W.W. Grainger, Inc. $GWW Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its position in W.W. Grainger, Inc. (NYSE:GWW) by 7.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,530 shares of the industrial products company’s stock after selling 6,004 shares during the quarter. Mackenzie Financial Corp’s holdings in W.W. Grainger were worth $77,529,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of W.W. Grainger by 46.8% during the fourth quarter. Brighton Jones LLC now owns 320 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 102 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in W.W. Grainger during the 1st quarter worth approximately $242,000. Federated Hermes Inc. lifted its holdings in W.W. Grainger by 10.4% during the 1st quarter. Federated Hermes Inc. now owns 8,120 shares of the industrial products company’s stock worth $8,021,000 after buying an additional 767 shares in the last quarter. Natixis Advisors LLC lifted its holdings in W.W. Grainger by 1.0% during the 1st quarter. Natixis Advisors LLC now owns 14,835 shares of the industrial products company’s stock worth $14,654,000 after buying an additional 154 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in W.W. Grainger by 74.5% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 635 shares of the industrial products company’s stock valued at $627,000 after buying an additional 271 shares during the period. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Jonny M. Leroy sold 500 shares of the business’s stock in a transaction that occurred on 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 owned 1,771 shares in the company, valued at approximately $1,758,355.06. The trade was a 22.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.10% of the company’s stock.

W.W. Grainger Stock Up 0.4%

W.W. Grainger stock opened at $948.63 on Friday. The stock has a market cap of $45.11 billion, a PE ratio of 24.07, a P/E/G ratio of 2.79 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. The stock’s fifty day moving average is $953.35 and its two-hundred day moving average is $1,004.22. W.W. Grainger, Inc. has a 1-year low of $893.99 and a 1-year high of $1,215.00.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Friday, October 31st. The industrial products company reported $10.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.95 by $0.26. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The business had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same period in the prior year, the firm posted $9.87 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. On average, sell-side analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 10th will be paid a $2.26 dividend. This represents a $9.04 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, November 10th. W.W. Grainger’s dividend payout ratio is currently 25.35%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. upped 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, October 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of W.W. Grainger in a research note on Tuesday. Loop Capital cut their price target on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating on the stock in a report on Monday, August 4th. Royal Bank Of Canada increased their price target on W.W. Grainger from $1,006.00 to $1,050.00 and gave the company a “sector perform” rating in a research report on Monday, November 3rd. Finally, Morgan Stanley lowered their price objective 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. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, W.W. Grainger currently has an average rating of “Reduce” and a consensus target price of $1,009.43.

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.