Montag A & Associates Inc. Sells 151 Shares of W.W. Grainger, Inc. $GWW

Montag A & Associates Inc. decreased its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 37.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 249 shares of the industrial products company’s stock after selling 151 shares during the period. Montag A & Associates Inc.’s holdings in W.W. Grainger were worth $259,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GWW. Nuveen LLC acquired a new stake in W.W. Grainger in the first quarter valued at about $285,574,000. JPMorgan Chase & Co. raised its stake in W.W. Grainger by 10.1% during the first quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company’s stock worth $812,403,000 after acquiring an additional 75,644 shares in the last quarter. Kodai Capital Management LP bought a new position in shares of W.W. Grainger in the first quarter worth about $67,601,000. Interval Partners LP boosted its stake in shares of W.W. Grainger by 1,429.9% in the 1st quarter. Interval Partners LP now owns 67,957 shares of the industrial products company’s stock valued at $67,130,000 after purchasing an additional 63,515 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of W.W. Grainger by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company’s stock valued at $5,322,801,000 after purchasing an additional 57,690 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insiders Place Their Bets

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the firm’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 transaction of $496,430.00. Following the completion of the transaction, the senior vice president owned 1,771 shares in the company, valued at approximately $1,758,355.06. This trade represents a 22.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.10% of the company’s stock.

W.W. Grainger Stock Performance

Shares of W.W. Grainger stock opened at $944.82 on Thursday. The stock has a market cap of $44.93 billion, a price-to-earnings ratio of 23.97, a P/E/G 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 $1,227.44. The company’s fifty day moving average is $969.62 and its 200 day moving average is $1,013.43. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57.

W.W. Grainger (NYSE:GWW) last announced its 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 firm had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same period in the previous year, the business earned $9.87 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. Sell-side analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of W.W. Grainger in a research note on Thursday, October 30th. JPMorgan Chase & Co. upped their price target on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Loop Capital cut their price objective on 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. Royal Bank Of Canada boosted their price objective on W.W. Grainger from $1,006.00 to $1,050.00 and gave the stock a “sector perform” rating in a research report on Monday, November 3rd. Finally, Sanford C. Bernstein began coverage on W.W. Grainger in a research report on Wednesday. They issued a “market perform” rating and a $975.00 target price for the company. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1,018.00.

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.