W.W. Grainger, Inc. $GWW Shares Acquired by Allworth Financial LP

Allworth Financial LP grew its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 68.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,757 shares of the industrial products company’s stock after buying an additional 2,344 shares during the period. Allworth Financial LP’s holdings in W.W. Grainger were worth $5,989,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cypress Capital LLC purchased a new position in shares of W.W. Grainger in the second quarter valued at $226,000. Illinois Municipal Retirement Fund boosted its stake in W.W. Grainger by 5.3% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 19,370 shares of the industrial products company’s stock worth $20,149,000 after buying an additional 969 shares during the last quarter. Profund Advisors LLC increased its position in W.W. Grainger by 29.4% during the second quarter. Profund Advisors LLC now owns 617 shares of the industrial products company’s stock worth $642,000 after purchasing an additional 140 shares during the last quarter. PFG Advisors boosted its holdings in W.W. Grainger by 8.5% in the second quarter. PFG Advisors now owns 433 shares of the industrial products company’s stock valued at $450,000 after acquiring an additional 34 shares during the last quarter. Finally, Zions Bancorporation National Association UT raised its holdings in W.W. Grainger by 1.3% in the second quarter. Zions Bancorporation National Association UT now owns 6,341 shares of the industrial products company’s stock valued at $6,596,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Ratings Changes

GWW has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of W.W. Grainger in a report on Thursday, October 30th. JPMorgan Chase & Co. raised 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 note on Wednesday, October 15th. Loop Capital reduced their price target on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a research report on Monday, August 4th. Royal Bank Of Canada increased their price target on W.W. Grainger from $1,006.00 to $1,050.00 and gave the company a “sector perform” rating in a research note on Monday, November 3rd. Finally, Barclays raised their target price 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. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,061.57.

Insider Buying and Selling at W.W. Grainger

In other news, SVP Jonny M. Leroy sold 500 shares of the business’s stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 6.10% of the company’s stock.

W.W. Grainger Price Performance

NYSE GWW opened at $946.45 on Wednesday. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The company has a fifty day simple moving average of $971.08 and a 200 day simple moving average of $1,013.92. The company has a market cap of $45.00 billion, a P/E ratio of 24.02, a P/E/G ratio of 2.79 and a beta of 1.17. W.W. Grainger, Inc. has a 1 year low of $893.99 and a 1 year high of $1,227.44.

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

W.W. Grainger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 10th will be given 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%.

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.