Sachetta LLC lowered its position in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 25.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 160 shares of the industrial products company’s stock after selling 56 shares during the quarter. Sachetta LLC’s holdings in W.W. Grainger were worth $166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of W.W. Grainger by 1.1% in the first quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company’s stock valued at $5,322,801,000 after buying an additional 57,690 shares during the period. JPMorgan Chase & Co. raised its holdings in W.W. Grainger by 10.1% during the 1st quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company’s stock worth $812,403,000 after purchasing an additional 75,644 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in W.W. Grainger by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 416,086 shares of the industrial products company’s stock worth $410,975,000 after purchasing an additional 6,797 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in W.W. Grainger by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 306,829 shares of the industrial products company’s stock worth $303,095,000 after purchasing an additional 13,330 shares during the last quarter. Finally, Nuveen LLC bought a new position in W.W. Grainger during the 1st quarter worth approximately $285,574,000. Institutional investors and hedge funds own 80.70% of the company’s stock.
Insider Activity
In related news, SVP Jonny M. Leroy sold 500 shares of the stock in a transaction on 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 directly owned 1,771 shares in the company, valued at $1,758,355.06. This trade represents a 22.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.10% of the stock is currently owned by corporate insiders.
W.W. Grainger Stock Performance
W.W. Grainger (NYSE:GWW – Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing the consensus estimate of $10.07 by ($0.10). The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, equities analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.
W.W. Grainger Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were issued a $2.26 dividend. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, August 11th. W.W. Grainger’s dividend payout ratio (DPR) is currently 22.94%.
Wall Street Analysts Forecast Growth
GWW has been the subject of several analyst reports. Morgan Stanley lowered their price target 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. Loop Capital lowered their price target on shares of W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a report 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 for the company in a report on Thursday, September 4th. Royal Bank Of Canada lowered their price target on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating for the company in a report on Monday, August 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of W.W. Grainger in a report on Saturday, September 27th. 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 one has assigned a Sell rating to the company. According to MarketBeat.com, W.W. Grainger presently has a consensus rating of “Hold” and an average target price of $1,089.71.
Read Our Latest Analysis on GWW
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.
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