Stoneridge Investment Partners LLC Takes Position in W.W. Grainger, Inc. $GWW

Stoneridge Investment Partners LLC acquired a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,053 shares of the industrial products company’s stock, valued at approximately $1,040,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GWW. N.E.W. Advisory Services LLC bought a new position in shares of W.W. Grainger during the first quarter valued at about $25,000. Investment Management Corp VA ADV bought a new position in shares of W.W. Grainger during the fourth quarter valued at about $35,000. Cornerstone Planning Group LLC raised its stake in shares of W.W. Grainger by 34.3% during the first quarter. Cornerstone Planning Group LLC now owns 47 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 12 shares during the last quarter. Quarry LP bought a new position in shares of W.W. Grainger during the fourth quarter valued at about $54,000. Finally, Columbia River Financial Group LLC bought a new position in shares of W.W. Grainger during the first quarter valued at about $65,000. 80.70% of the stock is owned by institutional investors.

Insider Transactions at W.W. Grainger

In related news, VP Krantz Nancy L. Berardinelli sold 280 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $1,075.20, for a total value of $301,056.00. Following the sale, the vice president owned 3,369 shares in the company, valued at approximately $3,622,348.80. This trade represents a 7.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.10% of the company’s stock.

W.W. Grainger Trading Up 1.7%

NYSE:GWW opened at $994.2970 on Wednesday. The company’s 50 day moving average price is $1,022.08 and its 200-day moving average price is $1,021.22. W.W. Grainger, Inc. has a 52 week low of $893.99 and a 52 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. The stock has a market cap of $47.56 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 2.85 and a beta of 1.18.

W.W. Grainger (NYSE:GWW) last posted 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 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 analysts’ expectations of $4.52 billion. During the same quarter in the previous year, the company earned $9.76 EPS. The company’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. On average, equities research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Monday, August 11th will be issued a dividend of $2.26 per share. The ex-dividend date is 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%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Loop Capital lowered 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 note on Monday, August 4th. 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. JPMorgan Chase & Co. increased their price target on shares of W.W. Grainger from $1,100.00 to $1,125.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 27th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, W.W. Grainger has an average rating of “Hold” and an average target price of $1,080.38.

W.W. Grainger 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.