Fifth Third Wealth Advisors LLC Has $704,000 Holdings in W.W. Grainger, Inc. $GWW

Fifth Third Wealth Advisors LLC cut its position in W.W. Grainger, Inc. (NYSE:GWW) by 3.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 677 shares of the industrial products company’s stock after selling 23 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in W.W. Grainger were worth $704,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC acquired a new position in W.W. Grainger in the second quarter valued at about $274,000. Pure Financial Advisors LLC acquired a new position in W.W. Grainger in the second quarter valued at about $287,000. J. Safra Sarasin Holding AG boosted its position in W.W. Grainger by 128.8% in the second quarter. J. Safra Sarasin Holding AG now owns 2,128 shares of the industrial products company’s stock valued at $2,214,000 after buying an additional 1,198 shares in the last quarter. Focus Partners Wealth boosted its position in W.W. Grainger by 7.5% in the first quarter. Focus Partners Wealth now owns 15,989 shares of the industrial products company’s stock valued at $15,795,000 after buying an additional 1,120 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted 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 valued at $123,000 after buying an additional 118 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Trading Down 2.3%

GWW opened at $946.61 on Monday. 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 company has a market cap of $45.28 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 2.75 and a beta of 1.17. The firm has a 50 day simple moving average of $981.31 and a 200 day simple moving average of $1,016.55. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,227.66.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share for the quarter, missing analysts’ consensus estimates of $10.07 by ($0.10). The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, sell-side analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GWW shares. Barclays started coverage on shares of W.W. Grainger in a research report on Wednesday, October 8th. They issued an “underweight” rating and a $963.00 price target on the stock. Royal Bank Of Canada dropped their target price 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. Loop Capital dropped their target price 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 dropped their target price 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of W.W. Grainger in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1,073.88.

Insider Buying and Selling at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $992.86, for a total transaction 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 $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.10% of the stock is currently owned by company insiders.

W.W. Grainger Company 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.