W.W. Grainger (NYSE:GWW) Shares Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of W.W. Grainger, Inc. (NYSE:GWW). In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in W.W. Grainger stock on December 12th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Block (NYSE:SQ) on 12/30/2024.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/30/2024.
• Sold $1,001 – $15,000 in shares of Ambev (NYSE:ABEV) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Grupo Financiero Banorte (OTCMKTS:GBOOY) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Cadre (NYSE:CDRE) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Coloplast A/S (OTCMKTS:CLPBY) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 12/23/2024.
• Sold $1,001 – $15,000 in shares of Trane Technologies (NYSE:TT) on 12/23/2024.
• Purchased $1,001 – $15,000 in shares of Walmart (NYSE:WMT) on 12/20/2024.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/19/2024.

W.W. Grainger Trading Up 0.6 %

Shares of GWW opened at $1,093.92 on Thursday. The company has a quick ratio of 1.68, a current ratio of 2.59 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $53.27 billion, a P/E ratio of 29.65, a PEG ratio of 3.15 and a beta of 1.18. W.W. Grainger, Inc. has a twelve month low of $833.50 and a twelve month high of $1,227.66. The firm has a fifty day simple moving average of $1,138.78 and a two-hundred day simple moving average of $1,048.51.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing analysts’ consensus estimates of $9.98 by ($0.11). W.W. Grainger had a return on equity of 51.78% and a net margin of 10.80%. The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.40 billion. During the same period in the previous year, the business earned $9.43 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. On average, research analysts anticipate that W.W. Grainger, Inc. will post 38.94 EPS for the current year.

W.W. Grainger Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Monday, November 11th were paid a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, November 8th. W.W. Grainger’s payout ratio is 22.23%.

Hedge Funds Weigh In On W.W. Grainger

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GWW. Massachusetts Financial Services Co. MA purchased a new position in shares of W.W. Grainger in the second quarter worth $281,104,000. International Assets Investment Management LLC increased its holdings in W.W. Grainger by 92,754.3% in the 3rd quarter. International Assets Investment Management LLC now owns 87,283 shares of the industrial products company’s stock worth $906,700,000 after buying an additional 87,189 shares in the last quarter. Renaissance Technologies LLC raised its position in W.W. Grainger by 563.3% in the 2nd quarter. Renaissance Technologies LLC now owns 72,300 shares of the industrial products company’s stock worth $65,232,000 after buying an additional 61,400 shares during the last quarter. Champlain Investment Partners LLC bought a new position in W.W. Grainger during the 3rd quarter valued at about $55,815,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of W.W. Grainger by 1,653.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 56,978 shares of the industrial products company’s stock valued at $60,058,000 after acquiring an additional 53,729 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley lifted their price target on W.W. Grainger from $990.00 to $1,215.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 19th. Loop Capital boosted their target price on shares of W.W. Grainger from $900.00 to $1,100.00 and gave the company a “hold” rating in a report on Monday, October 21st. Oppenheimer downgraded shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 17th. Bank of America initiated coverage on shares of W.W. Grainger in a research report on Monday, October 7th. They set an “underperform” rating and a $925.00 price target for the company. Finally, StockNews.com cut shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, W.W. Grainger has an average rating of “Hold” and an average price target of $1,140.56.

Insider Transactions at W.W. Grainger

In other W.W. Grainger news, VP Laurie R. Thomson sold 125 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $1,206.03, for a total transaction of $150,753.75. Following the completion of the sale, the vice president now directly owns 675 shares in the company, valued at $814,070.25. The trade was a 15.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Deidra C. Merriwether sold 704 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $1,105.59, for a total transaction of $778,335.36. Following the sale, the chief financial officer now directly owns 9,509 shares of the company’s stock, valued at $10,513,055.31. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,406 shares of company stock worth $11,634,643 over the last three months. 9.50% of the stock is currently owned by company insiders.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

W.W. Grainger Company Profile

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.