CHURCHILL MANAGEMENT Corp Has $14.24 Million Position in W.W. Grainger, Inc. $GWW

CHURCHILL MANAGEMENT Corp grew its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 3.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 13,693 shares of the industrial products company’s stock after acquiring an additional 402 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in W.W. Grainger were worth $14,244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GWW. Brighton Jones LLC increased its position in W.W. Grainger by 46.8% in the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 102 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of W.W. Grainger in the 1st quarter valued at approximately $454,000. Merit Financial Group LLC grew its stake in shares of W.W. Grainger by 124.3% in the 1st quarter. Merit Financial Group LLC now owns 848 shares of the industrial products company’s stock valued at $838,000 after buying an additional 470 shares in the last quarter. Peak Financial Advisors LLC acquired a new position in W.W. Grainger in the first quarter worth approximately $2,962,000. Finally, Matrix Trust Co raised 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 valued at $141,000 after acquiring an additional 54 shares in the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Jonny M. Leroy sold 500 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $992.86, for a total transaction of $496,430.00. Following the transaction, the senior vice president owned 1,771 shares of the company’s stock, valued at approximately $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 6.10% of the company’s stock.

W.W. Grainger Stock Down 0.8%

W.W. Grainger stock opened at $945.24 on Thursday. 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, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,227.66. The firm has a fifty day moving average price of $991.61 and a two-hundred day moving average price of $1,017.19. The firm has a market cap of $45.21 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 2.77 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last issued its quarterly 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 net margin of 10.99% and a return on equity of 49.63%. The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period in the prior year, the business posted $9.76 earnings per share. The company’s revenue for the quarter 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. As a group, analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

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. This represents a $9.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, August 11th. W.W. Grainger’s dividend payout ratio is currently 22.94%.

Analyst Upgrades and Downgrades

Several analysts have commented on GWW shares. JPMorgan Chase & Co. decreased their target price on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating for the company in a research report on Thursday, September 4th. Morgan Stanley decreased 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 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 reduced their price target on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, W.W. Grainger has an average rating of “Hold” and an average target price of $1,069.13.

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.