Concurrent Investment Advisors LLC Buys 209 Shares of W.W. Grainger, Inc. $GWW

Concurrent Investment Advisors LLC lifted its stake in W.W. Grainger, Inc. (NYSE:GWW) by 54.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 590 shares of the industrial products company’s stock after acquiring an additional 209 shares during the period. Concurrent Investment Advisors LLC’s holdings in W.W. Grainger were worth $613,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hilltop National Bank bought a new position in shares of W.W. Grainger in the second quarter worth $25,000. N.E.W. Advisory Services LLC bought a new position in shares of W.W. Grainger in the first quarter worth $25,000. Brown Lisle Cummings Inc. boosted its holdings in shares of W.W. Grainger by 316.7% in the second quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 19 shares during the period. Nova Wealth Management Inc. purchased a new stake in shares of W.W. Grainger in the first quarter worth $28,000. Finally, Grove Bank & Trust raised its position in shares of W.W. Grainger by 52.6% in the second quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock worth $30,000 after buying an additional 10 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GWW shares. Morgan Stanley lowered 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 report on Friday, July 11th. Royal Bank Of Canada lowered 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 report on Monday, August 4th. Barclays started coverage on W.W. Grainger in a research report on Wednesday, October 8th. They issued an “underweight” rating and a $963.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of W.W. Grainger in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, W.W. Grainger presently has an average rating of “Hold” and a consensus target price of $1,053.71.

W.W. Grainger Trading Up 0.2%

NYSE GWW opened at $956.36 on Friday. The stock’s 50-day simple moving average is $982.04 and its two-hundred day simple moving average is $1,015.00. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.66. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $45.74 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.78 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last released its quarterly 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). W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the previous year, the business earned $9.76 EPS. 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. Research analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

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

Insider Activity at W.W. Grainger

In other news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $992.86, for a total value of $496,430.00. Following the transaction, the senior vice president owned 1,771 shares in the company, valued at approximately $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.10% of the company’s stock.

W.W. Grainger Company 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.