W.W. Grainger (NYSE:GWW - Get Free Report) last announced its quarterly earnings data 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). The firm 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 firm's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.
W.W. Grainger Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were given a dividend of $2.26 per share. The ex-dividend date was Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a yield of 0.9%. W.W. Grainger's dividend payout ratio is presently 22.94%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on GWW shares. Royal Bank Of Canada decreased their price target on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a "sector perform" rating for the company in a research note on Monday, August 4th. Barclays started coverage on shares of W.W. Grainger in a research note on Wednesday, October 8th. They set an "underweight" rating and a $963.00 price target for the company. Loop Capital decreased their price target on shares of W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating for the company in a research note on Monday, August 4th. Weiss Ratings reiterated a "buy (b)" rating on shares of W.W. Grainger in a research note on Wednesday, October 8th. Finally, Morgan Stanley decreased 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 research note on Friday, July 11th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $1,053.71.
Check Out Our Latest Analysis on W.W. Grainger
Insider Buying and Selling
In other news, SVP Jonny M. Leroy sold 500 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $992.86, for a total value of $496,430.00. Following the completion of the transaction, the senior vice president owned 1,771 shares in the company, valued at $1,758,355.06. This trade represents a 22.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.10% of the company's stock.
W.W. Grainger Company Profile
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Free Report)
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.
See Also
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