Sachetta LLC Sells 56 Shares of W.W. Grainger, Inc. $GWW

Sachetta LLC reduced its position in W.W. Grainger, Inc. (NYSE:GWW) by 25.9% during the second quarter, Holdings Channel.com reports. The firm owned 160 shares of the industrial products company’s stock after selling 56 shares during the quarter. Sachetta LLC’s holdings in W.W. Grainger were worth $166,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GWW. Checchi Capital Advisers LLC increased its holdings in W.W. Grainger by 2.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 486 shares of the industrial products company’s stock worth $480,000 after acquiring an additional 10 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in W.W. Grainger by 3.2% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 323 shares of the industrial products company’s stock worth $319,000 after acquiring an additional 10 shares during the last quarter. Hemington Wealth Management increased its holdings in W.W. Grainger by 0.9% in the 1st quarter. Hemington Wealth Management now owns 1,139 shares of the industrial products company’s stock worth $1,125,000 after acquiring an additional 10 shares during the last quarter. Grove Bank & Trust increased its holdings in W.W. Grainger by 52.6% in the 2nd quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 10 shares during the last quarter. Finally, Ridgewood Investments LLC increased its holdings in W.W. Grainger by 50.0% in the 2nd quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 10 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors.

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 transaction of $496,430.00. Following the completion of the transaction, the senior vice president owned 1,771 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.10% of the company’s stock.

W.W. Grainger Stock Up 0.3%

GWW stock opened at $959.16 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $45.88 billion, a PE ratio of 24.34, a PEG ratio of 2.78 and a beta of 1.17. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.66. The stock has a 50-day simple moving average of $985.93 and a two-hundred day simple moving average of $1,017.36.

W.W. Grainger (NYSE:GWW) last posted its 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 company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, equities analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were issued a dividend of $2.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $9.04 annualized dividend and a dividend yield of 0.9%. W.W. Grainger’s payout ratio is presently 22.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GWW shares. JPMorgan Chase & Co. decreased their price objective on W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating for the company in a report on Thursday, September 4th. Weiss Ratings reissued a “buy (b)” rating on shares of W.W. Grainger in a report on Saturday, September 27th. Loop Capital decreased their price objective on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a report on Monday, August 4th. Royal Bank Of Canada decreased their price objective on W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating for the company in a report on Monday, August 4th. Finally, Morgan Stanley reduced their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $1,089.71.

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.