Renaissance Group LLC Sells 681 Shares of W.W. Grainger, Inc. $GWW

Renaissance Group LLC trimmed its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,327 shares of the industrial products company’s stock after selling 681 shares during the quarter. Renaissance Group LLC owned 0.07% of W.W. Grainger worth $33,628,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC grew its holdings in 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 worth $319,000 after acquiring an additional 10 shares during the period. Hemington Wealth Management lifted its position in shares of W.W. Grainger by 0.9% in the first quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company’s stock valued at $1,125,000 after buying an additional 10 shares during the last quarter. Grove Bank & Trust increased its position in W.W. Grainger by 52.6% during the 2nd quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock worth $30,000 after buying an additional 10 shares during the period. Ridgewood Investments LLC increased its stake in W.W. Grainger by 50.0% during 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 period. 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 acquiring an additional 10 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Down 0.5%

Shares of NYSE:GWW opened at $918.70 on Wednesday. W.W. Grainger, Inc. has a 12 month low of $893.99 and a 12 month high of $1,227.44. 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 cap of $43.68 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 2.79 and a beta of 1.17. The company has a 50-day moving average price of $963.39 and a 200 day moving average price of $1,010.28.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Friday, October 31st. The industrial products company reported $10.21 EPS for the quarter, beating the consensus estimate of $9.95 by $0.26. The business had revenue of $4.66 billion during 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%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $9.87 earnings per share. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. As a group, equities research analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders 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 1.0%. The ex-dividend date is Monday, November 10th. W.W. Grainger’s dividend payout ratio (DPR) is presently 25.35%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GWW. Royal Bank Of Canada upped their price target on W.W. Grainger from $1,006.00 to $1,050.00 and gave the company a “sector perform” rating in a research report on Monday, November 3rd. Loop Capital lowered 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 research report on Monday, August 4th. Sanford C. Bernstein assumed coverage on W.W. Grainger in a report on Wednesday, November 12th. They set a “market perform” rating and a $975.00 target price for the company. Barclays lifted their price objective on shares of W.W. Grainger from $963.00 to $975.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. Finally, JPMorgan Chase & Co. lifted their price target on 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 analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $1,018.00.

Insider Buying and Selling at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of the firm’s 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 directly owned 1,771 shares of the company’s stock, valued at $1,758,355.06. This trade represents a 22.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 6.10% of the company’s stock.

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.