Rhumbline Advisers Boosts Stock Holdings in W.W. Grainger, Inc. $GWW

Rhumbline Advisers raised its position in W.W. Grainger, Inc. (NYSE:GWW) by 1.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 93,786 shares of the industrial products company’s stock after acquiring an additional 1,052 shares during the period. Rhumbline Advisers’ holdings in W.W. Grainger were worth $97,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fiduciary Alliance LLC purchased a new position in shares of W.W. Grainger during the 2nd quarter valued at $274,000. Pure Financial Advisors LLC bought a new position in W.W. Grainger in the 2nd quarter worth about $287,000. J. Safra Sarasin Holding AG raised its holdings in shares of W.W. Grainger by 128.8% in the 2nd quarter. J. Safra Sarasin Holding AG now owns 2,128 shares of the industrial products company’s stock valued at $2,214,000 after acquiring an additional 1,198 shares in the last quarter. Focus Partners Wealth increased its position in shares of W.W. Grainger by 7.5% in the first quarter. Focus Partners Wealth now owns 15,989 shares of the industrial products company’s stock worth $15,795,000 after purchasing an additional 1,120 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. raised its stake in W.W. Grainger by 7.8% in the second quarter. Resona Asset Management Co. Ltd. now owns 19,712 shares of the industrial products company’s stock valued at $20,455,000 after purchasing an additional 1,428 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Insider Activity

In related news, SVP Jonny M. Leroy sold 500 shares of the company’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 completion of 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

GWW has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of W.W. Grainger in a research note on Wednesday. Barclays upped their target price on shares of W.W. Grainger from $963.00 to $975.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. raised their price target on W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Sanford C. Bernstein assumed coverage on W.W. Grainger in a research note on Wednesday, November 12th. They set a “market perform” rating and a $975.00 price target for the company. Finally, Loop Capital reduced their price objective on 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 research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $1,018.00.

W.W. Grainger Stock Performance

NYSE GWW opened at $951.30 on Friday. The company has a 50-day simple moving average of $959.07 and a two-hundred day simple moving average of $1,008.05. W.W. Grainger, Inc. has a 12-month low of $893.99 and a 12-month high of $1,227.44. The firm has a market cap of $45.23 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 2.79 and a beta of 1.17. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57.

W.W. Grainger (NYSE:GWW) last released its earnings results on Friday, October 31st. The industrial products company reported $10.21 earnings per share for the quarter, beating analysts’ consensus estimates of $9.95 by $0.26. The company had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.64 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.W.W. Grainger’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.87 EPS. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. On average, equities analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 10th will be paid a dividend of $2.26 per share. This represents a $9.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 10th. W.W. Grainger’s dividend payout ratio is 25.35%.

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.