Simon Quick Advisors LLC Acquires 52 Shares of W.W. Grainger, Inc. $GWW

Simon Quick Advisors LLC raised its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 25.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 257 shares of the industrial products company’s stock after purchasing an additional 52 shares during the quarter. Simon Quick Advisors LLC’s holdings in W.W. Grainger were worth $267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new stake in W.W. Grainger during the 1st quarter valued at $25,000. Hilltop National Bank bought a new stake in W.W. Grainger during the 2nd quarter valued at $25,000. Quaker Wealth Management LLC increased its stake in W.W. Grainger by 196.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 24 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 49 shares in the last quarter. Brown Lisle Cummings Inc. increased its stake in 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 in the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in W.W. Grainger during the 1st quarter valued at $28,000. Institutional investors own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GWW. 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 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Loop Capital cut their price objective 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. Morgan Stanley cut their price objective on shares of 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. Finally, Royal Bank Of Canada lifted their price objective on shares of W.W. Grainger from $1,006.00 to $1,050.00 and gave the stock a “sector perform” rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, W.W. Grainger currently has an average rating of “Hold” and a consensus target price of $1,059.86.

Insider Buying and Selling at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $992.86, for a total value of $496,430.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.10% of the company’s stock.

W.W. Grainger Price Performance

Shares of NYSE:GWW opened at $965.33 on Tuesday. The company’s 50-day moving average is $978.37 and its 200 day moving average is $1,015.94. 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 company has a market capitalization of $46.17 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 2.79 and a beta of 1.17. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,227.66.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Friday, October 31st. The industrial products company reported $10.21 earnings per share for the quarter, topping analysts’ consensus estimates of $9.95 by $0.26. The company had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.64 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $9.87 EPS. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. On average, equities research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 10th will be issued 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 is Monday, November 10th. W.W. Grainger’s payout ratio is 25.35%.

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.