Brendel Financial Advisors LLC Sells 2,757 Shares of W.W. Grainger, Inc. $GWW

Brendel Financial Advisors LLC reduced its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 86.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 437 shares of the industrial products company’s stock after selling 2,757 shares during the quarter. Brendel Financial Advisors LLC’s holdings in W.W. Grainger were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of W.W. Grainger by 46.8% in the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 102 shares during the period. Evergreen Capital Management LLC grew its holdings in W.W. Grainger by 39.2% during the first quarter. Evergreen Capital Management LLC now owns 334 shares of the industrial products company’s stock worth $330,000 after purchasing an additional 94 shares during the period. Nomura Holdings Inc. increased its position in W.W. Grainger by 33.5% during the first quarter. Nomura Holdings Inc. now owns 3,272 shares of the industrial products company’s stock worth $3,232,000 after buying an additional 821 shares during the last quarter. EP Wealth Advisors LLC increased its position in W.W. Grainger by 2.7% during the first quarter. EP Wealth Advisors LLC now owns 8,505 shares of the industrial products company’s stock worth $8,402,000 after buying an additional 226 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec raised its stake in W.W. Grainger by 18.4% in the first quarter. Federation des caisses Desjardins du Quebec now owns 5,192 shares of the industrial products company’s stock valued at $5,130,000 after buying an additional 806 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Stock Down 0.4%

GWW opened at $1,021.92 on Wednesday. The stock has a fifty day moving average of $973.64 and a 200-day moving average of $991.61. The company has a market capitalization of $48.59 billion, a P/E ratio of 28.66, a P/E/G ratio of 2.79 and a beta of 1.11. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,139.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.59 and a current ratio of 2.72.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Friday, October 31st. The industrial products company reported $10.21 EPS 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 business had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same period in the prior year, the company posted $9.87 earnings per share. W.W. Grainger’s 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, equities analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 10th were paid a $2.26 dividend. This represents a $9.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, November 10th. W.W. Grainger’s payout ratio is 25.35%.

Insider Buying and Selling

In other W.W. Grainger news, VP Krantz Nancy L. Berardinelli sold 195 shares of the firm’s stock in a transaction on 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 trade represents a 5.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Donald G. Macpherson sold 12,163 shares of W.W. Grainger 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 transaction, the chief executive officer directly owned 103,885 shares of the company’s stock, valued at $101,035,434.45. This represents a 10.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,881 shares of company stock worth $26,157,155 in the last three months. 6.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank Of Canada lifted their target price on W.W. Grainger from $1,006.00 to $1,050.00 and gave the stock a “sector perform” rating in a research note on Monday, November 3rd. Sanford C. Bernstein initiated coverage on shares of W.W. Grainger in a report on Wednesday, November 12th. They issued a “market perform” rating and a $975.00 price objective on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of W.W. Grainger in a research report on Monday. JPMorgan Chase & Co. raised their target price 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 decreased their price target on shares of W.W. Grainger from $1,150.00 to $1,100.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $1,009.43.

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.