OLD National Bancorp IN Purchases 322 Shares of W.W. Grainger, Inc. $GWW

OLD National Bancorp IN grew its position in W.W. Grainger, Inc. (NYSE:GWW) by 9.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,807 shares of the industrial products company’s stock after purchasing an additional 322 shares during the quarter. OLD National Bancorp IN’s holdings in W.W. Grainger were worth $3,960,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GWW. Vanguard Group Inc. grew its holdings in W.W. Grainger by 1.1% during 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 acquiring an additional 57,690 shares in the last quarter. JPMorgan Chase & Co. lifted 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 period. Dimensional Fund Advisors LP boosted its stake in shares of W.W. Grainger by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 416,086 shares of the industrial products company’s stock valued at $410,975,000 after purchasing an additional 6,797 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in W.W. Grainger by 4.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 306,829 shares of the industrial products company’s stock valued at $303,095,000 after buying an additional 13,330 shares during the period. Finally, Nuveen LLC bought a new position in W.W. Grainger in the first quarter worth approximately $285,574,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Insider Activity at W.W. Grainger

In other news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger 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 sale, the senior vice president directly owned 1,771 shares in the company, valued at approximately $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.10% of the company’s stock.

W.W. Grainger Trading Up 0.4%

Shares of NYSE:GWW opened at $957.17 on Monday. The business’s 50-day moving average is $987.72 and its 200 day moving average is $1,017.45. 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, Inc. has a 1 year low of $893.99 and a 1 year high of $1,227.66. The firm has a market capitalization of $45.78 billion, a P/E ratio of 24.29, a P/E/G ratio of 2.78 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share for the quarter, missing analysts’ consensus estimates 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%.W.W. Grainger’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.76 EPS. 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 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were issued a $2.26 dividend. 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%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GWW shares. Loop Capital cut their price target 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. Royal Bank Of Canada cut 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 research note on Monday, August 4th. Morgan Stanley reduced 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 report on Friday, July 11th. Weiss Ratings reissued a “buy (b)” rating on shares of W.W. Grainger in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. cut their price objective on shares of W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating on the stock in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $1,069.13.

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.