Chicago Capital LLC Grows Stock Position in W.W. Grainger, Inc. $GWW

Chicago Capital LLC lifted its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 9.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,259 shares of the industrial products company’s stock after purchasing an additional 376 shares during the period. Chicago Capital LLC’s holdings in W.W. Grainger were worth $4,431,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fiduciary Alliance LLC purchased a new position in shares of W.W. Grainger in the 2nd quarter valued at about $274,000. Focus Partners Wealth increased its stake in shares of W.W. Grainger by 7.5% in the 1st quarter. Focus Partners Wealth now owns 15,989 shares of the industrial products company’s stock valued at $15,795,000 after purchasing an additional 1,120 shares in the last quarter. Golden State Wealth Management LLC increased its stake in shares of W.W. Grainger by 1,685.7% in the 1st quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 118 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of W.W. Grainger by 17.1% in the 1st quarter. Acadian Asset Management LLC now owns 206,593 shares of the industrial products company’s stock valued at $204,057,000 after purchasing an additional 30,208 shares in the last quarter. Finally, Modern Wealth Management LLC increased its stake in shares of W.W. Grainger by 157.1% in the 1st quarter. Modern Wealth Management LLC now owns 982 shares of the industrial products company’s stock valued at $970,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Insider Buying and Selling at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 1,771 shares in the company, valued at approximately $1,758,355.06. This represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price target on W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating for the company in a research note on Thursday, September 4th. Morgan Stanley cut their price objective on 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 cut 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. Finally, 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 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 assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, W.W. Grainger presently has an average rating of “Hold” and an average target price of $1,069.13.

W.W. Grainger Trading Down 1.3%

Shares of W.W. Grainger stock opened at $947.58 on Tuesday. The stock has a market cap of $45.32 billion, a P/E ratio of 24.04, a P/E/G ratio of 2.79 and a beta of 1.18. The stock’s 50 day simple moving average is $995.26 and its 200-day simple moving average is $1,018.15. W.W. Grainger, Inc. has a 1-year low of $893.99 and a 1-year high of $1,227.66. 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) last issued its earnings results 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 analyst estimates 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 for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were issued a dividend of $2.26 per share. This represents a $9.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, August 11th. W.W. Grainger’s payout ratio is currently 22.94%.

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.