Bey Douglas LLC Has $5.53 Million Holdings in W.W. Grainger, Inc. $GWW

Bey Douglas LLC grew its stake in W.W. Grainger, Inc. (NYSE:GWW) by 34.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 5,320 shares of the industrial products company’s stock after buying an additional 1,366 shares during the quarter. W.W. Grainger makes up approximately 3.3% of Bey Douglas LLC’s portfolio, making the stock its 15th largest holding. Bey Douglas LLC’s holdings in W.W. Grainger were worth $5,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in GWW. Brighton Jones LLC lifted its position in shares of W.W. Grainger by 46.8% during the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 102 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of W.W. Grainger by 33.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,722 shares of the industrial products company’s stock worth $1,701,000 after purchasing an additional 431 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of W.W. Grainger by 2.2% during the 1st quarter. GAMMA Investing LLC now owns 701 shares of the industrial products company’s stock worth $692,000 after purchasing an additional 15 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in shares of W.W. Grainger during the 1st quarter worth about $203,000. Finally, Ferguson Wellman Capital Management Inc. lifted its position in shares of W.W. Grainger by 6.3% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 339 shares of the industrial products company’s stock worth $335,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. 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 report on Monday, August 4th. Morgan Stanley cut their price objective on W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating for the company in a research report on Friday, July 11th. JPMorgan Chase & Co. cut their price target on W.W. Grainger from $1,125.00 to $1,035.00 and set a “neutral” rating for the company in a report on Thursday, September 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of W.W. Grainger in a report on Wednesday. Finally, Barclays began coverage on W.W. Grainger in a report on Wednesday. They issued an “underweight” rating and a $963.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $1,073.88.

Insider Buying and Selling at W.W. Grainger

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 sale, the senior vice president directly owned 1,771 shares in the company, valued at approximately $1,758,355.06. This represents a 22.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 6.10% of the company’s stock.

W.W. Grainger Trading Down 2.3%

GWW stock opened at $946.61 on Friday. W.W. Grainger, Inc. has a 1-year low of $893.99 and a 1-year high of $1,227.66. The firm has a market cap of $45.28 billion, a P/E ratio of 24.02, a P/E/G ratio of 2.81 and a beta of 1.17. The business’s 50 day moving average is $981.31 and its 200-day moving average is $1,016.15. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 earnings per share for the quarter, missing the consensus estimate of $10.07 by ($0.10). W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the company posted $9.76 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were paid a $2.26 dividend. This represents a $9.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, August 11th. W.W. Grainger’s dividend payout ratio is currently 22.94%.

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.