Stratos Wealth Partners LTD. Sells 21 Shares of W.W. Grainger, Inc. $GWW

Stratos Wealth Partners LTD. trimmed its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 2.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 928 shares of the industrial products company’s stock after selling 21 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in W.W. Grainger were worth $966,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fiduciary Alliance LLC bought a new position in W.W. Grainger in the 2nd quarter worth approximately $274,000. Pure Financial Advisors LLC bought a new position in shares of W.W. Grainger during the 2nd quarter valued at approximately $287,000. J. Safra Sarasin Holding AG boosted its position in shares of W.W. Grainger by 128.8% during 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 acquiring an additional 1,198 shares during the last quarter. Focus Partners Wealth boosted its position in shares of W.W. Grainger by 7.5% during 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 during the last quarter. Finally, Golden State Wealth Management LLC boosted its position in shares of 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 valued at $123,000 after acquiring an additional 118 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Stock Performance

GWW stock opened at $972.33 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. The business’s fifty day simple moving average is $982.90 and its two-hundred day simple moving average is $1,015.25. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.66. The firm has a market cap of $46.51 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 2.82 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last released its 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). 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 during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the previous year, the business earned $9.76 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. 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 earnings per share for the current year.

W.W. Grainger Announces Dividend

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

Insiders Place Their Bets

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

GWW has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of W.W. Grainger in a research report on Wednesday, October 8th. 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 report on Friday, July 11th. JPMorgan Chase & Co. increased their price target on W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. 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 report on Monday, August 4th. Finally, Barclays began coverage on W.W. Grainger in a report on Wednesday, October 8th. They set an “underweight” rating and a $963.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $1,053.71.

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.