Private Wealth Asset Management LLC Buys 60 Shares of W.W. Grainger, Inc. $GWW

Private Wealth Asset Management LLC lifted its stake in shares of W.W. Grainger, Inc. (NYSE:GWWFree Report) by 51.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 177 shares of the industrial products company’s stock after acquiring an additional 60 shares during the period. Private Wealth Asset Management LLC’s holdings in W.W. Grainger were worth $185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GWW. Fiduciary Alliance LLC acquired a new stake in shares of W.W. Grainger in the 2nd quarter valued at about $274,000. Pure Financial Advisors LLC bought a new position in shares of W.W. Grainger during the second quarter worth about $287,000. J. Safra Sarasin Holding AG raised its position in W.W. Grainger by 128.8% in the 2nd 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 during the last quarter. Focus Partners Wealth lifted its stake in 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 acquiring 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% during the 1st quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 118 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GWW shares. 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. Loop Capital lowered their price target on shares of 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. Barclays began coverage on shares of W.W. Grainger in a research report on Wednesday, October 8th. They set an “underweight” rating and a $963.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of W.W. Grainger in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a “neutral” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1,053.71.

View Our Latest Report on GWW

W.W. Grainger Stock Down 0.3%

Shares of GWW stock opened at $956.40 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. The firm’s 50-day moving average is $981.66 and its 200-day moving average is $1,015.48. The stock has a market cap of $45.75 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.79 and a beta of 1.17. W.W. Grainger, Inc. has a 52-week low of $893.99 and a 52-week high of $1,227.66.

W.W. Grainger (NYSE:GWWGet Free Report) 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). 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 revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Sell-side analysts predict that W.W. Grainger, Inc. will post 40.3 EPS 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 $2.26 dividend. This represents a $9.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, August 11th. W.W. Grainger’s dividend payout ratio is 22.94%.

Insider Transactions at W.W. Grainger

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger stock in a transaction 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 transaction, 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 document filed with the SEC, which is available through this hyperlink. 6.10% of the stock is owned by corporate insiders.

About W.W. Grainger

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

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