W.W. Grainger, Inc. $GWW Shares Sold by GSB Wealth Management LLC

GSB Wealth Management LLC cut its position in W.W. Grainger, Inc. (NYSE:GWW) by 7.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 660 shares of the industrial products company’s stock after selling 53 shares during the quarter. GSB Wealth Management LLC’s holdings in W.W. Grainger were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new stake in W.W. Grainger in the 1st quarter valued at about $25,000. Nova Wealth Management Inc. acquired a new stake in W.W. Grainger in the 1st quarter valued at about $28,000. Grove Bank & Trust raised its position in W.W. Grainger by 52.6% in 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 in the last quarter. Ridgewood Investments LLC raised its position in W.W. Grainger by 50.0% in the 2nd quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 10 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in W.W. Grainger in the 1st quarter valued at about $46,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at W.W. Grainger

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger 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 transaction, the senior vice president directly owned 1,771 shares in the company, valued at approximately $1,758,355.06. This trade represents a 22.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

GWW has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating on the stock in a research report on Thursday, September 4th. Royal Bank Of Canada reduced their price target on W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating on the stock in a research report on Monday, August 4th. Loop Capital reduced their price target on 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. Finally, Morgan Stanley cut 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 research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, W.W. Grainger currently has an average rating of “Hold” and an average price target of $1,069.13.

W.W. Grainger Trading Down 0.7%

Shares of GWW stock opened at $980.23 on Tuesday. The business’s 50 day moving average is $1,002.47 and its two-hundred day moving average is $1,018.82. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.66. The company has a market capitalization of $46.88 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 2.87 and a beta of 1.18. 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 (NYSE:GWW) last announced its earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter last year, the business posted $9.76 earnings per share. The company’s revenue for the quarter 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. Equities analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were paid a $2.26 dividend. This represents a $9.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, August 11th. W.W. Grainger’s dividend payout ratio (DPR) is 22.94%.

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.