Prime Capital Investment Advisors LLC Trims Stock Holdings in W.W. Grainger, Inc. $GWW

Prime Capital Investment Advisors LLC lowered its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 45.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 195 shares of the industrial products company’s stock after selling 162 shares during the period. Prime Capital Investment Advisors LLC’s holdings in W.W. Grainger were worth $203,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hilltop National Bank purchased a new position in W.W. Grainger in the second quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new position in W.W. Grainger during the 1st quarter worth approximately $25,000. Brown Lisle Cummings Inc. lifted its holdings in W.W. Grainger by 316.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company’s stock worth $26,000 after buying an additional 19 shares during the last quarter. Nova Wealth Management Inc. bought a new position in W.W. Grainger during the 1st quarter worth approximately $28,000. Finally, Grove Bank & Trust lifted its holdings in W.W. Grainger by 52.6% during the 2nd quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock worth $30,000 after buying an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Insider Buying and Selling

In related news, SVP Jonny M. Leroy sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $992.86, for a total value of $496,430.00. Following the sale, the senior vice president directly owned 1,771 shares in the company, valued at $1,758,355.06. This trade represents a 22.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.10% of the stock is currently owned by corporate insiders.

W.W. Grainger Stock Down 2.3%

Shares of W.W. Grainger stock opened at $946.61 on Monday. 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 business’s 50 day simple moving average is $981.31 and its 200-day simple moving average is $1,016.55. The stock has a market capitalization of $45.28 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 2.75 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.

W.W. Grainger (NYSE:GWW) last announced 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 company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Equities research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were given a $2.26 dividend. This represents a $9.04 annualized dividend and a yield of 1.0%. The ex-dividend date was Monday, August 11th. W.W. Grainger’s dividend payout ratio (DPR) is currently 22.94%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of W.W. Grainger in a report on Wednesday, October 8th. Loop Capital reduced their target price 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. Barclays assumed coverage on W.W. Grainger in a report on Wednesday, October 8th. They set an “underweight” rating and a $963.00 target price on the stock. Royal Bank Of Canada reduced 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 report on Monday, August 4th. Finally, JPMorgan Chase & Co. reduced their target price on W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating on the stock in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $1,073.88.

W.W. Grainger 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.