Eads & Heald Wealth Management Decreases Position in W.W. Grainger, Inc. $GWW

Eads & Heald Wealth Management lowered its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,738 shares of the industrial products company’s stock after selling 71 shares during the quarter. W.W. Grainger accounts for about 1.4% of Eads & Heald Wealth Management’s portfolio, making the stock its 16th largest position. Eads & Heald Wealth Management’s holdings in W.W. Grainger were worth $2,848,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Checchi Capital Advisers LLC raised its position in W.W. Grainger by 2.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company’s stock valued at $480,000 after purchasing an additional 10 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in shares of W.W. Grainger by 3.2% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company’s stock worth $319,000 after buying an additional 10 shares during the period. Hemington Wealth Management raised its holdings in W.W. Grainger by 0.9% in the first quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company’s stock valued at $1,125,000 after acquiring an additional 10 shares in the last quarter. Grove Bank & Trust grew its holdings in W.W. Grainger by 52.6% during the 2nd quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 10 shares in the last quarter. Finally, Ridgewood Investments LLC increased its position in shares of W.W. Grainger by 50.0% in the 2nd quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 10 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

W.W. Grainger Price Performance

GWW stock opened at $957.17 on Monday. 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 company has a market capitalization of $45.78 billion, a P/E ratio of 24.29, a PEG ratio of 2.78 and a beta of 1.17. The business has a 50 day simple moving average of $987.72 and a 200-day simple moving average of $1,017.45. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last released 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 business had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, equities analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

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 dividend of $2.26 per share. 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 dividend payout ratio (DPR) is currently 22.94%.

Analyst Ratings Changes

GWW has been the subject of several recent analyst reports. 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 report on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of W.W. Grainger in a report on Saturday, September 27th. JPMorgan Chase & Co. dropped their price objective on W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating on the stock in a report on Thursday, September 4th. Loop Capital decreased their target price on 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. Finally, Morgan Stanley dropped their price target 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 note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, W.W. Grainger presently has an average rating of “Hold” and a consensus price target of $1,069.13.

Insider Transactions at W.W. Grainger

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the company’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is owned by company 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.