W.W. Grainger, Inc. $GWW Shares Bought by iA Global Asset Management Inc.

iA Global Asset Management Inc. grew its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 16.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,238 shares of the industrial products company’s stock after purchasing an additional 312 shares during the period. iA Global Asset Management Inc.’s holdings in W.W. Grainger were worth $2,328,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GWW. Nuveen LLC bought a new position in shares of W.W. Grainger during the first quarter worth about $285,574,000. JPMorgan Chase & Co. grew its position in shares of W.W. Grainger by 10.1% during the first quarter. JPMorgan Chase & Co. now owns 822,411 shares of the industrial products company’s stock worth $812,403,000 after acquiring an additional 75,644 shares during the last quarter. Kodai Capital Management LP bought a new position in shares of W.W. Grainger during the first quarter worth about $67,601,000. Interval Partners LP grew its position in shares of W.W. Grainger by 1,429.9% during the first quarter. Interval Partners LP now owns 67,957 shares of the industrial products company’s stock worth $67,130,000 after acquiring an additional 63,515 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of W.W. Grainger by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company’s stock worth $5,322,801,000 after acquiring an additional 57,690 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Performance

NYSE:GWW opened at $965.33 on Tuesday. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.66. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average of $978.37 and a 200-day moving average of $1,015.94. The firm has a market cap of $46.17 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 2.79 and a beta of 1.17.

W.W. Grainger (NYSE:GWW) last posted 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 10.99% and a return on equity of 49.63%. The company had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same quarter last year, the firm posted $9.87 EPS. The business’s revenue for the quarter 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. Analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 10th will be paid a dividend of $2.26 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $9.04 dividend on an annualized basis and a yield of 0.9%. W.W. Grainger’s dividend payout ratio is currently 25.35%.

Insider Buying and Selling

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $992.86, for a total transaction of $496,430.00. Following the completion of the sale, the senior vice president directly owned 1,771 shares of the company’s stock, valued at approximately $1,758,355.06. This represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. 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 report on Wednesday, October 15th. Loop Capital lowered their price target on shares of W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a research report on Monday, August 4th. Morgan Stanley decreased their target price on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating for the company in a research report on Friday, July 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of W.W. Grainger in a research report on Thursday, October 30th. Finally, Barclays assumed coverage on shares of W.W. Grainger in a research report on Wednesday, October 8th. They issued an “underweight” rating and a $963.00 target price for the company. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,059.86.

W.W. Grainger 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.