Ensign Peak Advisors Inc Has $25.34 Million Stock Position in W.W. Grainger, Inc. $GWW

Ensign Peak Advisors Inc lessened its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,364 shares of the industrial products company’s stock after selling 158 shares during the period. Ensign Peak Advisors Inc owned about 0.05% of W.W. Grainger worth $25,344,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Empirical Finance LLC increased its holdings in W.W. Grainger by 0.8% during the 2nd quarter. Empirical Finance LLC now owns 1,580 shares of the industrial products company’s stock worth $1,644,000 after purchasing an additional 12 shares in the last quarter. Dorsey Wright & Associates grew its holdings in W.W. Grainger by 5.1% during the second quarter. Dorsey Wright & Associates now owns 4,687 shares of the industrial products company’s stock worth $4,876,000 after buying an additional 228 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in W.W. Grainger by 5.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 9,479 shares of the industrial products company’s stock valued at $9,958,000 after buying an additional 454 shares during the last quarter. Wealthspire Advisors LLC raised its position in W.W. Grainger by 6.9% in the 2nd quarter. Wealthspire Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $405,000 after buying an additional 25 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in W.W. Grainger by 199.2% during the 2nd quarter. Empowered Funds LLC now owns 8,531 shares of the industrial products company’s stock valued at $8,874,000 after acquiring an additional 5,680 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GWW shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of W.W. Grainger in a report on Wednesday. Sanford C. Bernstein assumed coverage on shares of W.W. Grainger in a research note on Wednesday, November 12th. They issued a “market perform” rating and a $975.00 price objective for the company. Barclays lifted their target price on shares of W.W. Grainger from $963.00 to $975.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. Royal Bank Of Canada upped their target price on W.W. Grainger from $1,006.00 to $1,050.00 and gave the company a “sector perform” rating in a report on Monday, November 3rd. Finally, Loop Capital decreased their price target on 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. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $1,018.00.

W.W. Grainger Stock Up 2.8%

W.W. Grainger stock opened at $951.30 on Friday. The firm has a 50 day moving average price of $959.07 and a 200-day moving average price of $1,008.29. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. W.W. Grainger, Inc. has a twelve month low of $893.99 and a twelve month high of $1,227.44. The company has a market capitalization of $45.23 billion, a P/E ratio of 24.14, a P/E/G 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 EPS for the quarter, beating the consensus estimate of $9.95 by $0.26. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The business had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the prior year, the business earned $9.87 earnings per share. W.W. Grainger’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. As a group, equities analysts predict that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 10th will be paid a dividend of $2.26 per share. The ex-dividend date is Monday, November 10th. This represents a $9.04 annualized dividend and a dividend yield of 1.0%. W.W. Grainger’s dividend payout ratio is presently 25.35%.

Insiders Place Their Bets

In related news, SVP Jonny M. Leroy sold 500 shares of the business’s 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 sale, the senior vice president directly owned 1,771 shares in the company, valued at approximately $1,758,355.06. The trade was a 22.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.10% of the company’s stock.

About W.W. Grainger

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.