Concurrent Investment Advisors LLC Buys 209 Shares of W.W. Grainger, Inc. $GWW

Concurrent Investment Advisors LLC grew its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 54.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 590 shares of the industrial products company’s stock after purchasing an additional 209 shares during the period. Concurrent Investment Advisors LLC’s holdings in W.W. Grainger were worth $613,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Johnson Investment Counsel Inc. increased its holdings in W.W. Grainger by 0.8% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,786 shares of the industrial products company’s stock worth $1,858,000 after purchasing an additional 15 shares in the last quarter. Bey Douglas LLC increased its holdings in W.W. Grainger by 34.5% during the 2nd quarter. Bey Douglas LLC now owns 5,320 shares of the industrial products company’s stock worth $5,534,000 after purchasing an additional 1,366 shares in the last quarter. Aberdeen Group plc increased its holdings in W.W. Grainger by 16.0% during the 2nd quarter. Aberdeen Group plc now owns 45,610 shares of the industrial products company’s stock worth $47,445,000 after purchasing an additional 6,280 shares in the last quarter. PDS Planning Inc increased its holdings in W.W. Grainger by 4.8% during the 2nd quarter. PDS Planning Inc now owns 519 shares of the industrial products company’s stock worth $540,000 after purchasing an additional 24 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. increased its holdings in W.W. Grainger by 5.9% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 10,863 shares of the industrial products company’s stock worth $11,300,000 after purchasing an additional 608 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the stock in a transaction on Tuesday, September 9th. The stock was 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 approximately $1,758,355.06. This represents a 22.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.10% of the company’s stock.

W.W. Grainger Price Performance

Shares of NYSE GWW opened at $956.36 on Friday. The stock has a fifty day simple moving average of $982.04 and a two-hundred day simple moving average of $1,015.00. W.W. Grainger, Inc. has a 1-year low of $893.99 and a 1-year high of $1,227.66. The firm has a market cap of $45.74 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 2.78 and a beta of 1.17. 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 quarterly earnings data 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 firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the company posted $9.76 earnings per share. W.W. Grainger’s revenue for the quarter was up 5.6% on a year-over-year basis. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Analysts anticipate 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 was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were issued a dividend of $2.26 per share. This represents a $9.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, August 11th. W.W. Grainger’s dividend payout ratio is 22.94%.

Wall Street Analyst Weigh In

A number of analysts have commented on GWW shares. Weiss Ratings reissued a “buy (b)” rating on shares of W.W. Grainger in a report on Wednesday, October 8th. Barclays began coverage on W.W. Grainger in a report on Wednesday, October 8th. They issued an “underweight” rating and a $963.00 target price for the company. Morgan Stanley reduced their target price on W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating for the company in a report on Friday, July 11th. Royal Bank Of Canada reduced their target price on W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating for the company in a report on Monday, August 4th. Finally, Loop Capital reduced their target price on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, W.W. Grainger presently has a consensus rating of “Hold” and an average target price of $1,053.71.

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.