NBT Bank N A NY Decreases Stock Position in W.W. Grainger, Inc. $GWW

NBT Bank N A NY lessened its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,964 shares of the industrial products company’s stock after selling 116 shares during the period. NBT Bank N A NY’s holdings in W.W. Grainger were worth $8,284,000 at the end of the most recent quarter.

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

W.W. Grainger Price Performance

GWW opened at $959.41 on Wednesday. The business’s 50-day moving average is $984.04 and its two-hundred day moving average is $1,016.96. 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 firm has a market capitalization of $45.89 billion, a PE ratio of 24.34, a price-to-earnings-growth 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 net margin of 10.99% and a return on equity of 49.63%. The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter last year, the firm earned $9.76 EPS. W.W. Grainger’s revenue for the quarter 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. Research analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were paid a $2.26 dividend. This represents a $9.04 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, August 11th. W.W. Grainger’s payout ratio is 22.94%.

Analysts Set New Price Targets

GWW has been the topic of a number of recent analyst reports. Loop Capital reduced their target price 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. Royal Bank Of Canada reduced 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. JPMorgan Chase & Co. reduced their target price on W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating on the stock in a research note on Thursday, September 4th. Weiss Ratings restated a “buy (b)” rating on shares of W.W. Grainger in a research note on Saturday, September 27th. Finally, Morgan Stanley cut 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. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1,089.71.

Insider Transactions at W.W. Grainger

In other W.W. Grainger 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 owned 1,771 shares in the company, valued at $1,758,355.06. The trade was 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 at the SEC website. 6.10% of the stock is owned by company insiders.

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.