Mccarter Private Wealth Services LLC Acquires New Position in W.W. Grainger, Inc. $GWW

Mccarter Private Wealth Services LLC acquired a new stake in W.W. Grainger, Inc. (NYSE:GWW) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 200 shares of the industrial products company’s stock, valued at approximately $208,000.

A number of other hedge funds have also recently modified their holdings of the company. Haven Private LLC purchased a new stake in shares of W.W. Grainger in the second quarter valued at about $278,000. Creekmur Asset Management LLC grew its holdings in shares of W.W. Grainger by 30.4% in the second quarter. Creekmur Asset Management LLC now owns 266 shares of the industrial products company’s stock valued at $277,000 after purchasing an additional 62 shares during the period. Pinnacle Associates Ltd. grew its holdings in shares of W.W. Grainger by 24.5% in the second quarter. Pinnacle Associates Ltd. now owns 1,812 shares of the industrial products company’s stock valued at $1,885,000 after purchasing an additional 356 shares during the period. UNIVEST FINANCIAL Corp purchased a new stake in shares of W.W. Grainger in the second quarter valued at about $205,000. Finally, Simon Quick Advisors LLC grew its holdings in shares of W.W. Grainger by 25.4% in the second quarter. Simon Quick Advisors LLC now owns 257 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on GWW shares. Loop Capital lowered 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of W.W. Grainger in a research note on Thursday. JPMorgan Chase & Co. increased their target price on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Morgan Stanley lowered 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. Finally, Barclays started coverage on shares of W.W. Grainger in a research note on Wednesday, October 8th. They set an “underweight” rating and a $963.00 target price for the company. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1,053.71.

Insider Activity

In other 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 sale, the senior vice president owned 1,771 shares of the company’s stock, valued at approximately $1,758,355.06. This 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 can be accessed through the SEC website. Corporate insiders own 6.10% of the company’s stock.

W.W. Grainger Stock Up 2.3%

Shares of GWW opened at $978.00 on Friday. The stock has a market capitalization of $46.78 billion, a PE ratio of 24.82, a P/E/G ratio of 2.79 and a beta of 1.17. W.W. Grainger, Inc. has a 1 year low of $893.99 and a 1 year high of $1,227.66. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. The company’s 50-day simple moving average is $979.33 and its 200-day simple moving average is $1,015.87.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Friday, October 31st. The industrial products company reported $10.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.95 by $0.26. The business had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.64 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.87 earnings per share. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. Analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

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

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.