J. Safra Sarasin Holding AG Has $2.21 Million Stake in W.W. Grainger, Inc. $GWW

J. Safra Sarasin Holding AG increased its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 128.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,128 shares of the industrial products company’s stock after acquiring an additional 1,198 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in W.W. Grainger were worth $2,214,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. CHURCHILL MANAGEMENT Corp lifted its holdings in shares of W.W. Grainger by 3.0% during the second quarter. CHURCHILL MANAGEMENT Corp now owns 13,693 shares of the industrial products company’s stock worth $14,244,000 after buying an additional 402 shares during the last quarter. Pure Financial Advisors LLC acquired a new position in shares of W.W. Grainger during the second quarter worth approximately $287,000. USA Financial Formulas lifted its holdings in shares of W.W. Grainger by 103.0% during the second quarter. USA Financial Formulas now owns 341 shares of the industrial products company’s stock worth $355,000 after buying an additional 173 shares during the last quarter. Parkwoods Wealth Partners LLC acquired a new position in W.W. Grainger during the 2nd quarter valued at $202,000. Finally, Chicago Capital LLC raised its stake in W.W. Grainger by 9.7% during the 2nd quarter. Chicago Capital LLC now owns 4,259 shares of the industrial products company’s stock valued at $4,431,000 after purchasing an additional 376 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Loop Capital cut their target price 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. 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 for the company in a research note on Friday, July 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of W.W. Grainger in a research note on Saturday, September 27th. JPMorgan Chase & Co. cut 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. Finally, Royal Bank Of Canada cut 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1,069.13.

W.W. Grainger Stock Performance

NYSE:GWW opened at $957.17 on Friday. W.W. Grainger, Inc. has a 12-month low of $893.99 and a 12-month high of $1,227.66. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $45.78 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 2.77 and a beta of 1.17. The firm has a 50-day moving average price of $987.72 and a 200 day moving average price of $1,016.92.

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

W.W. Grainger Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were paid a dividend of $2.26 per share. This represents a $9.04 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, August 11th. 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 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 completion of the sale, the senior vice president owned 1,771 shares in the company, valued at $1,758,355.06. This trade represents a 22.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.10% of the stock is owned by corporate insiders.

W.W. Grainger Company 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.