Greenleaf Trust Lowers Holdings in W.W. Grainger, Inc. $GWW

Greenleaf Trust decreased its position in W.W. Grainger, Inc. (NYSE:GWW) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,396 shares of the industrial products company’s stock after selling 14 shares during the period. Greenleaf Trust’s holdings in W.W. Grainger were worth $1,452,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GWW. Fiduciary Alliance LLC bought a new position in W.W. Grainger in the 2nd quarter valued at approximately $274,000. Focus Partners Wealth lifted its holdings in shares of W.W. Grainger by 7.5% during the 1st quarter. Focus Partners Wealth now owns 15,989 shares of the industrial products company’s stock valued at $15,795,000 after buying an additional 1,120 shares during the period. Golden State Wealth Management LLC lifted its holdings in W.W. Grainger by 1,685.7% in the first quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 118 shares during the period. Acadian Asset Management LLC lifted its holdings in W.W. Grainger by 17.1% in the first quarter. Acadian Asset Management LLC now owns 206,593 shares of the industrial products company’s stock valued at $204,057,000 after acquiring an additional 30,208 shares during the period. Finally, Modern Wealth Management LLC lifted its holdings in W.W. Grainger by 157.1% in the first quarter. Modern Wealth Management LLC now owns 982 shares of the industrial products company’s stock valued at $970,000 after acquiring an additional 600 shares during the period. Institutional investors own 80.70% of the company’s stock.

Insider Activity

In related news, SVP Jonny M. Leroy sold 500 shares of the business’s stock in a transaction dated 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 approximately $1,758,355.06. The trade was a 22.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.10% of the stock is owned by corporate insiders.

W.W. Grainger Stock Performance

Shares of W.W. Grainger stock opened at $945.24 on Thursday. The business has a 50-day simple moving average of $991.61 and a 200-day simple moving average of $1,017.19. The company has a market cap of $45.21 billion, a PE ratio of 23.98, a P/E/G ratio of 2.77 and a beta of 1.17. W.W. Grainger, Inc. has a one year low of $893.99 and a one year high of $1,227.66. 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 (NYSE:GWW) last issued its earnings results 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). The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, equities research analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were given a dividend of $2.26 per share. The ex-dividend date was Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a yield of 1.0%. W.W. Grainger’s payout ratio is presently 22.94%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Morgan Stanley decreased 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 research note on Friday, July 11th. Royal Bank Of Canada dropped their price objective on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. lowered their target price on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating for the company in a research note on Thursday, September 4th. Finally, Loop Capital lowered 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 report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, W.W. Grainger has an average rating of “Hold” and an average price target of $1,069.13.

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.