Trueblood Wealth Management LLC Purchases 48 Shares of W.W. Grainger, Inc. $GWW

Trueblood Wealth Management LLC boosted its position in W.W. Grainger, Inc. (NYSE:GWW) by 7.2% during the second quarter, HoldingsChannel reports. The fund owned 716 shares of the industrial products company’s stock after buying an additional 48 shares during the quarter. Trueblood Wealth Management LLC’s holdings in W.W. Grainger were worth $745,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hilltop National Bank bought a new stake in W.W. Grainger in the 2nd quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new stake in W.W. Grainger in the 1st quarter valued at about $25,000. Brown Lisle Cummings Inc. raised its stake in 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 valued at $26,000 after acquiring an additional 19 shares during the period. Nova Wealth Management Inc. bought a new stake in W.W. Grainger in the 1st quarter valued at about $28,000. Finally, Grove Bank & Trust raised its stake in W.W. Grainger by 52.6% in 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 during the period. 80.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GWW shares. JPMorgan Chase & Co. lowered their price objective on W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating on the stock in a research note on Thursday, September 4th. Morgan Stanley decreased their price target on W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating on the stock in a research report on Friday, July 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of W.W. Grainger in a research report on Saturday, September 27th. Royal Bank Of Canada decreased their price target on W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating on the stock 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 report on Monday, August 4th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1,089.71.

W.W. Grainger Stock Up 0.3%

Shares of NYSE GWW opened at $959.16 on Tuesday. W.W. Grainger, Inc. has a 12 month low of $893.99 and a 12 month high of $1,227.66. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The firm has a market capitalization 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 business has a 50-day moving average of $985.93 and a 200-day moving average of $1,017.36.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing the consensus estimate 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 business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the previous year, the firm posted $9.76 EPS. The firm’s revenue for the quarter 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. Sell-side analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend was Monday, August 11th. This represents a $9.04 annualized dividend and a dividend yield of 0.9%. W.W. Grainger’s payout ratio is presently 22.94%.

Insider Activity at W.W. Grainger

In other news, SVP Jonny M. Leroy sold 500 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.10% of the company’s stock.

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.