Phoenix Financial Ltd. Invests $230,000 in W.W. Grainger, Inc. $GWW

Phoenix Financial Ltd. purchased a new position in W.W. Grainger, Inc. (NYSE:GWW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 221 shares of the industrial products company’s stock, valued at approximately $230,000.

A number of other institutional investors have also recently made changes to their positions in GWW. Hilltop National Bank bought a new position in W.W. Grainger in the second quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new position in shares of W.W. Grainger during the 1st quarter valued at about $25,000. Brown Lisle Cummings Inc. increased its position in shares of W.W. Grainger by 316.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 19 shares during the last quarter. Nova Wealth Management Inc. bought a new position in shares of W.W. Grainger during the 1st quarter valued at about $28,000. Finally, Grove Bank & Trust increased its position in shares of 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 purchasing an additional 10 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

GWW has been the topic of a number of recent research reports. Barclays initiated 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 reaffirmed a “buy (b)” rating on shares of W.W. Grainger in a report on Wednesday, October 8th. Loop Capital reduced their target price on shares of 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. JPMorgan Chase & Co. increased their target price on shares of 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. Finally, Royal Bank Of Canada reduced their price objective on W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating on the stock in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $1,053.71.

Insider Buying and Selling at W.W. Grainger

In other news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger stock in a transaction that occurred 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 directly owned 1,771 shares in the company, valued at approximately $1,758,355.06. This trade represents a 22.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.10% of the company’s stock.

W.W. Grainger Stock Down 0.3%

Shares of W.W. Grainger stock opened at $965.38 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. W.W. Grainger, Inc. has a 52-week low of $893.99 and a 52-week high of $1,227.66. The stock has a market capitalization of $46.17 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 2.81 and a beta of 1.17. The company’s 50 day moving average price is $982.42 and its 200-day moving average price is $1,015.21.

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

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were paid a $2.26 dividend. 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 dividend payout ratio (DPR) is presently 22.94%.

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.