OLD National Bancorp IN Boosts Stock Holdings in W.W. Grainger, Inc. $GWW

OLD National Bancorp IN boosted its stake in W.W. Grainger, Inc. (NYSE:GWW) by 9.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,807 shares of the industrial products company’s stock after purchasing an additional 322 shares during the quarter. OLD National Bancorp IN’s holdings in W.W. Grainger were worth $3,960,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hilltop National Bank bought a new position in W.W. Grainger during the second quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new position in shares of W.W. Grainger during the 1st quarter valued at approximately $25,000. Brown Lisle Cummings Inc. boosted its position in shares of 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 valued at $26,000 after acquiring an additional 19 shares during the last quarter. Nova Wealth Management Inc. purchased a new position in shares of W.W. Grainger in the first quarter valued at $28,000. Finally, Grove Bank & Trust increased its position 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 last quarter. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Up 0.4%

Shares of NYSE:GWW opened at $957.17 on Monday. The firm has a market capitalization of $45.78 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 2.78 and a beta of 1.17. The business has a 50 day simple moving average of $987.72 and a two-hundred day simple moving average of $1,017.45. 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.

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 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 business had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the previous year, the company posted $9.76 earnings per share. The company’s quarterly 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, equities analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Activity at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were 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 of the company’s stock, valued at $1,758,355.06. This trade represents a 22.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.10% of the company’s stock.

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.