Caitong International Asset Management Co. Ltd Reduces Position in W.W. Grainger, Inc. $GWW

Caitong International Asset Management Co. Ltd cut its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 40.4% in the second quarter, Holdings Channel.com reports. The firm owned 53 shares of the industrial products company’s stock after selling 36 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in W.W. Grainger were worth $55,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GWW. Brighton Jones LLC boosted its stake in shares of W.W. Grainger by 46.8% during the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 102 shares during the period. GAMMA Investing LLC lifted its holdings in W.W. Grainger by 2.2% during the 1st quarter. GAMMA Investing LLC now owns 701 shares of the industrial products company’s stock valued at $692,000 after buying an additional 15 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in W.W. Grainger by 5.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,095 shares of the industrial products company’s stock valued at $5,033,000 after buying an additional 256 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in W.W. Grainger by 1,685.7% during the 1st quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company’s stock valued at $123,000 after buying an additional 118 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its holdings in W.W. Grainger by 911.6% during the 1st quarter. Perigon Wealth Management LLC now owns 2,094 shares of the industrial products company’s stock valued at $2,069,000 after buying an additional 1,887 shares in the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

W.W. Grainger Trading Up 0.5%

NYSE:GWW opened at $968.57 on Friday. 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 firm has a market cap of $46.33 billion, a P/E ratio of 24.58, a P/E/G ratio of 2.82 and a beta of 1.17. The firm has a 50-day simple moving average of $982.38 and a 200-day simple moving average of $1,016.22.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing the consensus estimate of $10.07 by ($0.10). W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the firm posted $9.76 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Equities analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were given a $2.26 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. W.W. Grainger’s payout ratio is presently 22.94%.

Insider Activity

In other news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $992.86, for a total value of $496,430.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

GWW has been the subject of a number of research analyst reports. Barclays initiated coverage on shares of W.W. Grainger in a report on Wednesday, October 8th. They set an “underweight” rating and a $963.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of W.W. Grainger in a report on Wednesday, October 8th. Morgan Stanley decreased their price objective on shares of 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 decreased their price objective on shares of 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. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $1,053.71.

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.