Thurston Springer Miller Herd & Titak Inc. Trims Stock Position in W.W. Grainger, Inc. $GWW

by · The Cerbat Gem

Thurston Springer Miller Herd & Titak Inc. cut its stake in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 93.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 361 shares of the industrial products company’s stock after selling 5,227 shares during the period. W.W. Grainger accounts for approximately 0.7% of Thurston Springer Miller Herd & Titak Inc.’s portfolio, making the stock its 24th largest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in W.W. Grainger were worth $344,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GWW. Hilltop National Bank bought a new stake in shares of W.W. Grainger during the 2nd quarter valued at $25,000. Quaker Wealth Management LLC increased its stake in shares of W.W. Grainger by 196.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 24 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 49 shares in the last quarter. Brown Lisle Cummings Inc. lifted its position in W.W. Grainger by 316.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 19 shares during the period. Loomis Sayles & Co. L P bought a new stake in W.W. Grainger during the second quarter worth about $27,000. Finally, Asset Dedication LLC grew its holdings in W.W. Grainger by 136.4% in the second quarter. Asset Dedication LLC now owns 26 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

Shares of NYSE GWW opened at $1,023.77 on Wednesday. The firm’s 50-day moving average price is $960.22 and its 200-day moving average price is $995.45. W.W. Grainger, Inc. has a 52-week low of $893.99 and a 52-week high of $1,139.15. The company has a market cap of $48.68 billion, a PE ratio of 28.71, a PEG ratio of 2.80 and a beta of 1.11. 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 (NYSE:GWW – Get Free Report) last released its quarterly earnings data on Friday, October 31st. The industrial products company reported $10.21 earnings per share for the quarter, beating the consensus estimate of $9.95 by $0.26. W.W. Grainger had a net margin of 9.75% and a return on equity of 49.40%. The firm had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same period in the previous year, the company earned $9.87 earnings per share. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. As a group, analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current 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 paid a dividend of $2.26 per share. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, November 10th. W.W. Grainger’s payout ratio is currently 25.35%.

Analyst Ratings Changes

GWW has been the subject of several recent research reports. Barclays lifted their target price on shares of W.W. Grainger from $963.00 to $975.00 and gave the company an “underweight” rating in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of W.W. Grainger in a research note on Monday. Sanford C. Bernstein started coverage on W.W. Grainger in a report on Wednesday, November 12th. They set a “market perform” rating and a $975.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Finally, Morgan Stanley reduced their price objective on shares of W.W. Grainger from $1,150.00 to $1,100.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, W.W. Grainger presently has a consensus rating of “Reduce” and a consensus price target of $1,009.43.

Read Our Latest Stock Report on GWW

Insider Activity at W.W. Grainger

In other news, CEO Donald G. Macpherson sold 12,163 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 103,885 shares in the company, valued at $101,035,434.45. This represents a 10.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.10% of the stock is owned by insiders.

W.W. Grainger Profile

(Free Report)

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.

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