Legacy Trust Sells 168 Shares of W.W. Grainger, Inc. $GWW

Legacy Trust lessened its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,381 shares of the industrial products company’s stock after selling 168 shares during the quarter. W.W. Grainger accounts for approximately 2.4% of Legacy Trust’s investment portfolio, making the stock its 10th biggest position. Legacy Trust’s holdings in W.W. Grainger were worth $9,758,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new position in W.W. Grainger during the first quarter worth about $25,000. Hilltop National Bank bought a new position in shares of W.W. Grainger in the 2nd quarter worth $25,000. Brown Lisle Cummings Inc. lifted its holdings in shares of 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 worth $26,000 after purchasing an additional 19 shares in the last quarter. Nova Wealth Management Inc. bought a new position in shares of W.W. Grainger in the 1st quarter worth $28,000. Finally, Grove Bank & Trust lifted its stake in W.W. Grainger by 52.6% during the 2nd quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 10 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Insiders Place Their Bets

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the firm’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 transaction of $496,430.00. Following the completion of the transaction, the senior vice president owned 1,771 shares in the company, valued at $1,758,355.06. This trade represents a 22.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.10% of the stock is owned by corporate insiders.

W.W. Grainger Trading Up 0.4%

Shares of NYSE:GWW opened at $957.17 on Friday. The company has a market cap of $45.78 billion, a P/E ratio of 24.29, 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 1 year low of $893.99 and a 1 year high of $1,227.66. The stock’s fifty day moving average price is $987.72 and its 200-day moving average price is $1,017.15.

W.W. Grainger (NYSE:GWW) 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). The firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Sell-side analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on GWW. Weiss Ratings reaffirmed a “buy (b)” rating on shares of W.W. Grainger in a research report on Saturday, September 27th. Morgan Stanley dropped their price target on 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. dropped 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 report on Thursday, September 4th. Royal Bank Of Canada dropped their target price 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 decreased their price target on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating on the stock in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, W.W. Grainger has an average rating of “Hold” and a consensus target price of $1,069.13.

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.