3Chopt Investment Partners LLC Trims Stock Holdings in W.W. Grainger, Inc. $GWW

3Chopt Investment Partners LLC trimmed its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 11.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 736 shares of the industrial products company’s stock after selling 97 shares during the period. 3Chopt Investment Partners LLC’s holdings in W.W. Grainger were worth $766,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GWW. N.E.W. Advisory Services LLC purchased a new stake in shares of W.W. Grainger in the first quarter worth about $25,000. Hilltop National Bank purchased a new position in shares of W.W. Grainger during the 2nd quarter valued at approximately $25,000. Brown Lisle Cummings Inc. increased its holdings in shares of W.W. Grainger by 316.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 19 shares in the last quarter. Nova Wealth Management Inc. purchased a new position in shares of W.W. Grainger during the 1st quarter valued at approximately $28,000. Finally, Grove Bank & Trust grew its position in W.W. Grainger by 52.6% during the second quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock valued at $30,000 after buying an additional 10 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Down 0.0%

Shares of NYSE:GWW opened at $967.17 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 capitalization of $46.26 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 2.81 and a beta of 1.17. The firm’s 50-day moving average is $981.02 and its two-hundred day moving average is $1,016.44. 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 announced its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing analysts’ consensus estimates of $10.07 by ($0.10). The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current 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 given a $2.26 dividend. 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 payout ratio is 22.94%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays assumed coverage on W.W. Grainger in a research report on Wednesday. They issued an “underweight” rating and a $963.00 price objective for the company. Loop Capital decreased their price objective on shares of W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating on the stock in a report on Monday, August 4th. Royal Bank Of Canada reduced their price target 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. JPMorgan Chase & Co. reduced their price target on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating for the company in a research report on Thursday, September 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of W.W. Grainger in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, W.W. Grainger presently has an average rating of “Hold” and an average target price of $1,073.88.

Insider Transactions at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of the stock in a transaction 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 trade represents a 22.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.10% of the stock is owned by company insiders.

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.