Tower View Wealth Management LLC Invests $110,000 in W.W. Grainger, Inc. $GWW

Tower View Wealth Management LLC acquired a new position in shares of W.W. Grainger, Inc. (NYSE:GWW) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 106 shares of the industrial products company’s stock, valued at approximately $110,000.

A number of other large investors also recently modified their holdings of GWW. N.E.W. Advisory Services LLC acquired a new position in shares of W.W. Grainger during the 1st quarter worth about $25,000. Brown Lisle Cummings Inc. boosted its stake 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 worth $26,000 after buying an additional 19 shares during the last quarter. Nova Wealth Management Inc. acquired a new position in shares of W.W. Grainger during the 1st quarter worth about $28,000. Grove Bank & Trust boosted its stake in shares of W.W. Grainger by 52.6% during the 2nd quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock worth $30,000 after buying an additional 10 shares during the last quarter. Finally, Ridgewood Investments LLC boosted its stake in shares of W.W. Grainger by 50.0% during the 2nd quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company’s stock worth $31,000 after buying an additional 10 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Trading Up 1.1%

Shares of GWW stock opened at $953.95 on Friday. The firm has a 50 day moving average price of $989.65 and a two-hundred day moving average price of $1,017.03. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $45.63 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 2.74 and a beta of 1.17. W.W. Grainger, Inc. has a 12-month low of $893.99 and a 12-month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data 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). 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 company’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

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

Insider Transactions at W.W. Grainger

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the firm’s stock in a transaction that occurred 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 trade represents a 22.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GWW. Royal Bank Of Canada cut their target price 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 research note on Monday, August 4th. Morgan Stanley cut their target price 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. JPMorgan Chase & Co. cut 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 note on Thursday, September 4th. Finally, Loop Capital cut their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, W.W. Grainger has a consensus 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.