Angeles Wealth Management LLC Purchases 96 Shares of W.W. Grainger, Inc. $GWW

Angeles Wealth Management LLC boosted its position in W.W. Grainger, Inc. (NYSE:GWW) by 21.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 537 shares of the industrial products company’s stock after acquiring an additional 96 shares during the quarter. Angeles Wealth Management LLC’s holdings in W.W. Grainger were worth $559,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Fiduciary Alliance LLC bought a new position in W.W. Grainger in the second quarter valued at $274,000. Pure Financial Advisors LLC bought a new position in W.W. Grainger in the second quarter valued at $287,000. J. Safra Sarasin Holding AG increased its stake in W.W. Grainger by 128.8% in the second quarter. J. Safra Sarasin Holding AG now owns 2,128 shares of the industrial products company’s stock valued at $2,214,000 after acquiring an additional 1,198 shares during the last quarter. Focus Partners Wealth increased its stake in W.W. Grainger by 7.5% in the first quarter. Focus Partners Wealth now owns 15,989 shares of the industrial products company’s stock valued at $15,795,000 after acquiring an additional 1,120 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its stake in W.W. Grainger by 1,685.7% in the first quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 118 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

W.W. Grainger stock opened at $956.36 on Friday. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average of $982.04 and a 200-day moving average of $1,015.00. The firm has a market cap of $45.74 billion, a P/E ratio of 24.27, a P/E/G ratio of 2.78 and a beta of 1.17. W.W. Grainger, Inc. has a 1-year low of $893.99 and a 1-year high of $1,227.66.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share for the quarter, missing analysts’ consensus estimates of $10.07 by ($0.10). The firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Sell-side analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were issued a dividend of $2.26 per share. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, August 11th. W.W. Grainger’s dividend payout ratio is currently 22.94%.

Insider Buying and Selling 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 transaction of $496,430.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays assumed coverage on W.W. Grainger in a research note on Wednesday, October 8th. They issued an “underweight” rating and a $963.00 target price on the stock. Royal Bank Of Canada reduced their price objective on W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. raised their price objective on W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a “neutral” rating in a research note on Wednesday. Morgan Stanley reduced their price objective on W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating on the stock in a research note on Friday, July 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of W.W. Grainger in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,053.71.

About W.W. Grainger

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.