L.M. Kohn & Company Takes Position in W.W. Grainger, Inc. $GWW

L.M. Kohn & Company acquired a new stake in W.W. Grainger, Inc. (NYSE:GWW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 229 shares of the industrial products company’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also modified their holdings of GWW. Hilltop National Bank purchased a new position in shares of W.W. Grainger in the 2nd quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of W.W. Grainger in the 1st quarter valued at about $25,000. Brown Lisle Cummings Inc. increased its stake in shares of W.W. Grainger by 316.7% in the 2nd 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 in the last quarter. Nova Wealth Management Inc. purchased a new position in shares of W.W. Grainger in the 1st quarter valued at about $28,000. Finally, Grove Bank & Trust increased its stake in shares of W.W. Grainger by 52.6% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Price Performance

NYSE:GWW opened at $957.92 on Thursday. 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 stock has a 50 day moving average of $980.95 and a two-hundred day moving average of $1,016.45. The firm has a market cap of $45.82 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 2.80 and a beta of 1.17. W.W. Grainger, Inc. has a 12 month low of $893.99 and a 12 month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share (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 analysts’ expectations of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. W.W. Grainger’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, 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 business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 10th will be given a $2.26 dividend. The ex-dividend date is Monday, November 10th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. W.W. Grainger’s dividend payout ratio is 22.94%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of W.W. Grainger in a research note on Wednesday, October 8th. Morgan Stanley cut their price target 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. Barclays initiated coverage on W.W. Grainger in a research note on Wednesday, October 8th. They set an “underweight” rating and a $963.00 price objective for the company. Finally, Loop Capital cut their price objective 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. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1,053.71.

Insider Activity

In other news, SVP Jonny M. Leroy sold 500 shares of the company’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 completion of the sale, the senior vice president directly owned 1,771 shares in the company, valued at $1,758,355.06. This represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.10% of the stock is owned by company insiders.

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.