Vise Technologies Inc. Takes $1.72 Million Position in W.W. Grainger, Inc. $GWW

Vise Technologies Inc. bought a new position in W.W. Grainger, Inc. (NYSE:GWW) in the second quarter, HoldingsChannel reports. The firm bought 1,652 shares of the industrial products company’s stock, valued at approximately $1,718,000.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP increased its position in W.W. Grainger by 68.7% during the second quarter. Allworth Financial LP now owns 5,757 shares of the industrial products company’s stock valued at $5,989,000 after acquiring an additional 2,344 shares during the last quarter. Cypress Capital LLC bought a new stake in shares of W.W. Grainger in the 2nd quarter worth about $226,000. Illinois Municipal Retirement Fund boosted its stake in shares of W.W. Grainger by 5.3% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 19,370 shares of the industrial products company’s stock worth $20,149,000 after purchasing an additional 969 shares during the period. Profund Advisors LLC grew its holdings in W.W. Grainger by 29.4% during the 2nd quarter. Profund Advisors LLC now owns 617 shares of the industrial products company’s stock valued at $642,000 after purchasing an additional 140 shares during the last quarter. Finally, PFG Advisors raised its position in W.W. Grainger by 8.5% in the 2nd quarter. PFG Advisors now owns 433 shares of the industrial products company’s stock worth $450,000 after purchasing an additional 34 shares during the period. 80.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GWW. JPMorgan Chase & Co. boosted their target price 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. Weiss Ratings restated a “buy (b-)” rating on shares of W.W. Grainger in a report on Thursday, October 30th. Royal Bank Of Canada upped their price objective on W.W. Grainger from $1,006.00 to $1,050.00 and gave the company a “sector perform” rating in a research report on Monday, November 3rd. Barclays lifted their target price on W.W. Grainger from $963.00 to $975.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. Finally, Loop Capital cut their price target on shares of W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating on the stock in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1,061.57.

W.W. Grainger Trading Down 0.4%

NYSE GWW opened at $946.45 on Wednesday. W.W. Grainger, Inc. has a one year low of $893.99 and a one year high of $1,227.44. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. The company has a market capitalization of $45.00 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 2.79 and a beta of 1.17. The company’s 50-day simple moving average is $971.08 and its two-hundred day simple moving average is $1,013.92.

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

W.W. Grainger Dividend Announcement

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

Insider Activity at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was 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 sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 6.10% of the company’s stock.

About W.W. Grainger

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.