456,577 Shares in W.W. Grainger, Inc. $GWW Purchased by Bank of America Corp DE

Key Points

• Bank of America purchased 456,577 shares of W.W. Grainger during the second quarter, valued at approximately $621.1 million and representing about 0.97% of the company. Institutional investors and hedge funds collectively own 80.7% of the stock.
• Grainger reported quarterly earnings of $12.01 per share, exceeding estimates of $11.30, while revenue rose 10.3% year over year to $5.02 billion. The company set fiscal 2026 EPS guidance at $45.50–$47.25.
• The company declared a quarterly dividend of $2.49 per share, equivalent to $9.96 annually and a 0.8% yield. Analysts maintain a consensus “Hold” rating with an average price target of $1,286.62.

Bank of America Corp DE purchased a new stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 456,577 shares of the industrial products company's stock, valued at approximately $621,127,000. Bank of America Corp DE owned approximately 0.97% of W.W. Grainger at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MV Capital Management Inc. acquired a new stake in W.W. Grainger during the 4th quarter valued at $28,000. Elyxium Wealth LLC purchased a new stake in W.W. Grainger in the fourth quarter valued at approximately $30,000. Elevation Wealth Partners LLC grew its stake in shares of W.W. Grainger by 420.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 26 shares of the industrial products company's stock valued at $35,000 after buying an additional 21 shares during the period. EFG International AG purchased a new stake in W.W. Grainger during the second quarter valued at about $37,000. Finally, Reflection Asset Management acquired a new stake in W.W. Grainger during the 4th quarter worth approximately $43,000. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Trading Down 0.6%

GWW opened at $1,269.78 on Wednesday. The stock has a market capitalization of $59.81 billion, a PE ratio of 32.38, a P/E/G ratio of 2.27 and a beta of 1.03. The firm's fifty day moving average price is $1,329.47 and its 200 day moving average price is $1,248.39. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.81 and a quick ratio of 1.70. W.W. Grainger, Inc. has a 12-month low of $906.52 and a 12-month high of $1,419.91.

W.W. Grainger (NYSE:GWW - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.30 by $0.71. W.W. Grainger had a return on equity of 48.73% and a net margin of 9.92%.The firm had revenue of $5.02 billion for the quarter, compared to analysts' expectations of $4.96 billion. During the same period last year, the business posted $9.97 earnings per share. The firm's revenue for the quarter was up 10.3% on a year-over-year basis. W.W. Grainger has set its FY 2026 guidance at 45.500-47.250 EPS. As a group, research analysts expect that W.W. Grainger, Inc. will post 46.24 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th were given a dividend of $2.49 per share. This represents a $9.96 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, August 10th. W.W. Grainger's payout ratio is 25.40%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of W.W. Grainger from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. Wolfe Research started coverage on W.W. Grainger in a research report on Tuesday. They issued a "peer perform" rating for the company. Oppenheimer increased their target price on W.W. Grainger from $1,350.00 to $1,375.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Morgan Stanley raised their target price on W.W. Grainger from $1,300.00 to $1,400.00 and gave the company an "equal weight" rating in a report on Monday, August 24th. Finally, Stephens lowered W.W. Grainger from an "overweight" rating to an "equal weight" rating and set a $1,355.00 price target on the stock. in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $1,286.62.

About W.W. Grainger

W.W. Grainger, Inc is a distributor of maintenance, repair and operating (MRO) products and related services. The company serves businesses, government agencies and other organizations that need supplies to maintain facilities, equipment and operations. Its product categories include tools, safety equipment, material handling products, cleaning and maintenance supplies, electrical and lighting products, plumbing supplies, HVAC equipment and fasteners.

Founded in 1927 by William W. Grainger, the company has grown from a regional electrical-equipment distributor into a global MRO provider.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.