L.M. Kohn & Company Acquires New Shares in W.W. Grainger, Inc. $GWW

L.M. Kohn & Company acquired a new stake in W.W. Grainger, Inc. (NYSE:GWW) during the second quarter, Holdings Channel reports. The fund acquired 229 shares of the industrial products company’s stock, valued at approximately $238,000.

A number of other large investors also recently added to or reduced their stakes in the company. Oarsman Capital Inc. lifted its stake in W.W. Grainger by 3.5% during the second quarter. Oarsman Capital Inc. now owns 2,120 shares of the industrial products company’s stock worth $2,205,000 after purchasing an additional 71 shares in the last quarter. Redmond Asset Management LLC lifted its stake in W.W. Grainger by 3.9% during the second quarter. Redmond Asset Management LLC now owns 400 shares of the industrial products company’s stock worth $416,000 after purchasing an additional 15 shares in the last quarter. Howard Capital Management Inc. lifted its stake in W.W. Grainger by 38.1% during the second quarter. Howard Capital Management Inc. now owns 301 shares of the industrial products company’s stock worth $313,000 after purchasing an additional 83 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in W.W. Grainger by 30.8% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,882 shares of the industrial products company’s stock worth $12,360,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Rossby Financial LCC lifted its stake in W.W. Grainger by 361.5% during the second quarter. Rossby Financial LCC now owns 60 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 47 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on GWW. Barclays started coverage on W.W. Grainger in a research note on Wednesday, October 8th. They set an “underweight” rating and a $963.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of W.W. Grainger in a research report on Wednesday, October 8th. Loop Capital cut their price objective on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating on the stock in a research report on Monday, August 4th. Morgan Stanley cut their price objective on W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating on the stock in a research report on Friday, July 11th. Finally, Royal Bank Of Canada cut their price objective on W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating on the stock in a research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $1,053.71.

W.W. Grainger Trading Down 0.6%

GWW opened at $957.92 on Thursday. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. W.W. Grainger, Inc. has a 52 week low of $893.99 and a 52 week high of $1,227.66. The business’s 50 day moving average is $980.95 and its two-hundred day moving average is $1,016.45. The firm has a market cap of $45.82 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 2.80 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.07 by ($0.10). The business had revenue of $4.55 billion for 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%.The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, research analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 10th will be given a dividend of $2.26 per share. The ex-dividend date is Monday, November 10th. This represents a $9.04 dividend on an annualized basis and a yield of 0.9%. W.W. Grainger’s dividend payout ratio is presently 22.94%.

Insider Buying and Selling

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the company’s stock in a transaction on 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 transaction, the senior vice president owned 1,771 shares in the company, valued at approximately $1,758,355.06. This represents a 22.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.10% of the company’s stock.

About W.W. Grainger

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.