Nicholson Wealth Management Group LLC raised its stake in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,632 shares of the industrial products company’s stock after buying an additional 38 shares during the quarter. Nicholson Wealth Management Group LLC’s holdings in W.W. Grainger were worth $1,698,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in W.W. Grainger by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company’s stock valued at $5,322,801,000 after buying an additional 57,690 shares during the period. JPMorgan Chase & Co. increased its stake 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 worth $812,403,000 after purchasing an additional 75,644 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of W.W. Grainger by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 416,086 shares of the industrial products company’s stock worth $410,975,000 after purchasing an additional 6,797 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of W.W. Grainger by 4.5% during 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 purchasing an additional 13,330 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of W.W. Grainger during the 1st quarter worth $285,574,000. Institutional investors and hedge funds own 80.70% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on GWW. Barclays began coverage on shares of W.W. Grainger in a research note on Wednesday, October 8th. They set an “underweight” rating and a $963.00 price target on the stock. Royal Bank Of Canada dropped their price target on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating on the stock in a research note on Monday, August 4th. Weiss Ratings restated a “buy (b)” rating on shares of W.W. Grainger in a research note on Wednesday, October 8th. Loop Capital dropped their price target on shares of W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating on the stock in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a “neutral” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, W.W. Grainger presently has an average rating of “Hold” and a consensus target price of $1,053.71.
W.W. Grainger Price Performance
NYSE GWW opened at $956.36 on Friday. 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 fifty day simple moving average of $982.04 and a 200 day simple moving average of $1,015.00. The company has a market cap of $45.74 billion, a P/E ratio of 24.27, a P/E/G ratio of 2.78 and a beta of 1.17. W.W. Grainger, Inc. has a 1 year low of $893.99 and a 1 year high of $1,227.66.
W.W. Grainger (NYSE:GWW – Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.07 by ($0.10). The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.W.W. Grainger’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, sell-side analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.
W.W. Grainger Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were given a dividend of $2.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. W.W. Grainger’s dividend payout ratio is currently 22.94%.
Insider Activity at W.W. Grainger
In other news, SVP Jonny M. Leroy sold 500 shares of the company’s stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.10% of the company’s stock.
About W.W. Grainger
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.
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