W.W. Grainger, Inc. $GWW Shares Sold by Mendel Money Management

Mendel Money Management reduced its position in W.W. Grainger, Inc. (NYSE:GWW) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 396 shares of the industrial products company’s stock after selling 12 shares during the quarter. Mendel Money Management’s holdings in W.W. Grainger were worth $412,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Redmond Asset Management LLC boosted its holdings in shares of W.W. Grainger by 3.9% in the second quarter. Redmond Asset Management LLC now owns 400 shares of the industrial products company’s stock valued at $416,000 after acquiring an additional 15 shares during the period. Howard Capital Management Inc. boosted its holdings in shares of W.W. Grainger by 38.1% in the second quarter. Howard Capital Management Inc. now owns 301 shares of the industrial products company’s stock valued at $313,000 after acquiring an additional 83 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of W.W. Grainger by 30.8% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,882 shares of the industrial products company’s stock worth $12,360,000 after purchasing an additional 2,800 shares during the last quarter. Rossby Financial LCC raised its stake in shares of W.W. Grainger by 361.5% during the second quarter. Rossby Financial LCC now owns 60 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 47 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of W.W. Grainger during the second quarter worth approximately $4,155,000. 80.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at W.W. Grainger

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

Analyst Ratings Changes

Several equities research analysts have recently commented on GWW shares. Barclays started coverage on W.W. Grainger in a research note on Wednesday, October 8th. They set an “underweight” rating and a $963.00 price target for the company. Morgan Stanley cut their price target on W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating for the company in a research note on Friday, July 11th. Loop Capital cut their price target on 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. JPMorgan Chase & Co. upped their price target on 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, Royal Bank Of Canada cut 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 research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, W.W. Grainger presently has an average rating of “Hold” and an average target price of $1,053.71.

W.W. Grainger Trading Down 1.5%

NYSE:GWW opened at $963.36 on Wednesday. The stock has a fifty day moving average price of $981.76 and a two-hundred day moving average price of $1,016.70. The stock has a market capitalization of $46.08 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 2.84 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. W.W. Grainger, Inc. has a 1 year low of $893.99 and a 1 year high of $1,227.66.

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 (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the previous year, the company posted $9.76 EPS. The company’s 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. As a group, sell-side analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

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.