W.W. Grainger, Inc. $GWW Shares Acquired by TKG Advisors LLC

TKG Advisors LLC boosted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 99.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 499 shares of the industrial products company’s stock after purchasing an additional 249 shares during the quarter. TKG Advisors LLC’s holdings in W.W. Grainger were worth $519,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new position in shares of W.W. Grainger during the first quarter valued at $25,000. Hilltop National Bank acquired a new position in W.W. Grainger during the 2nd quarter valued at about $25,000. Quaker Wealth Management LLC boosted its stake in W.W. Grainger by 196.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 24 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 49 shares during the period. Brown Lisle Cummings Inc. boosted its stake in 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 purchasing an additional 19 shares during the period. Finally, Nova Wealth Management Inc. acquired a new position in W.W. Grainger during the 1st quarter valued at about $28,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Stock Down 1.2%

GWW stock opened at $954.89 on Wednesday. W.W. Grainger, Inc. has a 12 month low of $893.99 and a 12 month high of $1,227.66. The firm has a market cap of $45.67 billion, a PE ratio of 24.23, a P/E/G ratio of 2.79 and a beta of 1.17. The firm has a 50 day simple moving average of $977.22 and a 200 day simple moving average of $1,015.60. 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 released its earnings results on Friday, October 31st. The industrial products company reported $10.21 EPS for the quarter, beating the consensus estimate of $9.95 by $0.26. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The business had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same period in the prior year, the business earned $9.87 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. Equities research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 10th will be issued a dividend of $2.26 per share. This represents a $9.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 10th. W.W. Grainger’s dividend payout ratio is currently 25.35%.

Insider Activity at W.W. Grainger

In other 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 of the company’s stock, valued at $1,758,355.06. This represents a 22.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 6.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GWW shares. Morgan Stanley reduced their price objective on W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating for the company in a research report on Friday, July 11th. JPMorgan Chase & Co. increased their price objective on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Loop Capital decreased their price objective 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. Barclays initiated coverage on W.W. Grainger in a research report on Wednesday, October 8th. They issued an “underweight” rating and a $963.00 target price for the company. Finally, Royal Bank Of Canada upped their target price on W.W. Grainger from $1,006.00 to $1,050.00 and gave the stock a “sector perform” rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, W.W. Grainger currently has a consensus rating of “Hold” and a consensus price target of $1,059.86.

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.