Phoenix Financial Ltd. Takes Position in W.W. Grainger, Inc. $GWW

Phoenix Financial Ltd. bought a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW) during the second quarter, Holdings Channel.com reports. The fund bought 221 shares of the industrial products company’s stock, valued at approximately $230,000.

A number of other large investors have also recently modified their holdings of GWW. Checchi Capital Advisers LLC boosted its position in W.W. Grainger by 2.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company’s stock valued at $480,000 after acquiring an additional 10 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in shares of W.W. Grainger by 3.2% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 10 shares in the last quarter. Hemington Wealth Management boosted its position in shares of W.W. Grainger by 0.9% during the first quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company’s stock valued at $1,125,000 after purchasing an additional 10 shares in the last quarter. Grove Bank & Trust boosted its position in shares of W.W. Grainger by 52.6% during the second quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 10 shares in the last quarter. Finally, Ridgewood Investments LLC boosted its position in shares of W.W. Grainger by 50.0% during the second quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 10 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

Shares of W.W. Grainger stock opened at $965.38 on Friday. The stock has a market cap of $46.17 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 2.81 and a beta of 1.17. The firm’s 50-day moving average is $982.42 and its 200 day moving average is $1,015.21. W.W. Grainger, Inc. has a 1 year low of $893.99 and a 1 year high of $1,227.66. 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 announced its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.07 by ($0.10). The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.52 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 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Sell-side analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were given a $2.26 dividend. 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 22.94%.

Insider Transactions at W.W. Grainger

In related 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 value of $496,430.00. Following the transaction, the senior vice president directly owned 1,771 shares of the company’s stock, valued at approximately $1,758,355.06. This represents a 22.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GWW shares. Loop Capital dropped their target price on shares of W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating on the stock in a report on Monday, August 4th. Morgan Stanley dropped their target price on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating on the stock in a report on Friday, July 11th. Royal Bank Of Canada dropped their price objective on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. boosted their price objective on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of W.W. Grainger in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $1,053.71.

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.