Caitong International Asset Management Co. Ltd Sells 36 Shares of W.W. Grainger, Inc. $GWW

Caitong International Asset Management Co. Ltd cut its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 40.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53 shares of the industrial products company’s stock after selling 36 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in W.W. Grainger were worth $55,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GWW. Brighton Jones LLC raised its position in shares of W.W. Grainger by 46.8% during the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 102 shares during the period. GAMMA Investing LLC raised its position in shares of W.W. Grainger by 2.2% during the 1st quarter. GAMMA Investing LLC now owns 701 shares of the industrial products company’s stock valued at $692,000 after purchasing an additional 15 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of W.W. Grainger by 5.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,095 shares of the industrial products company’s stock valued at $5,033,000 after purchasing an additional 256 shares during the period. Golden State Wealth Management LLC raised 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 purchasing an additional 118 shares during the period. Finally, Perigon Wealth Management LLC raised its position in shares of W.W. Grainger by 911.6% during the 1st quarter. Perigon Wealth Management LLC now owns 2,094 shares of the industrial products company’s stock valued at $2,069,000 after purchasing an additional 1,887 shares during the period. 80.70% of the stock is currently owned by institutional investors.

Insider Activity at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger stock in a transaction dated 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 approximately $1,758,355.06. The trade was a 22.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.10% of the company’s stock.

W.W. Grainger Stock Performance

Shares of NYSE:GWW opened at $968.57 on Friday. 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 $46.33 billion, a P/E ratio of 24.58, a PEG ratio of 2.82 and a beta of 1.17. The firm has a fifty day simple moving average of $982.38 and a two-hundred day simple moving average of $1,016.22. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57.

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 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 period in the previous year, the business earned $9.76 earnings per share. The business’s quarterly revenue 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. On average, 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. Shareholders of record on Monday, August 11th were paid a $2.26 dividend. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, August 11th. W.W. Grainger’s dividend payout ratio (DPR) is presently 22.94%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GWW shares. Barclays started coverage on shares of W.W. Grainger in a research note on Wednesday, October 8th. They set an “underweight” rating and a $963.00 target price for the company. Royal Bank Of Canada cut 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. JPMorgan Chase & Co. raised 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 research note on Wednesday, October 15th. Loop Capital cut 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of W.W. Grainger in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,053.71.

About W.W. Grainger

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.