XTX Topco Ltd Acquires New Shares in W.W. Grainger, Inc. $GWW

XTX Topco Ltd acquired a new position in W.W. Grainger, Inc. (NYSE:GWW) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,200 shares of the industrial products company’s stock, valued at approximately $1,248,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Hilltop National Bank bought a new stake in shares of W.W. Grainger in the second quarter worth approximately $25,000. Quaker Wealth Management LLC boosted its holdings in W.W. Grainger by 196.0% in the second quarter. Quaker Wealth Management LLC now owns 24 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 49 shares during the last quarter. Brown Lisle Cummings Inc. grew its position in W.W. Grainger by 316.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 19 shares during the period. Nova Wealth Management Inc. purchased a new stake in W.W. Grainger during the 1st quarter valued at $28,000. Finally, Grove Bank & Trust raised its stake in W.W. Grainger by 52.6% during the 2nd quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock valued at $30,000 after buying an additional 10 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GWW shares. Loop Capital dropped their price target on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating on the stock in a research note on Monday, August 4th. Morgan Stanley dropped their target price on W.W. Grainger from $1,150.00 to $1,100.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. JPMorgan Chase & Co. boosted 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 note on Wednesday, October 15th. Sanford C. Bernstein started coverage on shares of W.W. Grainger in a research report on Wednesday, November 12th. They set a “market perform” rating and a $975.00 price target for the company. Finally, Barclays raised their price objective on shares of W.W. Grainger from $963.00 to $975.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $1,009.43.

Insiders Place Their Bets

In related news, SVP Jonny M. Leroy sold 500 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $992.86, for a total value of $496,430.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.10% of the stock is owned by company insiders.

W.W. Grainger Stock Performance

NYSE:GWW opened at $948.63 on Friday. 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 stock has a 50-day simple moving average of $953.35 and a two-hundred day simple moving average of $1,004.22. The firm has a market capitalization of $45.11 billion, a PE ratio of 24.07, a P/E/G ratio of 2.79 and a beta of 1.17. W.W. Grainger, Inc. has a 52-week low of $893.99 and a 52-week high of $1,215.00.

W.W. Grainger (NYSE:GWW) last announced 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. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The company had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same period in the previous year, the company posted $9.87 EPS. The firm’s 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. Analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors 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 yield of 1.0%. The ex-dividend date is Monday, November 10th. W.W. Grainger’s dividend payout ratio is presently 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.