W.W. Grainger, Inc. $GWW Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System increased its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,311 shares of the industrial products company’s stock after purchasing an additional 182 shares during the quarter. New York State Teachers Retirement System owned 0.09% of W.W. Grainger worth $44,014,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GWW. N.E.W. Advisory Services LLC acquired a new position in W.W. Grainger during the 1st quarter worth $25,000. Hilltop National Bank acquired a new position in W.W. Grainger during the 2nd quarter worth $25,000. Brown Lisle Cummings Inc. grew its stake in W.W. Grainger by 316.7% during 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 in the last quarter. Nova Wealth Management Inc. acquired a new position in W.W. Grainger during the 1st quarter worth $28,000. Finally, 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 worth $30,000 after purchasing an additional 10 shares in the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Stock Down 0.4%

W.W. Grainger stock opened at $954.39 on Friday. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,227.66. 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 company has a market capitalization of $45.65 billion, a P/E ratio of 24.22, a PEG ratio of 2.79 and a beta of 1.17. The stock has a 50-day simple moving average of $981.89 and a 200-day simple moving average of $1,015.25.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share for the quarter, missing the consensus estimate of $10.07 by ($0.10). W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The firm had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the previous year, the firm posted $9.76 earnings per share. The firm’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 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were paid a dividend of $2.26 per share. 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 currently 22.94%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GWW shares. Loop Capital lowered 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 report on Monday, August 4th. Royal Bank Of Canada lowered their price objective on 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. Morgan Stanley lowered their price objective on W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating for the company in a research report on Friday, July 11th. Barclays started coverage on W.W. Grainger in a research report on Wednesday, October 8th. They set an “underweight” rating and a $963.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of W.W. Grainger in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $1,053.71.

Insider Buying and Selling

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the company’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 completion of the sale, the senior vice president directly owned 1,771 shares of the company’s stock, valued at $1,758,355.06. This represents a 22.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is currently owned by corporate insiders.

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.