OMERS ADMINISTRATION Corp Buys 421 Shares of W.W. Grainger, Inc. $GWW

Key Points

• OMERS ADMINISTRATION Corp increased its stake in W.W. Grainger, Inc. by 13.3%, owning 3,575 shares valued at approximately $3.53 million.
• A number of hedge funds made significant alterations to their W.W. Grainger positions, with Champlain Investment Partners boosting their stake by 105.3% to a total of 96,793 shares.
• W.W. Grainger reported quarterly earnings of $9.97 EPS, slightly below expectations, with revenues of $4.55 billion, reflecting a 5.6% increase year-over-year.

OMERS ADMINISTRATION Corp lifted its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,575 shares of the industrial products company's stock after purchasing an additional 421 shares during the period. OMERS ADMINISTRATION Corp's holdings in W.W. Grainger were worth $3,531,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Golden State Wealth Management LLC boosted its position in W.W. Grainger by 1,685.7% during the 1st quarter. Golden State Wealth Management LLC now owns 125 shares of the industrial products company's stock valued at $123,000 after buying an additional 118 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in W.W. Grainger by 5.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,095 shares of the industrial products company's stock valued at $5,033,000 after buying an additional 256 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of W.W. Grainger by 116.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 33,917 shares of the industrial products company's stock worth $33,506,000 after purchasing an additional 18,216 shares during the period. GAMMA Investing LLC lifted its position in shares of W.W. Grainger by 2.2% in the 1st quarter. GAMMA Investing LLC now owns 701 shares of the industrial products company's stock worth $692,000 after purchasing an additional 15 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of W.W. Grainger by 8.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,970 shares of the industrial products company's stock worth $6,796,000 after purchasing an additional 564 shares during the period. Institutional investors own 80.70% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GWW shares. JPMorgan Chase & Co. raised their target price on shares of W.W. Grainger from $1,100.00 to $1,125.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 27th. Royal Bank Of Canada dropped their target price on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a "sector perform" rating for the company in a research report on Monday, August 4th. Loop Capital dropped their target price on shares of 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. Finally, Morgan Stanley dropped their target price on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating for the company in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $1,080.38.

W.W. Grainger Stock Up 0.2%

Shares of W.W. Grainger stock traded up $1.61 during trading on Tuesday, hitting $1,015.11. The company's stock had a trading volume of 244,142 shares, compared to its average volume of 289,200. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. The company has a fifty day simple moving average of $1,014.04 and a two-hundred day simple moving average of $1,019.38. The company has a market capitalization of $48.55 billion, a PE ratio of 25.73, a P/E/G ratio of 2.94 and a beta of 1.18. W.W. Grainger, Inc. has a 52 week low of $893.99 and a 52 week high of $1,227.66.

W.W. Grainger (NYSE:GWW - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.97 earnings per share for the quarter, missing analysts' consensus estimates of $10.07 by ($0.10). The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Equities research analysts predict that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 11th were paid a dividend of $2.26 per share. This represents a $9.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, August 11th. W.W. Grainger's dividend payout ratio (DPR) is currently 22.94%.

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.