Zions Bancorporation National Association UT Buys 79 Shares of W.W. Grainger, Inc. $GWW

Zions Bancorporation National Association UT increased its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,341 shares of the industrial products company’s stock after buying an additional 79 shares during the quarter. Zions Bancorporation National Association UT’s holdings in W.W. Grainger were worth $6,596,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GWW. Brighton Jones LLC grew its holdings in shares of W.W. Grainger by 46.8% during the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 102 shares in the last quarter. Brown Advisory Inc. raised its stake in W.W. Grainger by 10.9% in the first quarter. Brown Advisory Inc. now owns 3,821 shares of the industrial products company’s stock valued at $3,775,000 after purchasing an additional 374 shares in the last quarter. Allworth Financial LP lifted its position in W.W. Grainger by 1.9% during the first quarter. Allworth Financial LP now owns 3,413 shares of the industrial products company’s stock worth $3,479,000 after purchasing an additional 62 shares during the period. Alps Advisors Inc. lifted its position in W.W. Grainger by 19.4% during the first quarter. Alps Advisors Inc. now owns 2,398 shares of the industrial products company’s stock worth $2,369,000 after purchasing an additional 390 shares during the period. Finally, Cerity Partners LLC grew its stake in W.W. Grainger by 242.1% during the first quarter. Cerity Partners LLC now owns 21,699 shares of the industrial products company’s stock worth $21,434,000 after buying an additional 15,357 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price 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. Royal Bank Of Canada lifted their price objective on shares of W.W. Grainger from $1,006.00 to $1,050.00 and gave the company a “sector perform” rating in a research note on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of W.W. Grainger in a research report on Thursday, October 30th. Barclays upped their target price on W.W. Grainger from $963.00 to $975.00 and gave the stock an “underweight” rating in a research note on Friday. Finally, 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. Two research 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, the company has an average rating of “Hold” and a consensus target price of $1,061.57.

W.W. Grainger Price Performance

Shares of NYSE:GWW opened at $955.71 on Friday. The company has a market cap of $45.44 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 2.79 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64. The firm has a 50 day simple moving average of $973.73 and a 200 day simple moving average of $1,014.73. W.W. Grainger, Inc. has a one year low of $893.99 and a one year high of $1,227.66.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Friday, October 31st. The industrial products company reported $10.21 earnings per share for the quarter, topping analysts’ consensus estimates of $9.95 by $0.26. The firm had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.64 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.87 earnings per share. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. Research analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

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

Insider Buying and Selling

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

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.