Profund Advisors LLC Buys 140 Shares of W.W. Grainger, Inc. $GWW

Profund Advisors LLC boosted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 29.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 617 shares of the industrial products company’s stock after buying an additional 140 shares during the quarter. Profund Advisors LLC’s holdings in W.W. Grainger were worth $642,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new stake in shares of W.W. Grainger in the 1st quarter valued at approximately $25,000. Hilltop National Bank bought a new stake in W.W. Grainger during the second quarter worth $25,000. Quaker Wealth Management LLC lifted its stake in W.W. Grainger by 196.0% in the second quarter. Quaker Wealth Management LLC now owns 24 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 49 shares during the last quarter. Brown Lisle Cummings Inc. grew its position in shares of W.W. Grainger by 316.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 19 shares during the period. Finally, Nova Wealth Management Inc. acquired a new position in shares of W.W. Grainger during the 1st quarter worth about $28,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Price Performance

Shares of NYSE GWW opened at $944.82 on Thursday. The business’s 50 day moving average is $969.62 and its 200-day moving average is $1,013.43. The firm has a market cap of $44.93 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 2.79 and a beta of 1.17. W.W. Grainger, Inc. has a 1-year low of $893.99 and a 1-year high of $1,227.44. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Friday, October 31st. The industrial products company reported $10.21 earnings per share for the quarter, topping the consensus estimate of $9.95 by $0.26. The firm 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 company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $9.87 EPS. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. Equities research analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GWW. Weiss Ratings reiterated a “buy (b-)” rating on shares of W.W. Grainger in a research note on Thursday, October 30th. Royal Bank Of Canada raised their price objective on W.W. Grainger from $1,006.00 to $1,050.00 and gave the company a “sector perform” rating in a research report on Monday, November 3rd. Sanford C. Bernstein initiated coverage on W.W. Grainger in a report on Wednesday. They set a “market perform” rating and a $975.00 target price on the stock. 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 research note on Wednesday, October 15th. Finally, Barclays lifted their price objective on shares of W.W. Grainger from $963.00 to $975.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $1,018.00.

Insider Activity

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the 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 transaction, the senior vice president owned 1,771 shares in the company, valued at $1,758,355.06. This represents a 22.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.10% of the stock is currently owned by 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.