W.W. Grainger, Inc. $GWW Shares Sold by Simplicity Wealth LLC

Simplicity Wealth LLC lessened its stake in W.W. Grainger, Inc. (NYSE:GWW) by 57.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 712 shares of the industrial products company’s stock after selling 942 shares during the quarter. Simplicity Wealth LLC’s holdings in W.W. Grainger were worth $679,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GWW. Pure Financial Advisors LLC acquired a new position in shares of W.W. Grainger during the 2nd quarter worth approximately $287,000. J. Safra Sarasin Holding AG boosted its stake in W.W. Grainger by 128.8% in the 2nd quarter. J. Safra Sarasin Holding AG now owns 2,128 shares of the industrial products company’s stock worth $2,214,000 after buying an additional 1,198 shares during the last quarter. Cadinha & Co. LLC grew its holdings in W.W. Grainger by 470.8% in the third quarter. Cadinha & Co. LLC now owns 14,447 shares of the industrial products company’s stock valued at $13,768,000 after purchasing an additional 11,916 shares during the period. Resona Asset Management Co. Ltd. increased its holdings in shares of W.W. Grainger by 7.8% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 19,712 shares of the industrial products company’s stock worth $20,455,000 after buying an additional 1,428 shares during the last quarter. Finally, Parnassus Investments LLC acquired a new stake in W.W. Grainger during the third quarter worth about $721,202,000. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Stock Performance

GWW opened at $1,056.47 on Friday. The business has a 50 day moving average price of $1,002.66 and a two-hundred day moving average price of $991.59. W.W. Grainger, Inc. has a 1-year low of $893.99 and a 1-year high of $1,139.15. The company has a market capitalization of $50.24 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 2.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.72 and a quick ratio of 1.59.

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

W.W. Grainger Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 10th were issued 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 was Monday, November 10th. W.W. Grainger’s payout ratio is presently 25.35%.

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 stock was sold at an average price of $972.57, for a total transaction of $11,829,368.91. Following the sale, the chief executive officer owned 103,885 shares in the company, valued at approximately $101,035,434.45. The trade was a 10.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Krantz Nancy L. Berardinelli sold 195 shares of the business’s 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 sale, the vice president owned 3,174 shares in the company, valued at $3,249,953.82. This represents a 5.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 26,881 shares of company stock worth $26,157,155. Corporate insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

GWW has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of W.W. Grainger in a research report on Monday, December 29th. Barclays upped their target price 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. JPMorgan Chase & Co. increased their price target on shares of W.W. Grainger from $1,045.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Royal Bank Of Canada lifted their price objective 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. Finally, Morgan Stanley lowered their target price on W.W. Grainger from $1,150.00 to $1,100.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $1,016.57.

W.W. Grainger 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.