Allworth Financial LP Reduces Holdings in W.W. Grainger, Inc. $GWW

Key Points

• Allworth Financial reduced its W.W. Grainger holdings by 16.6% in the second quarter, selling 939 shares and retaining 4,733 shares valued at approximately $6.44 million. Institutional investors collectively own 80.7% of the company.
• Analysts maintain a generally cautious outlook, with two Buy, seven Hold, and one Sell rating. The consensus rating is Hold, with an average price target of $1,286.62.
• Grainger exceeded quarterly expectations, reporting $12.01 in adjusted EPS and $5.02 billion in revenue, up 10.3% year over year. The company also declared a quarterly dividend of $2.49 per share, equivalent to a 0.8% annual yield.

Allworth Financial LP decreased its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 16.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,733 shares of the industrial products company's stock after selling 939 shares during the quarter. Allworth Financial LP's holdings in W.W. Grainger were worth $6,438,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its position in W.W. Grainger by 2.3% during the second quarter. Arizona State Retirement System now owns 12,552 shares of the industrial products company's stock worth $17,076,000 after purchasing an additional 277 shares during the period. Empirical Finance LLC boosted its holdings in shares of W.W. Grainger by 3.4% in the second quarter. Empirical Finance LLC now owns 1,588 shares of the industrial products company's stock worth $2,160,000 after acquiring an additional 52 shares during the period. Nykredit A S bought a new position in shares of W.W. Grainger in the second quarter worth $24,007,000. Corient Private Wealth LP grew its position in shares of W.W. Grainger by 38.3% in the second quarter. Corient Private Wealth LP now owns 46,533 shares of the industrial products company's stock valued at $63,305,000 after purchasing an additional 12,881 shares in the last quarter. Finally, HORAN Wealth LLC purchased a new position in shares of W.W. Grainger in the second quarter valued at $875,000. Hedge funds and other institutional investors own 80.70% of the company's stock.

Analyst Ratings Changes

GWW has been the subject of several analyst reports. DA Davidson raised their target price on W.W. Grainger from $1,250.00 to $1,260.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Morgan Stanley upped their price target on W.W. Grainger from $1,300.00 to $1,400.00 and gave the company an "equal weight" rating in a research report on Monday, August 24th. Oppenheimer increased their price target on shares of W.W. Grainger from $1,350.00 to $1,375.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Barclays raised their price objective on shares of W.W. Grainger from $1,166.00 to $1,185.00 and gave the company an "underweight" rating in a research report on Tuesday, August 11th. Finally, 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 note on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $1,286.62.

W.W. Grainger Stock Down 0.7%

GWW stock opened at $1,280.27 on Thursday. The company's 50 day moving average is $1,335.76 and its 200 day moving average is $1,244.09. The stock has a market cap of $60.30 billion, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 2.29 and a beta of 1.03. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.53. W.W. Grainger, Inc. has a 1-year low of $906.52 and a 1-year high of $1,419.91.

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

W.W. Grainger Dividend Announcement

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

W.W. Grainger Company Profile

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.

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