W.W. Grainger, Inc. $GWW Shares Sold by Marks Group Wealth Management Inc

Key Points

• Marks Group Wealth Management Inc decreased its stake in W.W. Grainger, Inc. by 3.7%, selling 347 shares during the 2nd quarter, leaving them with 8,927 shares valued at approximately $9.29 million.
• Several analysts have reduced the price targets for W.W. Grainger, with Royal Bank Of Canada lowering it to $1,007.00, while the average rating remains a "Hold" with a consensus target price of $1,069.13.
• W.W. Grainger recently reported quarterly earnings of $9.97 per share, missing estimates, but had a revenue of $4.55 billion, reflecting a 5.6% year-over-year increase.

Marks Group Wealth Management Inc decreased its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,927 shares of the industrial products company's stock after selling 347 shares during the period. Marks Group Wealth Management Inc's holdings in W.W. Grainger were worth $9,286,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GWW. N.E.W. Advisory Services LLC acquired a new position in shares of W.W. Grainger in the 1st quarter valued at $25,000. Hilltop National Bank purchased a new stake in W.W. Grainger in the 2nd quarter valued at $25,000. Brown Lisle Cummings Inc. raised its position in 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 purchasing an additional 19 shares during the last quarter. Nova Wealth Management Inc. purchased a new stake in W.W. Grainger in the 1st quarter valued at $28,000. Finally, Grove Bank & Trust raised its position in 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 purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Wall Street Analyst Weigh In

GWW has been the subject of several research reports. Royal Bank Of Canada reduced 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 report on Monday, August 4th. Weiss Ratings reiterated a "buy (b)" rating on shares of W.W. Grainger in a research report on Saturday, September 27th. Loop Capital cut 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 research report on Monday, August 4th. JPMorgan Chase & Co. cut 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 research report on Thursday, September 4th. Finally, Morgan Stanley cut their price objective 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 report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, W.W. Grainger currently has an average rating of "Hold" and a consensus target price of $1,069.13.

Insider Buying and Selling

In related news, SVP Jonny M. Leroy sold 500 shares of the firm's 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 in the company, valued at approximately $1,758,355.06. This trade represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.10% of the company's stock.

W.W. Grainger Price Performance

W.W. Grainger stock opened at $957.17 on Monday. W.W. Grainger, Inc. has a 12-month low of $893.99 and a 12-month high of $1,227.66. The stock has a market capitalization of $45.78 billion, a P/E ratio of 24.29, a P/E/G ratio of 2.78 and a beta of 1.17. The firm's 50-day moving average is $987.72 and its two-hundred day moving average is $1,017.45. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64.

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 earnings per share for the quarter, missing the consensus estimate of $10.07 by ($0.10). The company 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 company's revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Equities analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were issued a $2.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $9.04 annualized dividend and a yield of 0.9%. W.W. Grainger's dividend payout ratio (DPR) is presently 22.94%.

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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