Sumitomo Mitsui Trust Group Inc. Purchases 829 Shares of W.W. Grainger, Inc. $GWW

Sumitomo Mitsui Trust Group Inc. increased its position in W.W. Grainger, Inc. (NYSE:GWW) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 115,485 shares of the industrial products company’s stock after buying an additional 829 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of W.W. Grainger worth $110,053,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GWW. Hilltop National Bank bought a new position in shares of W.W. Grainger in the second quarter worth about $25,000. Quaker Wealth Management LLC lifted its holdings in W.W. Grainger by 196.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 24 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 49 shares in the last quarter. Brown Lisle Cummings Inc. boosted its stake in 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 worth $26,000 after purchasing an additional 19 shares during the period. Loomis Sayles & Co. L P bought a new position in W.W. Grainger in the 2nd quarter worth approximately $27,000. Finally, Asset Dedication LLC grew its holdings in W.W. Grainger by 136.4% during the 2nd quarter. Asset Dedication LLC now owns 26 shares of the industrial products company’s stock valued at $27,000 after buying an additional 15 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

Insider Activity at W.W. Grainger

In other news, VP Krantz Nancy L. Berardinelli sold 195 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $1,023.93, for a total value of $199,666.35. Following the completion of the transaction, the vice president owned 3,174 shares in the company, valued at approximately $3,249,953.82. The trade was a 5.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Donald G. Macpherson sold 12,163 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $972.57, for a total value of $11,829,368.91. Following the transaction, the chief executive officer directly owned 103,885 shares in the company, valued at approximately $101,035,434.45. This represents a 10.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,881 shares of company stock valued at $26,157,155 over the last ninety days. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GWW shares. Royal Bank Of Canada boosted their target price on shares of W.W. Grainger from $1,006.00 to $1,050.00 and gave the stock a “sector perform” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of W.W. Grainger in a report on Monday, December 29th. Morgan Stanley decreased their price target on shares of W.W. Grainger from $1,150.00 to $1,100.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. Barclays raised their price objective on W.W. Grainger from $963.00 to $975.00 and gave the company an “underweight” rating in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. lifted their target price on W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $1,009.43.

W.W. Grainger Price Performance

GWW stock opened at $1,040.86 on Wednesday. W.W. Grainger, Inc. has a 52 week low of $893.99 and a 52 week high of $1,139.15. The firm has a market capitalization of $49.49 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 2.53 and a beta of 1.12. The company has a fifty day simple moving average of $984.70 and a two-hundred day simple moving average of $990.33. The company has a quick ratio of 1.59, a current ratio of 2.72 and a debt-to-equity ratio of 0.60.

W.W. Grainger (NYSE:GWW) last announced its earnings results on Friday, October 31st. The industrial products company reported $10.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.95 by $0.26. W.W. Grainger had a net margin of 9.75% and a return on equity of 49.40%. The firm had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same period in the prior year, the company earned $9.87 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. Analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 10th were paid a $2.26 dividend. This represents a $9.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, November 10th. W.W. Grainger’s dividend payout ratio (DPR) is presently 25.35%.

W.W. Grainger Company Profile

W.W. Grainger, Inc (NYSE: GWW) is an industrial supply distributor founded in 1927 and headquartered in Lake Forest, Illinois. The company supplies maintenance, repair and operations (MRO) products and services to businesses, institutions and government customers. Over its long history Grainger has developed a broad product assortment and a national distribution network that supports operations across a range of end markets, including manufacturing, healthcare, hospitality, transportation and public sector organizations.

Grainger’s product portfolio spans core categories such as electrical and lighting, safety and personal protective equipment, material handling, motors and power transmission, plumbing and HVAC, fasteners and adhesives, hand and power tools, and janitorial and facility supplies.