HB Wealth Management LLC Lowers Position in W.W. Grainger, Inc. $GWW

HB Wealth Management LLC trimmed its stake in W.W. Grainger, Inc. (NYSE:GWW) by 8.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,252 shares of the industrial products company’s stock after selling 121 shares during the quarter. HB Wealth Management LLC’s holdings in W.W. Grainger were worth $1,303,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GWW. Vanguard Group Inc. grew its stake in W.W. Grainger by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company’s stock worth $5,322,801,000 after buying an additional 57,690 shares during the period. JPMorgan Chase & Co. grew its stake in W.W. Grainger by 10.1% during the first quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company’s stock worth $812,403,000 after buying an additional 75,644 shares during the period. Dimensional Fund Advisors LP grew its stake in W.W. Grainger by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 416,086 shares of the industrial products company’s stock worth $410,975,000 after buying an additional 6,797 shares during the period. Charles Schwab Investment Management Inc. grew its stake in W.W. Grainger by 4.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 306,829 shares of the industrial products company’s stock worth $303,095,000 after buying an additional 13,330 shares during the period. Finally, Nuveen LLC purchased a new stake in W.W. Grainger during the first quarter worth approximately $285,574,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GWW. 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 research note on Monday, August 4th. Royal Bank Of Canada decreased their price objective on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating for the company in a research note on Monday, August 4th. Morgan Stanley reduced their target price on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating on the stock in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating on the stock in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1,069.13.

W.W. Grainger Trading Up 1.1%

NYSE GWW opened at $953.95 on Friday. The company’s fifty day simple moving average is $989.65 and its 200-day simple moving average is $1,017.03. W.W. Grainger, Inc. has a 52 week low of $893.99 and a 52 week high of $1,227.66. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The stock has a market cap of $45.63 billion, a P/E ratio of 24.21, a PEG ratio of 2.74 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last posted its quarterly 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 revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Equities research analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were issued a $2.26 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $9.04 annualized dividend and a yield of 0.9%. W.W. Grainger’s dividend payout ratio is currently 22.94%.

Insider Transactions at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of the company’s stock in a transaction 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.10% of the stock is owned by corporate insiders.

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.