Clark & Stuart Inc lessened its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 39.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 990 shares of the industrial products company's stock after selling 652 shares during the quarter. Clark & Stuart Inc's holdings in W.W. Grainger were worth $1,030,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of W.W. Grainger by 46.8% during the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company's stock valued at $338,000 after purchasing an additional 102 shares during the period. Merit Financial Group LLC lifted its holdings in shares of W.W. Grainger by 124.3% in the first quarter. Merit Financial Group LLC now owns 848 shares of the industrial products company's stock valued at $838,000 after buying an additional 470 shares during the period. Gateway Investment Advisers LLC boosted its stake in W.W. Grainger by 16.8% during the first quarter. Gateway Investment Advisers LLC now owns 1,303 shares of the industrial products company's stock valued at $1,287,000 after buying an additional 187 shares in the last quarter. Wedmont Private Capital grew its holdings in W.W. Grainger by 2.1% during the first quarter. Wedmont Private Capital now owns 717 shares of the industrial products company's stock worth $713,000 after acquiring an additional 15 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in W.W. Grainger by 15.9% during the first quarter. Park Avenue Securities LLC now owns 1,636 shares of the industrial products company's stock worth $1,616,000 after acquiring an additional 224 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have weighed in on GWW shares. 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 for the company in a report on Monday, August 4th. Morgan Stanley cut their target price 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. Loop Capital reduced their target price 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. JPMorgan Chase & Co. decreased their price target on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a "neutral" rating on the stock in a research report on Thursday, September 4th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of W.W. Grainger in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $1,089.71.
Get Our Latest Research Report on GWW
W.W. Grainger Stock Performance
Shares of GWW opened at $959.16 on Tuesday. The company has a 50-day moving average of $985.93 and a two-hundred day moving average of $1,017.36. The stock has a market cap of $45.88 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 2.78 and a beta of 1.17. 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, Inc. has a one year low of $893.99 and a one year high of $1,227.66.
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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.07 by ($0.10). W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the prior year, the firm earned $9.76 EPS. The firm's 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. On average, equities 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 issued a $2.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. W.W. Grainger's dividend payout ratio is presently 22.94%.
Insider Activity at W.W. Grainger
In other news, SVP Jonny M. Leroy sold 500 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $992.86, for a total value of $496,430.00. Following the completion of the sale, the senior vice president owned 1,771 shares of the company's stock, valued at $1,758,355.06. This trade represents a 22.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 6.10% of the stock is currently owned by company insiders.
About W.W. Grainger
(
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.
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