iA Global Asset Management Inc. Has $407,000 Stake in W.W. Grainger, Inc. $GWW

iA Global Asset Management Inc. cut its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 80.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 427 shares of the industrial products company’s stock after selling 1,811 shares during the quarter. iA Global Asset Management Inc.’s holdings in W.W. Grainger were worth $407,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Hilltop National Bank acquired a new stake in W.W. Grainger during the 2nd quarter valued at approximately $25,000. Quaker Wealth Management LLC lifted its position in shares of W.W. Grainger by 196.0% in the 2nd 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 period. Accredited Investors Inc. bought a new stake in shares of W.W. Grainger in the 3rd quarter valued at $25,000. Brown Lisle Cummings Inc. increased its position in shares of W.W. Grainger by 316.7% during the second 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, Loomis Sayles & Co. L P bought a new position in W.W. Grainger during the second quarter worth $27,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

GWW has been the subject of a number of recent analyst reports. Sanford C. Bernstein initiated coverage on W.W. Grainger in a report on Wednesday, November 12th. They set a “market perform” rating and a $975.00 price target for the company. Royal Bank Of Canada raised 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 research note on Monday, November 3rd. Barclays lifted their target price on W.W. Grainger from $963.00 to $975.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. Weiss Ratings restated a “hold (c+)” rating on shares of W.W. Grainger in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of W.W. Grainger from $1,045.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $1,016.57.

W.W. Grainger Stock Performance

NYSE GWW opened at $1,056.47 on Monday. The company has a market cap of $50.24 billion, a P/E ratio of 29.63, a PEG ratio of 2.60 and a beta of 1.12. The company has a fifty day simple moving average of $1,002.66 and a 200 day simple moving average of $991.23. The company has a current ratio of 2.72, a quick ratio of 1.59 and a debt-to-equity ratio of 0.60. W.W. Grainger, Inc. has a 12-month low of $893.99 and a 12-month high of $1,139.15.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Friday, October 31st. The industrial products company reported $10.21 earnings per share for the quarter, beating analysts’ consensus estimates of $9.95 by $0.26. The firm had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.64 billion. W.W. Grainger had a net margin of 9.75% and a return on equity of 49.40%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $9.87 earnings per share. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. Sell-side analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Donald G. Macpherson sold 12,163 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $972.57, for a total value of $11,829,368.91. Following the completion of the sale, the chief executive officer directly owned 103,885 shares of the company’s stock, valued at $101,035,434.45. This represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Krantz Nancy L. Berardinelli sold 195 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $1,023.93, for a total value of $199,666.35. Following the completion of the transaction, the vice president owned 3,174 shares in the company, valued at $3,249,953.82. This represents a 5.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,881 shares of company stock valued at $26,157,155 over the last three months. Corporate insiders own 6.10% of the company’s stock.

W.W. Grainger Profile

W.W. Grainger, Inc (NYSE: GWW) is an industrial supply distributor founded in 1927 and headquartered in Lake Forest, Illinois. The company supplies maintenance, repair and operations (MRO) products and services to businesses, institutions and government customers. Over its long history Grainger has developed a broad product assortment and a national distribution network that supports operations across a range of end markets, including manufacturing, healthcare, hospitality, transportation and public sector organizations.

Grainger’s product portfolio spans core categories such as electrical and lighting, safety and personal protective equipment, material handling, motors and power transmission, plumbing and HVAC, fasteners and adhesives, hand and power tools, and janitorial and facility supplies.