Rep. Josh Gottheimer Sells Off Shares of W.W. Grainger, Inc. (NYSE:GWW)

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 Price Performance

NYSE GWW opened at $1,109.85 on Friday. W.W. Grainger, Inc. has a twelve month low of $836.84 and a twelve month high of $1,227.66. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.59. The stock has a market capitalization of $54.05 billion, a PE ratio of 30.09, a P/E/G ratio of 2.70 and a beta of 1.18. The stock has a 50-day simple moving average of $1,136.75 and a 200 day simple moving average of $1,048.83.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing the consensus estimate of $9.98 by ($0.11). The firm had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.40 billion. W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $9.43 EPS. Research analysts anticipate that W.W. Grainger, Inc. will post 38.97 EPS for the current year.

W.W. Grainger Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Monday, November 11th were given a dividend of $2.05 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $8.20 annualized dividend and a dividend yield of 0.74%. W.W. Grainger’s dividend payout ratio is presently 22.23%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Loop Capital upped their price target on 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 cut W.W. Grainger from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. UBS Group began coverage on W.W. Grainger in a report on Wednesday, November 13th. They issued a “neutral” rating and a $1,280.00 target price for the company. Baird R W raised W.W. Grainger from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Wolfe Research raised W.W. Grainger to a “hold” rating in a report on Sunday, September 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,140.56.

Insider Buying and Selling at W.W. Grainger

In other news, CFO Deidra C. Merriwether sold 704 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $1,105.59, for a total value of $778,335.36. Following the completion of the transaction, the chief financial officer now owns 9,509 shares in the company, valued at $10,513,055.31. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paige K. Robbins sold 9,577 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $1,117.84, for a total value of $10,705,553.68. Following the completion of the transaction, the vice president now owns 4,379 shares of the company’s stock, valued at $4,895,021.36. The trade was a 68.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,406 shares of company stock valued at $11,634,643 in the last 90 days. 9.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GWW. HWG Holdings LP acquired a new stake in W.W. Grainger during the 2nd quarter worth $26,000. GHP Investment Advisors Inc. raised its stake in W.W. Grainger by 250.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 28 shares of the industrial products company’s stock worth $29,000 after buying an additional 20 shares during the period. Larson Financial Group LLC raised its stake in W.W. Grainger by 111.1% during the 3rd quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock worth $40,000 after buying an additional 20 shares during the period. Fortitude Family Office LLC raised its stake in shares of W.W. Grainger by 38.9% in the 3rd quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 14 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of W.W. Grainger in the 3rd quarter valued at about $75,000. 80.70% of the stock is currently owned by institutional investors.

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.