Geode Capital Management LLC Increases Position in W.W. Grainger, Inc. $GWW

Geode Capital Management LLC lifted its position in W.W. Grainger, Inc. (NYSE:GWW) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,260,610 shares of the industrial products company’s stock after purchasing an additional 23,418 shares during the quarter. Geode Capital Management LLC’s holdings in W.W. Grainger were worth $1,306,289,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC lifted its holdings 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 acquiring an additional 10 shares during the period. Hemington Wealth Management boosted its stake in shares of W.W. Grainger by 0.9% in the first quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company’s stock worth $1,125,000 after acquiring an additional 10 shares during the last quarter. Grove Bank & Trust boosted 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 during the last quarter. Ridgewood Investments LLC raised its holdings in 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 acquiring an additional 10 shares during the last quarter. Finally, Brighton Jones LLC boosted its stake in W.W. Grainger by 3.3% during the second quarter. Brighton Jones LLC now owns 313 shares of the industrial products company’s stock worth $326,000 after buying an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GWW shares. Loop Capital reduced 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 note on Monday, August 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of W.W. Grainger in a report on Thursday, October 30th. Barclays boosted their price objective on W.W. Grainger from $963.00 to $975.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. Sanford C. Bernstein initiated coverage on W.W. Grainger in a report on Wednesday. They set a “market perform” rating and a $975.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, W.W. Grainger presently has a consensus rating of “Hold” and an average target price of $1,018.00.

Insider Buying and Selling at W.W. Grainger

In other news, SVP Jonny M. Leroy sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were 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 of the company’s stock, valued at $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.10% of the stock is currently owned by corporate insiders.

W.W. Grainger Stock Performance

NYSE:GWW opened at $944.82 on Thursday. The firm’s fifty day simple moving average is $969.62 and its 200-day simple moving average is $1,013.43. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,227.44. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. The stock has a market cap of $44.93 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 2.79 and a beta of 1.17.

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

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 10th will be given a $2.26 dividend. This represents a $9.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, November 10th. W.W. Grainger’s dividend payout ratio is currently 25.35%.

W.W. Grainger 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.