Intech Investment Management LLC Buys 457 Shares of W.W. Grainger, Inc. $GWW

Intech Investment Management LLC increased its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 16.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,278 shares of the industrial products company’s stock after purchasing an additional 457 shares during the quarter. Intech Investment Management LLC’s holdings in W.W. Grainger were worth $3,410,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GWW. Cary Street Partners Investment Advisory LLC boosted its stake in shares of W.W. Grainger by 3.2% in 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 in the last quarter. Hemington Wealth Management grew its holdings in 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 worth $1,125,000 after acquiring an additional 10 shares during the period. Grove Bank & Trust lifted its stake in W.W. Grainger by 52.6% in the second quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock valued at $30,000 after buying an additional 10 shares during the period. Ridgewood Investments LLC boosted its stake in W.W. Grainger by 50.0% during the second quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 10 shares in the last quarter. Finally, Brighton Jones LLC boosted its position in shares of W.W. Grainger by 3.3% during the 2nd quarter. Brighton Jones LLC now owns 313 shares of the industrial products company’s stock worth $326,000 after purchasing an additional 10 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Jonny M. Leroy sold 500 shares of the 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 completion of the transaction, the senior vice president owned 1,771 shares of the company’s stock, valued at approximately $1,758,355.06. This represents a 22.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

GWW has been the topic of a number of recent research reports. Weiss Ratings cut W.W. Grainger from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, November 13th. Royal Bank Of Canada increased their price objective on W.W. Grainger from $1,006.00 to $1,050.00 and gave the stock a “sector perform” rating in a research note on Monday, November 3rd. Barclays upped their price target on W.W. Grainger from $963.00 to $975.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. Sanford C. Bernstein initiated coverage on W.W. Grainger in a research note on Wednesday, November 12th. They set a “market perform” rating and a $975.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, W.W. Grainger presently has a consensus rating of “Reduce” and an average target price of $1,018.00.

W.W. Grainger Price Performance

Shares of NYSE:GWW opened at $918.70 on Wednesday. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.44. The company has a 50-day moving average price of $963.39 and a two-hundred day moving average price of $1,010.28. 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 firm has a market capitalization of $43.68 billion, a PE ratio of 23.31, a P/E/G ratio of 2.79 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last posted its 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 business had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.64 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. W.W. Grainger’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.87 EPS. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. Equities analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 10th will be paid a dividend of $2.26 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $9.04 annualized dividend and a dividend yield of 1.0%. W.W. Grainger’s payout ratio is 25.35%.

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.