Oppenheimer Asset Management Inc. Lowers Holdings in W.W. Grainger, Inc. $GWW

Oppenheimer Asset Management Inc. reduced its position in W.W. Grainger, Inc. (NYSE:GWW) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,012 shares of the industrial products company’s stock after selling 60 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in W.W. Grainger were worth $4,173,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC lifted its holdings in W.W. Grainger by 2.1% during the first quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company’s stock worth $480,000 after buying an additional 10 shares during the period. Cary Street Partners Investment Advisory LLC grew its stake in W.W. Grainger by 3.2% in 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 during the last quarter. Hemington Wealth Management lifted 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 buying an additional 10 shares during the last quarter. Grove Bank & Trust lifted 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 buying an additional 10 shares during the last quarter. Finally, Ridgewood Investments LLC boosted its holdings in shares of W.W. Grainger by 50.0% in the 2nd quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company’s stock valued at $31,000 after buying an additional 10 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Jonny M. Leroy sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were 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 in the company, valued at approximately $1,758,355.06. This trade represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.10% of the company’s stock.

W.W. Grainger Price Performance

GWW stock opened at $963.36 on Wednesday. W.W. Grainger, Inc. has a 1 year low of $893.99 and a 1 year high of $1,227.66. The firm has a market capitalization of $46.08 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 2.84 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64. The business has a 50 day simple moving average of $981.76 and a 200-day simple moving average of $1,016.70.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 earnings per share 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 analyst estimates of $4.52 billion. During the same period last year, the firm posted $9.76 EPS. The business’s quarterly revenue 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 anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Barclays started coverage on shares of W.W. Grainger in a report on Wednesday, October 8th. They issued an “underweight” rating and a $963.00 price target on the stock. Royal Bank Of Canada lowered their price target on W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating for the company in a report on Monday, August 4th. Morgan Stanley cut their price objective 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. 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 research report on Monday, August 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of W.W. Grainger in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, W.W. Grainger has a consensus rating of “Hold” and an average target price 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.