Nordea Investment Management AB Has $34.74 Million Holdings in W.W. Grainger, Inc. $GWW

Nordea Investment Management AB decreased its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 59.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 36,650 shares of the industrial products company’s stock after selling 54,831 shares during the period. Nordea Investment Management AB’s holdings in W.W. Grainger were worth $34,738,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Grove Bank & Trust increased its stake 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 valued at $30,000 after purchasing an additional 10 shares in the last quarter. Ridgewood Investments LLC grew its holdings in shares of W.W. Grainger by 50.0% during the second quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company’s stock valued at $31,000 after buying an additional 10 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of W.W. Grainger by 3.3% during the second quarter. Brighton Jones LLC now owns 313 shares of the industrial products company’s stock valued at $326,000 after buying an additional 10 shares during the last quarter. Freedom Investment Management Inc. increased its position in shares of W.W. Grainger by 5.4% during the second quarter. Freedom Investment Management Inc. now owns 215 shares of the industrial products company’s stock worth $224,000 after acquiring an additional 11 shares in the last quarter. Finally, Burney Co. raised its holdings in shares of W.W. Grainger by 0.6% in the 2nd quarter. Burney Co. now owns 1,757 shares of the industrial products company’s stock worth $1,828,000 after acquiring an additional 11 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors.

Insider Activity

In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,163 shares of the business’s stock in a transaction dated 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 $101,035,434.45. The trade was a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Krantz Nancy L. Berardinelli sold 195 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $1,023.93, for a total transaction of $199,666.35. Following the transaction, the vice president directly owned 3,174 shares of the company’s stock, valued at $3,249,953.82. This represents a 5.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 26,881 shares of company stock worth $26,157,155. Insiders own 6.10% of the company’s stock.

W.W. Grainger Stock Performance

Shares of W.W. Grainger stock opened at $1,052.03 on Thursday. The business’s fifty day simple moving average is $986.50 and its 200 day simple moving average is $990.76. The firm has a market capitalization of $50.02 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 2.55 and a beta of 1.12. W.W. Grainger, Inc. has a 12 month low of $893.99 and a 12 month high of $1,139.15. The company has a current ratio of 2.72, a quick ratio of 1.59 and a debt-to-equity ratio of 0.60.

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

W.W. Grainger Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank Of Canada lifted their price target on W.W. Grainger from $1,006.00 to $1,050.00 and gave the company a “sector perform” rating in a research note on Monday, November 3rd. Morgan Stanley cut their target price on W.W. Grainger from $1,150.00 to $1,100.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Barclays upped their price target on W.W. Grainger from $963.00 to $975.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. Weiss Ratings restated a “hold (c+)” rating on shares of W.W. Grainger in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of 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. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $1,009.43.

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.