Golden State Equity Partners Lowers Holdings in W.W. Grainger, Inc. (NYSE:GWW)

31 Oct 2024, 06:06 by Jessica Moore · The Cerbat Gem

Golden State Equity Partners decreased its holdings in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 15.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 394 shares of the industrial products company’s stock after selling 73 shares during the quarter. Golden State Equity Partners’ holdings in W.W. Grainger were worth $409,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GWW. HWG Holdings LP acquired a new position in W.W. Grainger in the 2nd quarter worth about $26,000. GHP Investment Advisors Inc. increased its holdings in shares of W.W. Grainger by 250.0% in the third quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 20 shares during the last quarter. Washington Trust Advisors Inc. increased its holdings in shares of W.W. Grainger by 225.0% in the first quarter. Washington Trust Advisors Inc. now owns 39 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 27 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of W.W. Grainger in the first quarter valued at approximately $41,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of W.W. Grainger in the second quarter valued at approximately $42,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

GWW has been the subject of several recent research reports. Robert W. Baird raised W.W. Grainger from a “neutral” rating to an “outperform” rating and increased their price target for the company from $975.00 to $1,230.00 in a report on Wednesday, October 16th. Loop Capital increased their price objective on W.W. Grainger from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Bank of America initiated coverage on W.W. Grainger in a research report on Monday, October 7th. They issued an “underperform” rating and a $925.00 price objective for the company. Baird R W upgraded W.W. Grainger from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer lowered W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $1,043.20.

Read Our Latest Research Report on GWW

W.W. Grainger Stock Up 0.2 %

GWW opened at $1,100.34 on Thursday. The business’s 50-day simple moving average is $1,030.55 and its 200-day simple moving average is $969.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.30. W.W. Grainger, Inc. has a one year low of $721.99 and a one year high of $1,129.92. The stock has a market capitalization of $53.99 billion, a P/E ratio of 30.38, a price-to-earnings-growth ratio of 3.07 and a beta of 1.16.

W.W. Grainger (NYSE:GWW – Get Free Report) last posted its earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, topping analysts’ consensus estimates of $9.58 by $0.18. W.W. Grainger had a return on equity of 53.25% and a net margin of 10.86%. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the firm earned $9.28 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. Analysts anticipate that W.W. Grainger, Inc. will post 38.69 EPS for the current year.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Monday, November 11th will be issued a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.75%. W.W. Grainger’s dividend payout ratio is currently 22.64%.

Insider Buying and Selling

In related news, CEO Donald G. Macpherson sold 12,992 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the transaction, the chief executive officer now owns 98,567 shares of the company’s stock, valued at $102,281,004.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other W.W. Grainger news, CEO Donald G. Macpherson sold 27,502 shares of W.W. Grainger stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the sale, the chief executive officer now owns 111,559 shares of the company’s stock, valued at approximately $111,650,478.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Donald G. Macpherson sold 12,992 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total value of $13,481,538.56. Following the completion of the sale, the chief executive officer now owns 98,567 shares in the company, valued at approximately $102,281,004.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.

About W.W. Grainger

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