W.W. Grainger, Inc. $GWW Shares Bought by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs grew its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,835 shares of the industrial products company’s stock after purchasing an additional 94 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in W.W. Grainger were worth $1,909,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Checchi Capital Advisers LLC increased its position in shares of W.W. Grainger by 2.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company’s stock valued at $480,000 after purchasing an additional 10 shares during the period. Cary Street Partners Investment Advisory LLC increased its position in shares of W.W. Grainger by 3.2% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 10 shares during the period. Hemington Wealth Management increased its position in shares of W.W. Grainger by 0.9% during the 1st quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company’s stock valued at $1,125,000 after purchasing an additional 10 shares during the period. 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 period. Finally, Ridgewood Investments LLC grew its holdings in shares of W.W. Grainger by 50.0% in the 2nd quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 10 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GWW. Morgan Stanley decreased their target price 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. Royal Bank Of Canada decreased their target price on W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating on the stock in a report on Monday, August 4th. Weiss Ratings restated a “buy (b)” rating on shares of W.W. Grainger in a report on Wednesday, October 8th. Loop Capital decreased their target price 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 issued an “underweight” rating and a $963.00 target price on the stock. Two research 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 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 on Tuesday, September 9th. The stock was sold at an average price of $992.86, for a total transaction of $496,430.00. Following the transaction, the senior vice president owned 1,771 shares in the company, valued at approximately $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.10% of the company’s stock.

W.W. Grainger Stock Performance

Shares of GWW stock opened at $968.57 on Friday. W.W. Grainger, Inc. has a 1-year low of $893.99 and a 1-year high of $1,227.66. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $46.33 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 2.82 and a beta of 1.17. The stock’s fifty day simple moving average is $982.38 and its 200-day simple moving average is $1,016.22.

W.W. Grainger (NYSE:GWW) last issued 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). W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the prior year, the firm posted $9.76 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, sell-side analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were issued a dividend of $2.26 per share. The ex-dividend date was Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. W.W. Grainger’s payout ratio is currently 22.94%.

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.