W.W. Grainger, Inc. $GWW Stake Trimmed by TD Private Client Wealth LLC

TD Private Client Wealth LLC lowered its stake in W.W. Grainger, Inc. (NYSE:GWW) by 12.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 173 shares of the industrial products company’s stock after selling 25 shares during the quarter. TD Private Client Wealth LLC’s holdings in W.W. Grainger were worth $180,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new position in W.W. Grainger during the 1st quarter valued at about $25,000. Nova Wealth Management Inc. purchased a new position in W.W. Grainger during the 1st quarter valued at about $28,000. Grove Bank & Trust grew 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 acquiring an additional 10 shares in the last quarter. Ridgewood Investments LLC grew its stake in W.W. Grainger by 50.0% during the 2nd quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 10 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in W.W. Grainger during the 1st quarter valued at about $46,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Insiders Place Their Bets

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the stock in a transaction dated 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 owned 1,771 shares of the company’s stock, valued at approximately $1,758,355.06. This represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on GWW shares. Loop Capital lowered their target price 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. JPMorgan Chase & Co. reduced their price target on 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. Morgan Stanley reduced their price target on 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. Finally, Royal Bank Of Canada reduced their price target on 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,069.13.

W.W. Grainger Price Performance

Shares of GWW stock opened at $960.16 on Monday. The stock’s fifty day moving average is $996.76 and its 200-day moving average is $1,018.29. 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 market capitalization of $45.92 billion, a PE ratio of 24.36, a PEG ratio of 2.79 and a beta of 1.18. W.W. Grainger, Inc. has a 52 week low of $893.99 and a 52 week high of $1,227.66.

W.W. Grainger (NYSE:GWW) last announced its earnings results 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). W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the previous year, the company posted $9.76 EPS. W.W. Grainger’s revenue for the quarter was up 5.6% on a year-over-year basis. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Equities research analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

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

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.