Zions Bancorporation National Association UT Has $6.60 Million Holdings in W.W. Grainger, Inc. $GWW

Zions Bancorporation National Association UT increased its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,341 shares of the industrial products company’s stock after purchasing 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.

Several other large investors have also bought and sold shares of the stock. Hilltop National Bank bought a new stake in shares of W.W. Grainger in the 2nd quarter valued at about $25,000. Quaker Wealth Management LLC lifted its stake in shares of W.W. Grainger by 196.0% in the second quarter. Quaker Wealth Management LLC now owns 24 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 49 shares during the period. N.E.W. Advisory Services LLC bought a new stake in W.W. Grainger in the first quarter valued at approximately $25,000. Brown Lisle Cummings Inc. increased its position in W.W. Grainger by 316.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 25 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 19 shares during the period. Finally, Nova Wealth Management Inc. bought a new position in W.W. Grainger during the 1st quarter worth approximately $28,000. 80.70% of the stock is owned by institutional investors.

Insider Transactions at W.W. Grainger

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the firm’s stock in a transaction that occurred 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 approximately $1,758,355.06. This trade represents a 22.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.10% of the company’s stock.

W.W. Grainger Trading Up 0.3%

NYSE:GWW opened at $955.71 on Friday. 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 stock 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 firm has a fifty day simple moving average of $973.73 and a two-hundred day simple moving average of $1,014.73. W.W. Grainger, Inc. has a 12 month low of $893.99 and a 12 month high of $1,227.66.

W.W. Grainger (NYSE:GWW) last announced 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. 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 10.99% and a return on equity of 49.63%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.87 earnings per share. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. Analysts expect that W.W. Grainger, Inc. will post 40.3 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GWW. Royal Bank Of Canada upped 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. Barclays boosted their target price on shares of W.W. Grainger from $963.00 to $975.00 and gave the company an “underweight” rating in a report on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of W.W. Grainger in a research report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on 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. Finally, Loop Capital dropped their price objective on W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating on the stock in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $1,061.57.

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.