Apollon Wealth Management LLC Reduces Stake in W.W. Grainger, Inc. $GWW

Apollon Wealth Management LLC trimmed its stake in W.W. Grainger, Inc. (NYSE:GWW) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,725 shares of the industrial products company’s stock after selling 150 shares during the quarter. Apollon Wealth Management LLC’s holdings in W.W. Grainger were worth $2,835,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GWW. N.E.W. Advisory Services LLC purchased a new position in W.W. Grainger in the first quarter valued at about $25,000. Hilltop National Bank purchased a new position in W.W. Grainger in the second quarter valued at about $25,000. Brown Lisle Cummings Inc. raised its position in shares of W.W. Grainger by 316.7% in the second quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 19 shares during the period. Nova Wealth Management Inc. bought a new stake in shares of W.W. Grainger in the first quarter valued at approximately $28,000. Finally, Grove Bank & Trust raised its position in shares of W.W. Grainger by 52.6% in the second quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 10 shares during the period. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other 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 value of $496,430.00. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

GWW has been the topic of several research reports. Royal Bank Of Canada lowered their price target on shares of 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. Barclays initiated coverage on shares of W.W. Grainger in a research report on Wednesday, October 8th. They issued an “underweight” rating and a $963.00 price target on the stock. Morgan Stanley lowered their price target on shares of 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. JPMorgan Chase & Co. lowered their price target 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of W.W. Grainger in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,073.88.

W.W. Grainger Stock Performance

W.W. Grainger stock opened at $946.61 on Monday. The firm’s 50 day simple moving average is $981.31 and its 200 day simple moving average is $1,016.55. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $45.28 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 2.75 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.

W.W. Grainger (NYSE:GWW) last issued 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 company had revenue of $4.55 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share 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 paid 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 1.0%. W.W. Grainger’s dividend payout ratio is 22.94%.

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.