TD Waterhouse Canada Inc. Raises Position in W.W. Grainger, Inc. $GWW

TD Waterhouse Canada Inc. grew its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 5.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 9,479 shares of the industrial products company’s stock after acquiring an additional 454 shares during the period. TD Waterhouse Canada Inc.’s holdings in W.W. Grainger were worth $9,958,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of W.W. Grainger by 4.4% during the second quarter. Vanguard Group Inc. now owns 5,627,273 shares of the industrial products company’s stock valued at $5,853,714,000 after purchasing an additional 238,895 shares in the last quarter. Geode Capital Management LLC lifted its position in W.W. Grainger by 1.9% during the second quarter. Geode Capital Management LLC now owns 1,260,610 shares of the industrial products company’s stock valued at $1,306,289,000 after buying an additional 23,418 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of W.W. Grainger by 10.1% during the 1st quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company’s stock valued at $812,403,000 after buying an additional 75,644 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of W.W. Grainger by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 416,086 shares of the industrial products company’s stock worth $410,975,000 after buying an additional 6,797 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of W.W. Grainger by 4.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 306,829 shares of the industrial products company’s stock worth $303,095,000 after acquiring an additional 13,330 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GWW shares. Weiss Ratings downgraded shares of W.W. Grainger from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. raised their price objective on W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Barclays lifted their price objective on W.W. Grainger from $963.00 to $975.00 and gave the company an “underweight” rating in a research note on Friday, November 7th. Royal Bank Of Canada increased their target price 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. Finally, Sanford C. Bernstein started coverage on W.W. Grainger in a research report on Wednesday, November 12th. They issued a “market perform” rating and a $975.00 price target for the company. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, W.W. Grainger presently has an average rating of “Reduce” and a consensus price target of $1,018.00.

W.W. Grainger Stock Performance

GWW stock opened at $922.15 on Thursday. The stock’s 50 day simple moving average is $961.93 and its 200 day simple moving average is $1,009.66. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. W.W. Grainger, Inc. has a 12-month low of $893.99 and a 12-month high of $1,227.44. The stock has a market capitalization of $43.85 billion, a PE ratio of 23.40, a price-to-earnings-growth 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 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 49.63% and a net margin of 10.99%.The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $9.87 EPS. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. As a group, research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

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

Insider Activity at W.W. Grainger

In other news, SVP Jonny M. Leroy sold 500 shares of the business’s stock in a transaction that occurred on 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 $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is owned by corporate insiders.

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.