2,708 Shares in W.W. Grainger, Inc. $GWW Bought by Daiichi Life Insurance Co. Ltd.

Key Points

• Daiichi Life Insurance initiated a position in W.W. Grainger by buying 2,708 shares valued at approximately $3.684 million. Institutional investors and hedge funds collectively own 80.70% of the company.
• Grainger exceeded quarterly expectations, reporting $12.01 in adjusted earnings per share versus the $11.30 consensus estimate, while revenue rose 10.3% year over year to $5.02 billion.
• The company announced a quarterly dividend of $2.49 per share, or $9.96 annualized, representing a 0.8% yield. Analysts maintain a consensus “Hold” rating with an average price target of $1,274.12.

Daiichi Life Insurance Co. Ltd. bought a new position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,708 shares of the industrial products company's stock, valued at approximately $3,684,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of W.W. Grainger in the second quarter worth about $6,303,024,000. State Street Corp grew its position in shares of W.W. Grainger by 1.2% in the 4th quarter. State Street Corp now owns 2,019,452 shares of the industrial products company's stock valued at $2,037,728,000 after purchasing an additional 23,399 shares during the period. Geode Capital Management LLC grew its position in shares of W.W. Grainger by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,217,834 shares of the industrial products company's stock valued at $1,230,214,000 after purchasing an additional 10,533 shares during the period. Wellington Management Group LLP increased its stake in W.W. Grainger by 1,462.1% during the 4th quarter. Wellington Management Group LLP now owns 1,071,854 shares of the industrial products company's stock worth $1,081,554,000 after purchasing an additional 1,003,237 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in W.W. Grainger by 61.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,027,286 shares of the industrial products company's stock worth $1,036,584,000 after purchasing an additional 389,589 shares in the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

W.W. Grainger Stock Down 0.0%

Shares of W.W. Grainger stock opened at $1,312.12 on Monday. The firm has a market cap of $61.80 billion, a PE ratio of 33.46, a P/E/G ratio of 2.33 and a beta of 1.04. The business's 50 day simple moving average is $1,344.74 and its 200 day simple moving average is $1,230.47. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.70 and a current ratio of 2.81. W.W. Grainger, Inc. has a 52-week low of $906.52 and a 52-week high of $1,419.91.

W.W. Grainger (NYSE:GWW - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share for the quarter, topping analysts' consensus estimates of $11.30 by $0.71. The firm had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.96 billion. W.W. Grainger had a return on equity of 48.73% and a net margin of 9.92%.The business's revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.97 EPS. W.W. Grainger has set its FY 2026 guidance at 45.500-47.250 EPS. On average, analysts predict that W.W. Grainger, Inc. will post 46.1 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be issued a dividend of $2.49 per share. The ex-dividend date is Monday, August 10th. This represents a $9.96 annualized dividend and a yield of 0.8%. W.W. Grainger's dividend payout ratio is presently 25.40%.

Analysts Set New Price Targets

GWW has been the topic of a number of research reports. Weiss Ratings raised shares of W.W. Grainger from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 17th. Stephens downgraded shares of W.W. Grainger from an "overweight" rating to an "equal weight" rating and set a $1,355.00 price objective for the company. in a research report on Tuesday, July 14th. Barclays raised their price objective on shares of W.W. Grainger from $1,166.00 to $1,185.00 and gave the stock an "underweight" rating in a report on Tuesday, August 11th. Royal Bank Of Canada reduced their target price on shares of W.W. Grainger from $1,460.00 to $1,428.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 5th. Finally, Wall Street Zen upgraded W.W. Grainger from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $1,274.12.

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.

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