Assetmark Inc. Purchases 135 Shares of W.W. Grainger, Inc. $GWW

Assetmark Inc. grew its position in W.W. Grainger, Inc. (NYSE:GWW) by 143.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229 shares of the industrial products company’s stock after purchasing an additional 135 shares during the period. Assetmark Inc.’s holdings in W.W. Grainger were worth $238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new stake in W.W. Grainger in the 1st quarter valued at about $25,000. Hilltop National Bank bought a new position in shares of W.W. Grainger in the second quarter valued at approximately $25,000. Quaker Wealth Management LLC grew its holdings in shares of 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 valued at $25,000 after acquiring an additional 49 shares in the last quarter. Brown Lisle Cummings Inc. increased its position in shares of W.W. Grainger by 316.7% during the second quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 19 shares during the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in W.W. Grainger during the first quarter worth $28,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

W.W. Grainger Price Performance

GWW opened at $955.71 on Friday. The firm has a 50-day moving average price of $973.73 and a 200-day moving average price of $1,014.73. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.66. 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 $45.44 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 2.79 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Friday, October 31st. The industrial products company reported $10.21 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same period in the prior year, the company posted $9.87 EPS. W.W. Grainger’s revenue was up 6.1% compared to the same quarter last year. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. Equities analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

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. This represents a $9.04 dividend on an annualized basis 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 (DPR) is presently 25.35%.

Analysts Set New Price Targets

A number of research analysts have issued reports on GWW shares. Loop Capital reduced their price objective on 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. Barclays increased their price target on shares of W.W. Grainger from $963.00 to $975.00 and gave the company an “underweight” rating in a research report on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of W.W. Grainger in a research report on Thursday, October 30th. JPMorgan Chase & Co. increased their target price on shares of 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. Finally, Royal Bank Of Canada raised their price target on shares of W.W. Grainger from $1,006.00 to $1,050.00 and gave the stock a “sector perform” rating in a research note on Monday, November 3rd. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, W.W. Grainger currently has an average rating of “Hold” and a consensus price target of $1,061.57.

Insider Buying and Selling at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of the business’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 sale, the senior vice president directly owned 1,771 shares in the company, valued at approximately $1,758,355.06. The trade was a 22.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.10% of the company’s stock.

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.