Mccarter Private Wealth Services LLC Takes $208,000 Position in W.W. Grainger, Inc. $GWW

Mccarter Private Wealth Services LLC acquired a new stake in W.W. Grainger, Inc. (NYSE:GWW) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 200 shares of the industrial products company’s stock, valued at approximately $208,000.

Several other large investors have also made changes to their positions in GWW. Brighton Jones LLC boosted its holdings in shares of W.W. Grainger by 46.8% in the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company’s stock valued at $338,000 after acquiring an additional 102 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of W.W. Grainger by 5.1% in the 1st quarter. Mather Group LLC. now owns 351 shares of the industrial products company’s stock valued at $346,000 after acquiring an additional 17 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of W.W. Grainger by 4.9% in the 1st quarter. DAVENPORT & Co LLC now owns 2,036 shares of the industrial products company’s stock valued at $2,012,000 after acquiring an additional 95 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of W.W. Grainger by 140.6% in the 1st quarter. Teacher Retirement System of Texas now owns 35,158 shares of the industrial products company’s stock valued at $34,730,000 after acquiring an additional 20,548 shares during the last quarter. Finally, Resonant Capital Advisors LLC boosted its holdings in shares of W.W. Grainger by 26.9% in the 1st quarter. Resonant Capital Advisors LLC now owns 302 shares of the industrial products company’s stock valued at $298,000 after acquiring an additional 64 shares during the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GWW has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of W.W. Grainger in a report on Thursday. Barclays began coverage on shares of W.W. Grainger in a report on Wednesday, October 8th. They set an “underweight” rating and a $963.00 price target on the stock. Loop Capital lowered their price target on shares of 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. 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 report on Friday, July 11th. Finally, 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 report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $1,053.71.

W.W. Grainger Stock Performance

NYSE:GWW opened at $978.00 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. The company has a fifty day moving average of $979.33 and a two-hundred day moving average of $1,015.87. The stock has a market capitalization of $46.78 billion, a PE ratio of 24.82, a P/E/G ratio of 2.79 and a beta of 1.17. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,227.66.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Friday, October 31st. The industrial products company reported $10.21 earnings per share for the quarter, topping analysts’ consensus estimates of $9.95 by $0.26. The company had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.64 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $9.87 earnings per share. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. As a group, research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently announced 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. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, November 10th. W.W. Grainger’s dividend payout ratio is 22.94%.

Insider Activity at W.W. Grainger

In other news, SVP Jonny M. Leroy sold 500 shares of the stock in a transaction dated 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 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 sale was disclosed in a filing 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.