W.W. Grainger, Inc. $GWW Stake Lifted by CHURCHILL MANAGEMENT Corp

Key Points

• CHURCHILL MANAGEMENT Corp increased its stake in W.W. Grainger by 3.0%, owning 13,693 shares worth approximately $14.2 million at the end of the second quarter.
• W.W. Grainger reported $9.97 EPS for the last quarter, missing estimates, while revenue increased by 5.6% year-over-year, totaling $4.55 billion.
• The company declared a quarterly dividend of $2.26 per share, with a yield of 1.0% and a payout ratio of 22.94%.

CHURCHILL MANAGEMENT Corp lifted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,693 shares of the industrial products company's stock after acquiring an additional 402 shares during the quarter. CHURCHILL MANAGEMENT Corp's holdings in W.W. Grainger were worth $14,244,000 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. Fiduciary Alliance LLC bought a new stake in shares of W.W. Grainger in the 2nd quarter worth $274,000. Focus Partners Wealth grew its holdings in W.W. Grainger by 7.5% during the first quarter. Focus Partners Wealth now owns 15,989 shares of the industrial products company's stock worth $15,795,000 after acquiring an additional 1,120 shares during the period. Golden State Wealth Management LLC raised its position in W.W. Grainger by 1,685.7% in the first quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company's stock worth $123,000 after acquiring an additional 118 shares in the last quarter. Acadian Asset Management LLC raised its position in W.W. Grainger by 17.1% in the first quarter. Acadian Asset Management LLC now owns 206,593 shares of the industrial products company's stock worth $204,057,000 after acquiring an additional 30,208 shares in the last quarter. Finally, Modern Wealth Management LLC raised its position in W.W. Grainger by 157.1% in the first quarter. Modern Wealth Management LLC now owns 982 shares of the industrial products company's stock worth $970,000 after acquiring an additional 600 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Stock Down 0.8%

GWW stock opened at $945.24 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64. The firm has a market capitalization of $45.21 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.77 and a beta of 1.17. W.W. Grainger, Inc. has a 52-week low of $893.99 and a 52-week high of $1,227.66. The company's 50 day simple moving average is $991.61 and its 200-day simple moving average is $1,017.19.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted 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). W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period in the prior year, the business posted $9.76 EPS. The company's revenue for the quarter was up 5.6% on a year-over-year basis. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, equities research analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS 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 given a dividend of $2.26 per share. This represents a $9.04 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, August 11th. W.W. Grainger's payout ratio is presently 22.94%.

Analysts Set New Price Targets

GWW has been the subject of several research reports. Morgan Stanley reduced 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. 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. Royal Bank Of Canada cut their price objective 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. Finally, Loop Capital reduced their price objective on 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. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, W.W. Grainger currently has an average rating of "Hold" and an average target price of $1,069.13.

Insider Transactions at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of the stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.10% of the company's stock.

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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