Mattern Capital Management LLC Has $12.29 Million Holdings in W.W. Grainger, Inc. $GWW

Mattern Capital Management LLC increased its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 0.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 11,812 shares of the industrial products company’s stock after purchasing an additional 64 shares during the period. W.W. Grainger accounts for 1.5% of Mattern Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Mattern Capital Management LLC’s holdings in W.W. Grainger were worth $12,287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GWW. Nuveen LLC purchased a new stake in W.W. Grainger in the 1st quarter worth approximately $285,574,000. JPMorgan Chase & Co. raised its position in W.W. Grainger by 10.1% in the 1st quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company’s stock worth $812,403,000 after purchasing an additional 75,644 shares during the period. Kodai Capital Management LP purchased a new position in W.W. Grainger in the 1st quarter worth $67,601,000. Interval Partners LP raised its position in W.W. Grainger by 1,429.9% in the 1st quarter. Interval Partners LP now owns 67,957 shares of the industrial products company’s stock worth $67,130,000 after purchasing an additional 63,515 shares during the period. Finally, Vanguard Group Inc. raised its position in W.W. Grainger by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company’s stock worth $5,322,801,000 after purchasing an additional 57,690 shares during the period. 80.70% of the stock is owned by institutional investors.

W.W. Grainger Price Performance

NYSE:GWW opened at $953.95 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64. The firm has a market cap of $45.63 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 2.74 and a beta of 1.17. The company has a 50 day moving average price of $989.65 and a 200-day moving average price of $1,017.03. W.W. Grainger, Inc. has a 1-year low of $893.99 and a 1-year high of $1,227.66.

W.W. Grainger (NYSE:GWW) last issued 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). The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.W.W. Grainger’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Equities research analysts forecast 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. Stockholders of record on Monday, August 11th were given a dividend of $2.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $9.04 annualized dividend and a dividend yield of 0.9%. W.W. Grainger’s payout ratio is presently 22.94%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GWW shares. Loop Capital cut their target price on shares of W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. decreased 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 report on Thursday, September 4th. Royal Bank Of Canada decreased their target price 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 report on Monday, August 4th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,069.13.

Insider Buying and Selling at W.W. Grainger

In other 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 transaction of $496,430.00. Following 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 legal filing with the SEC, which can be accessed through this link. Insiders own 6.10% of the company’s stock.

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.