Copperwynd Financial LLC Raises Stock Position in W.W. Grainger, Inc. $GWW

Copperwynd Financial LLC increased its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 247 shares of the industrial products company’s stock after buying an additional 13 shares during the period. Copperwynd Financial LLC’s holdings in W.W. Grainger were worth $257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hilltop National Bank purchased a new stake in W.W. Grainger during the 2nd quarter worth $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of W.W. Grainger in the 1st quarter worth about $25,000. Brown Lisle Cummings Inc. increased its position in shares of 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 last quarter. Nova Wealth Management Inc. bought a new stake in shares of W.W. Grainger in the 1st quarter worth about $28,000. Finally, Grove Bank & Trust increased its position in shares of W.W. Grainger by 52.6% in the 2nd quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Insider Activity

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 shares were sold at an average price of $992.86, for a total transaction of $496,430.00. Following the sale, the senior vice president owned 1,771 shares in the company, valued at $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.10% of the stock is owned by corporate insiders.

W.W. Grainger Trading Up 0.8%

W.W. Grainger stock opened at $966.42 on Thursday. 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 firm has a 50-day moving average price of $982.47 and a two-hundred day moving average price of $1,016.61. The firm has a market capitalization of $46.22 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 2.78 and a beta of 1.17. W.W. Grainger, Inc. has a 52-week low of $893.99 and a 52-week high of $1,227.66.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the firm posted $9.76 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Sell-side analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were issued a dividend of $2.26 per share. The ex-dividend date was Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. W.W. Grainger’s payout ratio is currently 22.94%.

Analysts Set New Price Targets

GWW has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating for the company in a research report on Thursday, September 4th. Loop Capital dropped their target price on shares of 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. Weiss Ratings reissued a “buy (b)” rating on shares of W.W. Grainger in a research report on Wednesday. Royal Bank Of Canada dropped their target price on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating for the company in a research report on Monday, August 4th. Finally, Barclays began coverage on shares of W.W. Grainger in a report on Wednesday. They issued an “underweight” rating and a $963.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $1,073.88.

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.