Bessemer Group Inc. Has $3.29 Million Stock Holdings in W.W. Grainger, Inc. $GWW

Bessemer Group Inc. decreased its stake in W.W. Grainger, Inc. (NYSE:GWW) by 19.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,160 shares of the industrial products company’s stock after selling 756 shares during the period. Bessemer Group Inc.’s holdings in W.W. Grainger were worth $3,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Schmidt P J Investment Management Inc. increased its stake in shares of W.W. Grainger by 5.1% in the second quarter. Schmidt P J Investment Management Inc. now owns 5,573 shares of the industrial products company’s stock valued at $5,797,000 after buying an additional 272 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in shares of W.W. Grainger by 4.4% in the second quarter. Ashton Thomas Private Wealth LLC now owns 1,796 shares of the industrial products company’s stock valued at $1,868,000 after buying an additional 76 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of W.W. Grainger by 2.7% in the second quarter. Envestnet Asset Management Inc. now owns 107,175 shares of the industrial products company’s stock valued at $111,488,000 after buying an additional 2,867 shares during the period. Wealthfront Advisers LLC increased its stake in shares of W.W. Grainger by 2.2% in the second quarter. Wealthfront Advisers LLC now owns 8,932 shares of the industrial products company’s stock valued at $9,291,000 after buying an additional 191 shares during the period. Finally, Interchange Capital Partners LLC acquired a new stake in W.W. Grainger during the second quarter worth approximately $76,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insider Transactions at W.W. Grainger

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

W.W. Grainger Stock Down 0.6%

Shares of NYSE:GWW opened at $957.92 on Thursday. The business’s 50 day simple moving average is $980.95 and its two-hundred day simple moving average is $1,016.45. The firm has a market cap of $45.82 billion, a P/E ratio of 24.31, a PEG ratio of 2.80 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. W.W. Grainger, Inc. has a 52-week low of $893.99 and a 52-week 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 (EPS) for the quarter, missing the consensus estimate of $10.07 by ($0.10). The firm 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%.The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. As a group, research analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 10th will be issued a $2.26 dividend. The ex-dividend date is Monday, November 10th. This represents a $9.04 annualized dividend and a yield of 0.9%. W.W. Grainger’s dividend payout ratio is presently 22.94%.

Wall Street Analyst Weigh In

GWW has been the subject of several recent analyst reports. Loop Capital decreased their target price on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a research note on Monday, August 4th. JPMorgan Chase & Co. raised their target price on W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Morgan Stanley decreased 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 research note on Friday, July 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of W.W. Grainger in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their target price on W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating for the company in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $1,053.71.

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.