DAVENPORT & Co LLC Sells 29 Shares of W.W. Grainger, Inc. $GWW

DAVENPORT & Co LLC decreased its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,007 shares of the industrial products company’s stock after selling 29 shares during the period. DAVENPORT & Co LLC’s holdings in W.W. Grainger were worth $2,088,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Fiduciary Alliance LLC bought a new stake in shares of W.W. Grainger during the second quarter worth $274,000. Pure Financial Advisors LLC bought a new stake in shares of W.W. Grainger during the second quarter worth $287,000. J. Safra Sarasin Holding AG increased its position in shares of W.W. Grainger by 128.8% during the second quarter. J. Safra Sarasin Holding AG now owns 2,128 shares of the industrial products company’s stock worth $2,214,000 after acquiring an additional 1,198 shares in the last quarter. Focus Partners Wealth increased its position in shares of W.W. Grainger by 7.5% during the first quarter. Focus Partners Wealth now owns 15,989 shares of the industrial products company’s stock worth $15,795,000 after acquiring an additional 1,120 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in shares of W.W. Grainger by 1,685.7% during the first quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 118 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

Shares of GWW stock opened at $967.17 on Friday. The stock has a market cap of $46.26 billion, a P/E ratio of 24.54, a P/E/G ratio of 2.81 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64. The company has a fifty day moving average price of $981.02 and a two-hundred day moving average price of $1,016.44. W.W. Grainger, Inc. has a one year low of $893.99 and a one year high of $1,227.66.

W.W. Grainger (NYSE:GWW) last announced 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 analyst estimates 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 was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, equities 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 declared a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were paid a $2.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a yield of 0.9%. W.W. Grainger’s dividend payout ratio (DPR) is currently 22.94%.

Wall Street Analyst Weigh In

Several research analysts recently commented on GWW shares. Royal Bank Of Canada reduced their target price on shares of 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. Loop Capital reduced 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 report on Monday, August 4th. Weiss Ratings restated a “buy (b)” rating on shares of W.W. Grainger in a report on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of 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. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1,073.88.

Insider Buying and Selling

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $992.86, for a total value of $496,430.00. Following the completion of the sale, the senior vice president owned 1,771 shares in the company, valued at $1,758,355.06. This trade represents a 22.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.10% of the stock is currently owned by corporate insiders.

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.