Brown Miller Wealth Management LLC Increases Stake in W.W. Grainger, Inc. $GWW

Brown Miller Wealth Management LLC increased its stake in W.W. Grainger, Inc. (NYSE:GWW) by 13.1% in the second quarter, Holdings Channel reports. The firm owned 285 shares of the industrial products company’s stock after purchasing an additional 33 shares during the period. Brown Miller Wealth Management LLC’s holdings in W.W. Grainger were worth $296,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Hilltop National Bank acquired a new stake in shares of W.W. Grainger during the second quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new stake in W.W. Grainger during the 1st quarter worth about $25,000. Brown Lisle Cummings Inc. lifted its position in W.W. Grainger by 316.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 19 shares during the period. Nova Wealth Management Inc. purchased a new stake in W.W. Grainger during the 1st quarter valued at about $28,000. Finally, Grove Bank & Trust increased its holdings in shares of W.W. Grainger by 52.6% in the second quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Stock Up 0.4%

GWW stock opened at $957.17 on Friday. W.W. Grainger, Inc. has a one year low of $893.99 and a one year 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. The firm’s fifty day moving average is $987.72 and its 200 day moving average is $1,017.15. The firm has a market cap of $45.78 billion, a PE ratio of 24.29, a P/E/G ratio of 2.78 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last posted its earnings results 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). 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 analysts’ expectations of $4.52 billion. During the same period in the previous year, the company earned $9.76 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, research analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.9%. W.W. Grainger’s payout ratio is 22.94%.

Analyst Upgrades and Downgrades

GWW has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of W.W. Grainger in a research report on Saturday, September 27th. Loop Capital dropped their price objective on shares of W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating on the stock in a report on Monday, August 4th. Royal Bank Of Canada cut their price objective 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. JPMorgan Chase & Co. lowered their price target on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating on the stock in a report on Thursday, September 4th. Finally, Morgan Stanley reduced their price objective on 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. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, W.W. Grainger presently has an average rating of “Hold” and an average price target of $1,069.13.

Insider Buying and Selling at W.W. Grainger

In other news, SVP Jonny M. Leroy sold 500 shares of the company’s stock in a transaction that occurred 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 $1,758,355.06. This represents a 22.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 6.10% of the stock is currently owned by insiders.

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.