Mendel Money Management Reduces Stock Holdings in W.W. Grainger, Inc. $GWW

Mendel Money Management lowered its position in W.W. Grainger, Inc. (NYSE:GWW) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 396 shares of the industrial products company’s stock after selling 12 shares during the quarter. Mendel Money Management’s holdings in W.W. Grainger were worth $412,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of W.W. Grainger during the first quarter valued at $285,574,000. JPMorgan Chase & Co. boosted its stake in shares of W.W. Grainger by 10.1% during the first quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company’s stock valued at $812,403,000 after acquiring an additional 75,644 shares during the last quarter. Kodai Capital Management LP acquired a new stake in shares of W.W. Grainger during the first quarter valued at $67,601,000. Interval Partners LP boosted its stake in shares of W.W. Grainger by 1,429.9% during the first quarter. Interval Partners LP now owns 67,957 shares of the industrial products company’s stock valued at $67,130,000 after acquiring an additional 63,515 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of W.W. Grainger by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company’s stock valued at $5,322,801,000 after acquiring an additional 57,690 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays assumed coverage on W.W. Grainger in a research note on Wednesday, October 8th. They set an “underweight” rating and a $963.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of W.W. Grainger in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised 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. Morgan Stanley decreased their price target on W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating on the stock in a research note on Friday, July 11th. Finally, Loop Capital decreased 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 note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, W.W. Grainger presently has an average rating of “Hold” and a consensus target price of $1,053.71.

Insider Buying and Selling at W.W. Grainger

In other news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger stock in a transaction dated 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 of the company’s stock, valued at $1,758,355.06. The trade was a 22.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 6.10% of the stock is owned by corporate insiders.

W.W. Grainger Stock Performance

NYSE GWW opened at $963.36 on Wednesday. The firm has a market capitalization of $46.08 billion, a P/E ratio of 24.44, a P/E/G ratio of 2.84 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. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64. The business’s 50-day simple moving average is $981.76 and its 200-day simple moving average is $1,016.70.

W.W. Grainger (NYSE:GWW) last released 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). The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Equities analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Company 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.