Advisors Capital Management LLC Invests $1.33 Million in W.W. Grainger, Inc. $GWW

Advisors Capital Management LLC purchased a new stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 976 shares of the industrial products company's stock, valued at approximately $1,329,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MJP Associates Inc. ADV acquired a new stake in shares of W.W. Grainger in the 2nd quarter worth about $250,000. Trillium Asset Management LLC bought a new stake in W.W. Grainger during the second quarter worth $355,000. Vise Technologies Inc. bought a new position in W.W. Grainger during the 2nd quarter valued at $3,376,000. Algebris UK Ltd. bought a new position in W.W. Grainger during the 2nd quarter valued at $1,752,000. Finally, E Fund Management Co. Ltd. purchased a new position in W.W. Grainger during the 2nd quarter worth $231,000. Institutional investors and hedge funds own 80.70% of the company's stock.

W.W. Grainger Stock Up 0.9%

GWW opened at $1,312.12 on Friday. The firm has a market capitalization of $61.80 billion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04. W.W. Grainger, Inc. has a one year low of $906.52 and a one year high of $1,419.91. The company has a fifty day moving average price of $1,344.74 and a 200-day moving average price of $1,229.54. 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 (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, beating 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 quarter last year, the firm posted $9.97 EPS. The company's revenue was up 10.3% compared to the same quarter last year. W.W. Grainger has set its FY 2026 guidance at 45.500-47.250 EPS. Equities research analysts expect that W.W. Grainger, Inc. will post 46.1 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley increased their target price on shares of W.W. Grainger from $1,190.00 to $1,300.00 and gave the company an "equal weight" rating in a report on Wednesday, May 27th. Royal Bank Of Canada reduced their price objective 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 report on Wednesday, August 5th. DA Davidson increased their price objective on shares of W.W. Grainger from $1,250.00 to $1,260.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of W.W. Grainger from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 17th. Finally, Wolfe Research upgraded W.W. Grainger from an "underperform" rating to a "peer perform" rating in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, W.W. Grainger presently has a consensus rating of "Hold" and an average target price of $1,274.12.

W.W. Grainger Company 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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