Fox Run Management L.L.C. Invests $775,000 in W.W. Grainger, Inc. $GWW

Fox Run Management L.L.C. acquired a new stake in W.W. Grainger, Inc. (NYSE:GWW) in the second quarter, HoldingsChannel.com reports. The fund acquired 745 shares of the industrial products company’s stock, valued at approximately $775,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of W.W. Grainger by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 5,388,378 shares of the industrial products company’s stock worth $5,322,801,000 after buying an additional 57,690 shares in the last quarter. JPMorgan Chase & Co. raised its position in W.W. Grainger by 10.1% in 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 in the last quarter. Dimensional Fund Advisors LP raised its position in W.W. Grainger by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 416,086 shares of the industrial products company’s stock worth $410,975,000 after acquiring an additional 6,797 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in W.W. Grainger by 4.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 306,829 shares of the industrial products company’s stock valued at $303,095,000 after acquiring an additional 13,330 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of W.W. Grainger during the 1st quarter worth $285,574,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Insider Activity

In other news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger stock in a transaction on 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 sale, the senior vice president owned 1,771 shares of the company’s stock, valued at $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Barclays increased their price target on shares of W.W. Grainger from $963.00 to $975.00 and gave the company an “underweight” rating in a report on Friday. JPMorgan Chase & Co. increased 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 report on Wednesday, October 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of W.W. Grainger in a research note on Thursday, October 30th. Loop Capital lowered their price target on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating on the stock in a report on Monday, August 4th. Finally, Royal Bank Of Canada lifted their price objective 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 assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, W.W. Grainger currently has an average rating of “Hold” and an average target price of $1,061.57.

W.W. Grainger Stock Performance

W.W. Grainger stock opened at $955.71 on Monday. W.W. Grainger, Inc. has a fifty-two week low of $893.99 and a fifty-two week high of $1,227.66. The company has a market capitalization 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 stock has a fifty day moving average of $973.73 and a two-hundred day moving average of $1,014.89. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82.

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, beating analysts’ consensus estimates of $9.95 by $0.26. The business had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.64 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $9.87 earnings per share. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. On average, analysts anticipate that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The firm also recently declared 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. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 10th. W.W. Grainger’s dividend payout ratio is currently 25.35%.

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.