Voya Investment Management LLC Has $85.25 Million Stock Position in W.W. Grainger, Inc. $GWW

Voya Investment Management LLC boosted its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 42.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 89,665 shares of the industrial products company’s stock after purchasing an additional 26,699 shares during the quarter. Voya Investment Management LLC’s holdings in W.W. Grainger were worth $85,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of GWW. Grove Bank & Trust lifted its holdings in W.W. Grainger by 52.6% in the second quarter. Grove Bank & Trust now owns 29 shares of the industrial products company’s stock valued at $30,000 after buying an additional 10 shares during the period. Ridgewood Investments LLC lifted its stake in shares of W.W. Grainger by 50.0% in the 2nd quarter. Ridgewood Investments LLC now owns 30 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 10 shares during the period. Brighton Jones LLC boosted its position in shares of W.W. Grainger by 3.3% in the 2nd quarter. Brighton Jones LLC now owns 313 shares of the industrial products company’s stock worth $326,000 after purchasing an additional 10 shares during the last quarter. Freedom Investment Management Inc. grew its stake in shares of W.W. Grainger by 5.4% during the second quarter. Freedom Investment Management Inc. now owns 215 shares of the industrial products company’s stock worth $224,000 after purchasing an additional 11 shares during the period. Finally, Burney Co. increased its holdings in W.W. Grainger by 0.6% in the second quarter. Burney Co. now owns 1,757 shares of the industrial products company’s stock valued at $1,828,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Trading Up 0.5%

NYSE:GWW opened at $1,025.12 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.72 and a debt-to-equity ratio of 0.60. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,139.15. The company has a market cap of $48.74 billion, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 2.77 and a beta of 1.11. The business has a 50 day moving average price of $963.92 and a two-hundred day moving average price of $995.46.

W.W. Grainger (NYSE:GWW) last released its earnings results on Friday, October 31st. The industrial products company reported $10.21 earnings per share for the quarter, beating analysts’ consensus estimates of $9.95 by $0.26. The business had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.64 billion. W.W. Grainger had a net margin of 9.75% and a return on equity of 49.40%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $9.87 earnings per share. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. As a group, analysts expect 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, December 1st. Shareholders of record on Monday, November 10th were given a dividend of $2.26 per share. This represents a $9.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, November 10th. W.W. Grainger’s dividend payout ratio is 25.35%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GWW. Morgan Stanley decreased 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 research report on Tuesday, November 25th. Sanford C. Bernstein initiated coverage on shares of W.W. Grainger in a report on Wednesday, November 12th. They set a “market perform” rating and a $975.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of W.W. Grainger in a report on Monday. Royal Bank Of Canada boosted their price target on shares of W.W. Grainger from $1,006.00 to $1,050.00 and gave the company a “sector perform” rating in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, W.W. Grainger presently has an average rating of “Reduce” and an average price target of $1,009.43.

Insiders Place Their Bets

In other W.W. Grainger news, CEO Donald G. Macpherson sold 12,163 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $972.57, for a total value of $11,829,368.91. Following the completion of the sale, the chief executive officer owned 103,885 shares in the company, valued at $101,035,434.45. This trade represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Krantz Nancy L. Berardinelli sold 195 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $1,023.93, for a total transaction of $199,666.35. Following the transaction, the vice president owned 3,174 shares in the company, valued at $3,249,953.82. This represents a 5.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 26,881 shares of company stock valued at $26,157,155. Corporate insiders own 6.10% of the company’s stock.

W.W. Grainger Company 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.