IFP Advisors Inc Lowers Stock Position in W.W. Grainger, Inc. $GWW

IFP Advisors Inc cut its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 8.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,372 shares of the industrial products company’s stock after selling 134 shares during the period. IFP Advisors Inc’s holdings in W.W. Grainger were worth $1,442,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new stake in shares of W.W. Grainger during the first quarter worth $25,000. Hilltop National Bank acquired a new stake in shares of W.W. Grainger during the second quarter worth $25,000. Brown Lisle Cummings Inc. lifted its holdings in shares of W.W. Grainger by 316.7% during the second quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 19 shares during the period. Nova Wealth Management Inc. acquired a new stake in shares of W.W. Grainger during the first quarter worth $28,000. Finally, Grove Bank & Trust lifted its holdings in shares of W.W. Grainger by 52.6% during the second 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 period. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased 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 report on Thursday, September 4th. Royal Bank Of Canada decreased their price target on W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating for the company in a report on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of W.W. Grainger in a report on Wednesday, October 8th. Morgan Stanley decreased 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 report on Friday, July 11th. Finally, Loop Capital reduced their target price on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1,073.88.

W.W. Grainger Price Performance

W.W. Grainger stock opened at $946.61 on Monday. 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. The business has a fifty day moving average of $981.31 and a two-hundred day moving average of $1,016.55. The company has a market cap of $45.28 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 2.75 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last released its earnings results on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing analysts’ consensus estimates of $10.07 by ($0.10). The business 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%. W.W. Grainger’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

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

Insider Activity

In other news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger stock in a transaction on Tuesday, September 9th. The stock was 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 of the company’s stock, valued at $1,758,355.06. The trade was a 22.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 6.10% of the stock is owned by company insiders.

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.