Atria Wealth Solutions Inc. Sells 2,387 Shares of W.W. Grainger, Inc. $GWW

Atria Wealth Solutions Inc. trimmed its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 88.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 326 shares of the industrial products company’s stock after selling 2,387 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in W.W. Grainger were worth $340,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of W.W. Grainger by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company’s stock worth $5,322,801,000 after acquiring an additional 57,690 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in W.W. Grainger by 10.1% during the 1st quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company’s stock valued at $812,403,000 after buying an additional 75,644 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in W.W. Grainger by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 416,086 shares of the industrial products company’s stock valued at $410,975,000 after buying an additional 6,797 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in W.W. Grainger by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 306,829 shares of the industrial products company’s stock valued at $303,095,000 after buying an additional 13,330 shares during the last quarter. Finally, Nuveen LLC bought a new stake in W.W. Grainger during the 1st quarter valued at $285,574,000. 80.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 sale, the senior vice president directly owned 1,771 shares of the company’s stock, valued at approximately $1,758,355.06. This represents a 22.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GWW shares. Barclays started coverage on shares of W.W. Grainger in a report on Wednesday, October 8th. They set an “underweight” rating and a $963.00 price target for the company. Morgan Stanley lowered their price target on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating for the company in a report on Friday, July 11th. Loop Capital lowered their price target on shares of W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a report on Monday, August 4th. JPMorgan Chase & Co. upped their price target on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada reduced their price objective on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating on the stock in a research report on Monday, August 4th. Two investment analysts have 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1,053.71.

W.W. Grainger Stock Up 1.7%

NYSE:GWW opened at $970.85 on Tuesday. The firm’s 50-day moving average price is $982.66 and its 200-day moving average price is $1,015.55. The company has a market capitalization of $46.44 billion, a PE ratio of 24.63, a P/E/G ratio of 2.78 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64. 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 released 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 business had revenue of $4.55 billion during 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 firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. On average, equities analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were given a $2.26 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. 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.