Trust Co. of Toledo NA OH Trims Position in W.W. Grainger, Inc. $GWW

Trust Co. of Toledo NA OH lessened its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 88.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 144 shares of the industrial products company’s stock after selling 1,062 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in W.W. Grainger were worth $150,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Checchi Capital Advisers LLC boosted its position in shares of W.W. Grainger by 2.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company’s stock valued at $480,000 after acquiring an additional 10 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in shares of W.W. Grainger by 3.2% during the 1st 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 last quarter. Hemington Wealth Management boosted its position in shares of W.W. Grainger by 0.9% during the 1st quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company’s stock valued at $1,125,000 after acquiring an additional 10 shares during the last quarter. Grove Bank & Trust boosted its position in shares of W.W. Grainger by 52.6% during the 2nd quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 10 shares during the last quarter. Finally, Ridgewood Investments LLC boosted its position in shares of W.W. Grainger by 50.0% during 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. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analyst Upgrades and Downgrades

GWW has been the subject of a number of research analyst reports. Morgan Stanley dropped their price target on W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating for the company in a research report on Friday, July 11th. JPMorgan Chase & Co. dropped their price target on W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating for the company in a research report on Thursday, September 4th. Barclays initiated coverage on W.W. Grainger in a research report on Wednesday. They set an “underweight” rating and a $963.00 price target for the company. Royal Bank Of Canada dropped their target price on W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating for the company in a research report on Monday, August 4th. Finally, Loop Capital dropped their target price 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 equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, W.W. Grainger currently has an average rating of “Hold” and a consensus target price of $1,073.88.

Insiders Place Their Bets

In related news, SVP Jonny M. Leroy sold 500 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $992.86, for a total value of $496,430.00. Following the sale, the senior vice president directly owned 1,771 shares of the company’s stock, valued at $1,758,355.06. This represents a 22.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.10% of the stock is currently owned by insiders.

W.W. Grainger Price Performance

GWW opened at $946.61 on Friday. 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, Inc. has a 52-week low of $893.99 and a 52-week high of $1,227.66. The stock has a market capitalization of $45.28 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 2.75 and a beta of 1.17. The stock’s 50 day moving average price is $981.31 and its 200-day moving average price is $1,016.34.

W.W. Grainger (NYSE:GWW) last posted 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 business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. W.W. Grainger’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, equities research analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were paid a $2.26 dividend. This represents a $9.04 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, August 11th. W.W. Grainger’s dividend payout ratio is presently 22.94%.

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.