Syverson Strege & Co Purchases New Holdings in W.W. Grainger, Inc. $GWW

Syverson Strege & Co purchased a new stake in W.W. Grainger, Inc. (NYSE:GWW) in the second quarter, Holdings Channel.com reports. The firm purchased 200 shares of the industrial products company’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mccarter Private Wealth Services LLC purchased a new position in W.W. Grainger in the second quarter valued at about $208,000. Haven Private LLC purchased a new position in W.W. Grainger in the second quarter valued at about $278,000. Creekmur Asset Management LLC boosted its holdings in W.W. Grainger by 30.4% in the second quarter. Creekmur Asset Management LLC now owns 266 shares of the industrial products company’s stock valued at $277,000 after purchasing an additional 62 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in W.W. Grainger by 24.5% in the second quarter. Pinnacle Associates Ltd. now owns 1,812 shares of the industrial products company’s stock valued at $1,885,000 after purchasing an additional 356 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp purchased a new position in W.W. Grainger in the second quarter valued at about $205,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Up 2.3%

Shares of W.W. Grainger stock opened at $978.00 on Friday. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The business’s 50 day simple moving average is $979.33 and its 200-day simple moving average is $1,015.98. The stock has a market capitalization of $46.78 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 2.79 and a beta of 1.17. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Friday, October 31st. The industrial products company reported $10.21 earnings per share for the quarter, topping analysts’ consensus estimates of $9.95 by $0.26. The business had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.64 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $9.87 EPS. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. Equities research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 10th will be given a dividend of $2.26 per share. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, November 10th. W.W. Grainger’s dividend payout ratio is presently 22.94%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Loop Capital reduced their price target on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a report on Monday, August 4th. JPMorgan Chase & Co. increased their price target on W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Barclays started coverage on W.W. Grainger in a report on Wednesday, October 8th. They set an “underweight” rating and a $963.00 target price on the stock. Morgan Stanley reduced their target price on 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. Finally, Royal Bank Of Canada reduced their target price on W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating on the stock in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1,053.71.

Insider Buying and Selling

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger stock in a transaction 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 sale, the senior vice president owned 1,771 shares of the company’s stock, valued at $1,758,355.06. The trade was a 22.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.