Impax Asset Management Group plc Acquires 7,032 Shares of W.W. Grainger, Inc. $GWW

Impax Asset Management Group plc lifted its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 927.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,790 shares of the industrial products company’s stock after buying an additional 7,032 shares during the quarter. Impax Asset Management Group plc’s holdings in W.W. Grainger were worth $8,103,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new stake in W.W. Grainger in the first quarter worth $25,000. Hilltop National Bank purchased a new stake in shares of W.W. Grainger during the second quarter valued at $25,000. Quaker Wealth Management LLC grew its holdings in shares of W.W. Grainger by 196.0% in the second quarter. Quaker Wealth Management LLC now owns 24 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 49 shares during the last quarter. Brown Lisle Cummings Inc. increased its stake in W.W. Grainger by 316.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company’s stock worth $26,000 after buying an additional 19 shares during the period. Finally, Nova Wealth Management Inc. bought a new stake in W.W. Grainger during the 1st quarter valued at about $28,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

GWW stock opened at $934.58 on Friday. W.W. Grainger, Inc. has a one year low of $893.99 and a one year high of $1,227.44. The firm has a market cap of $44.44 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.79 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. The firm has a 50-day simple moving average of $967.77 and a two-hundred day simple moving average of $1,012.89.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Friday, October 31st. The industrial products company reported $10.21 EPS for the quarter, topping the consensus estimate of $9.95 by $0.26. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The firm had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the previous year, the business posted $9.87 EPS. W.W. Grainger’s 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. On average, equities analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 10th will be given a $2.26 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 1.0%. W.W. Grainger’s dividend payout ratio (DPR) is presently 25.35%.

Analysts Set New Price Targets

Several research firms have issued reports on GWW. JPMorgan Chase & Co. boosted their price objective on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Loop Capital lowered their price target on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a report on Monday, August 4th. Sanford C. Bernstein started coverage on W.W. Grainger in a research note on Wednesday. They issued a “market perform” rating and a $975.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of W.W. Grainger in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada upped 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 report on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, W.W. Grainger has a consensus rating of “Hold” and a consensus target price of $1,018.00.

Insider Buying and Selling at W.W. Grainger

In related news, SVP Jonny M. Leroy sold 500 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $992.86, for a total transaction of $496,430.00. Following the transaction, the senior vice president directly owned 1,771 shares in the company, valued at $1,758,355.06. The trade was a 22.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.10% of the stock is owned by insiders.

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.