BKM Wealth Management LLC Has $1.71 Million Stock Position in W.W. Grainger, Inc. $GWW

BKM Wealth Management LLC lifted its stake in W.W. Grainger, Inc. (NYSE:GWW) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,641 shares of the industrial products company’s stock after purchasing an additional 121 shares during the period. BKM Wealth Management LLC’s holdings in W.W. Grainger were worth $1,707,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GWW. Nuveen LLC bought a new position in shares of W.W. Grainger in the 1st quarter worth $285,574,000. JPMorgan Chase & Co. boosted its position in shares of 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 last quarter. Kodai Capital Management LP bought a new position in shares of W.W. Grainger in the 1st quarter worth $67,601,000. Interval Partners LP boosted its position in shares of 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 last quarter. Finally, Vanguard Group Inc. boosted its position in shares of 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 last quarter. 80.70% of the stock is currently owned by institutional investors.

W.W. Grainger Stock Performance

Shares of W.W. Grainger stock opened at $956.36 on Friday. The firm has a market cap of $45.74 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 2.78 and a beta of 1.17. The stock’s 50-day moving average is $982.04 and its 200-day moving average is $1,015.05. W.W. Grainger, Inc. has a one year low of $893.99 and a one year high of $1,227.66. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64.

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 analysts’ consensus estimates of $10.07 by ($0.10). The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Equities analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal 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 issued a $2.26 dividend. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, August 11th. W.W. Grainger’s payout ratio is 22.94%.

Analyst Ratings Changes

Several research analysts have recently issued reports on GWW shares. Weiss Ratings restated a “buy (b)” rating on shares of W.W. Grainger in a research report on Wednesday, October 8th. Royal Bank Of Canada reduced their target price on W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating on the stock in a report on Monday, August 4th. JPMorgan Chase & Co. lifted their target price on W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a “neutral” rating in a report on Wednesday. Loop Capital reduced their target price on 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. Finally, Barclays initiated coverage on W.W. Grainger in a report on Wednesday, October 8th. They set an “underweight” rating and a $963.00 target price on the stock. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $1,053.71.

Insider Activity 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 stock was 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 in the company, valued at $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 6.10% of the stock is currently 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.