W.W. Grainger, Inc. $GWW Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,012 shares of the industrial products company’s stock after selling 60 shares during the period. Oppenheimer Asset Management Inc.’s holdings in W.W. Grainger were worth $4,173,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nuveen LLC acquired a new position in W.W. Grainger in the first quarter valued at about $285,574,000. JPMorgan Chase & Co. lifted its holdings in shares of W.W. Grainger by 10.1% in the 1st quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company’s stock worth $812,403,000 after acquiring an additional 75,644 shares during the last quarter. Kodai Capital Management LP acquired a new position in shares of W.W. Grainger in the 1st quarter worth approximately $67,601,000. Interval Partners LP boosted its position in shares of W.W. Grainger by 1,429.9% during the 1st quarter. Interval Partners LP now owns 67,957 shares of the industrial products company’s stock worth $67,130,000 after purchasing an additional 63,515 shares during the period. Finally, Vanguard Group Inc. increased its holdings 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 purchasing an additional 57,690 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the firm’s stock in a transaction 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 sale, the senior vice president directly owned 1,771 shares in the company, valued at $1,758,355.06. This trade represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.10% of the stock is owned by company insiders.

Analyst Ratings Changes

GWW has been the topic of a number of research reports. JPMorgan Chase & Co. upped 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. Royal Bank Of Canada decreased their target price on 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. Barclays assumed coverage on W.W. Grainger in a report on Wednesday, October 8th. They set an “underweight” rating and a $963.00 target price for the company. Loop Capital cut 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, Morgan Stanley lowered their price objective on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating for the company in a research note on Friday, July 11th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $1,053.71.

W.W. Grainger Stock Down 1.5%

GWW stock opened at $963.36 on Wednesday. The company’s 50 day moving average price is $981.76 and its 200 day moving average price is $1,016.70. The firm has a market capitalization of $46.08 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 2.84 and a beta of 1.17. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,227.66. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing the consensus estimate of $10.07 by ($0.10). W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter last year, the firm earned $9.76 EPS. The company’s revenue 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. On average, equities research analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

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.