Amundi Purchases 70,451 Shares of W.W. Grainger, Inc. $GWW

Key Points

• Amundi increased its W.W. Grainger position by 24.1% in the second quarter, purchasing 70,451 shares to own 363,308 shares worth approximately $494.2 million. Institutional investors and hedge funds collectively own 80.7% of the company.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $1,286.62, below the stock’s reported $1,324.65 opening price.
• Grainger exceeded quarterly expectations, reporting $12.01 in EPS versus $11.30 expected and $5.02 billion in revenue, up 10.3% year over year. The company also maintains a quarterly dividend of $2.49 per share, equivalent to a 0.8% yield.

Amundi boosted its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 24.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 363,308 shares of the industrial products company's stock after purchasing an additional 70,451 shares during the quarter. Amundi owned 0.77% of W.W. Grainger worth $494,244,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Groupe la Francaise boosted its holdings in shares of W.W. Grainger by 1.0% in the second quarter. Groupe la Francaise now owns 3,509 shares of the industrial products company's stock valued at $4,774,000 after buying an additional 36 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of W.W. Grainger during the second quarter worth $10,638,000. California State Teachers Retirement System raised its holdings in shares of W.W. Grainger by 125,753.8% during the second quarter. California State Teachers Retirement System now owns 89,436,777 shares of the industrial products company's stock worth $121,669,791,000 after acquiring an additional 89,365,713 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of W.W. Grainger during the second quarter worth $813,000. Finally, Wedmont Private Capital lifted its position in W.W. Grainger by 3.5% in the 2nd quarter. Wedmont Private Capital now owns 774 shares of the industrial products company's stock valued at $1,065,000 after acquiring an additional 26 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on GWW. Wolfe Research raised shares of W.W. Grainger from an "underperform" rating to a "peer perform" rating in a research note on Thursday, July 9th. DA Davidson lifted their price target on 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. 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 report on Tuesday, July 14th. Oppenheimer upped their price objective on W.W. Grainger from $1,350.00 to $1,375.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada decreased their price objective on W.W. Grainger from $1,460.00 to $1,428.00 and set a "sector perform" rating for the company in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $1,286.62.

W.W. Grainger Trading Up 0.0%

Shares of NYSE:GWW opened at $1,324.65 on Tuesday. The company's 50-day moving average price is $1,338.44 and its two-hundred day moving average price is $1,241.92. 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 one year low of $906.52 and a one year high of $1,419.91. The stock has a market capitalization of $62.39 billion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 2.35 and a beta of 1.03.

W.W. Grainger (NYSE:GWW - Get Free Report) last released its earnings results on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the previous year, the business earned $9.97 earnings per share. W.W. Grainger's quarterly revenue 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. On average, equities analysts forecast that W.W. Grainger, Inc. will post 46.17 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

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

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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