2,800 Shares in W.W. Grainger, Inc. $GWW Acquired by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments bought a new stake in W.W. Grainger, Inc. (NYSE:GWW) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,800 shares of the industrial products company’s stock, valued at approximately $2,880,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hemington Wealth Management grew its stake in shares of W.W. Grainger by 0.9% in the first quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company’s stock valued at $1,125,000 after buying an additional 10 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in W.W. Grainger by 3.2% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company’s stock valued at $319,000 after acquiring an additional 10 shares during the period. Grove Bank & Trust grew its position in W.W. Grainger by 52.6% in 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 increased its stake in W.W. Grainger by 50.0% during the second quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 10 shares during the period. Finally, Brighton Jones LLC increased its stake in W.W. Grainger by 3.3% during the second quarter. Brighton Jones LLC now owns 313 shares of the industrial products company’s stock worth $326,000 after purchasing an additional 10 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Insider Buying and Selling 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 shares were sold at an average price of $992.86, for a total value of $496,430.00. Following the completion of the transaction, the senior vice president owned 1,771 shares in the company, valued at approximately $1,758,355.06. This represents a 22.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

GWW has been the subject of several recent research reports. Loop Capital lowered 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 research note on Monday, August 4th. Barclays raised 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, November 7th. Royal Bank Of Canada boosted 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. JPMorgan Chase & Co. increased their price objective 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. Finally, Morgan Stanley lowered their target price on W.W. Grainger from $1,150.00 to $1,100.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $1,009.43.

W.W. Grainger Stock Up 0.4%

Shares of NYSE GWW opened at $948.63 on Monday. The business has a 50-day moving average of $953.35 and a two-hundred day moving average of $1,003.76. The company has a market capitalization of $45.11 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth 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 $1,215.00. 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 quarterly earnings data 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. The business had revenue of $4.66 billion for 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 business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $9.87 EPS. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. On average, analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 10th will be given a dividend of $2.26 per share. This represents a $9.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, November 10th. W.W. Grainger’s payout ratio is currently 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.