303 Shares in W.W. Grainger, Inc. $GWW Purchased by GC Wealth Management RIA LLC

GC Wealth Management RIA LLC purchased a new position in shares of W.W. Grainger, Inc. (NYSE:GWW) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 303 shares of the industrial products company’s stock, valued at approximately $315,000.

A number of other institutional investors have also recently modified their holdings of GWW. Brighton Jones LLC grew its holdings in W.W. Grainger by 46.8% during the fourth quarter. Brighton Jones LLC now owns 320 shares of the industrial products company’s stock worth $338,000 after acquiring an additional 102 shares during the period. NBC Securities Inc. acquired a new position in W.W. Grainger during the first quarter worth $454,000. Merit Financial Group LLC grew its holdings in W.W. Grainger by 124.3% during the first quarter. Merit Financial Group LLC now owns 848 shares of the industrial products company’s stock worth $838,000 after acquiring an additional 470 shares during the period. Peak Financial Advisors LLC acquired a new position in W.W. Grainger during the first quarter worth $2,962,000. Finally, Matrix Trust Co grew its position in W.W. Grainger by 60.7% during the first quarter. Matrix Trust Co now owns 143 shares of the industrial products company’s stock worth $141,000 after buying an additional 54 shares during the period. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at W.W. Grainger

In other news, SVP Jonny M. Leroy sold 500 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were 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 represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GWW has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of 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. Morgan Stanley lowered their target price on shares of 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. Royal Bank Of Canada lowered their target price 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 report on Monday, August 4th. Finally, Loop Capital lowered their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, W.W. Grainger currently has a consensus rating of “Hold” and an average price target of $1,069.13.

W.W. Grainger Stock Down 0.8%

GWW stock opened at $945.24 on Thursday. The company’s 50 day simple moving average is $991.61 and its 200-day simple moving average is $1,017.19. The firm has a market capitalization of $45.21 billion, a PE ratio of 23.98, a P/E/G ratio of 2.77 and a beta of 1.17. W.W. Grainger, Inc. has a 12 month low of $893.99 and a 12 month 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.

W.W. Grainger (NYSE:GWW) last released 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). The business 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 firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Equities analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were given a $2.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $9.04 annualized dividend and a dividend yield of 1.0%. W.W. Grainger’s dividend payout ratio is currently 22.94%.

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.