Bank of New York Mellon Corp Takes $324.82 Million Position in W.W. Grainger, Inc. $GWW

Key Points

• Bank of New York Mellon acquired 238,771 shares of W.W. Grainger worth approximately $324.8 million, representing a 0.51% stake. Institutional investors collectively own 80.7% of the company.
• 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.
• Analysts have a consensus “Hold” rating and an average price target of $1,274.12. The company also declared a $2.49 quarterly dividend, equivalent to a 0.8% yield.

Bank of New York Mellon Corp bought a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 238,771 shares of the industrial products company's stock, valued at approximately $324,824,000. Bank of New York Mellon Corp owned 0.51% of W.W. Grainger as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of 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 valued at $1,081,554,000 after purchasing an additional 1,003,237 shares during the last quarter. Norges Bank bought a new stake in W.W. Grainger in the fourth quarter valued at approximately $518,958,000. Northwestern Mutual Wealth Management Co. increased its position in W.W. Grainger by 34,269.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 435,466 shares of the industrial products company's stock valued at $439,407,000 after purchasing an additional 434,199 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of 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 buying an additional 389,589 shares during the period. Finally, Sustainable Growth Advisers LP bought a new stake in shares of W.W. Grainger in the 3rd quarter valued at $239,597,000. Institutional investors and hedge funds own 80.70% of the company's stock.

Wall Street Analyst Weigh In

GWW has been the topic of several analyst reports. Stephens cut W.W. Grainger from an "overweight" rating to an "equal weight" rating and set a $1,355.00 target price on the stock. in a research report on Tuesday, July 14th. DA Davidson boosted 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 report on Thursday, August 6th. Oppenheimer upped their price objective on W.W. Grainger from $1,350.00 to $1,375.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Royal Bank Of Canada lowered their price target on shares of W.W. Grainger from $1,460.00 to $1,428.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 5th. Finally, Wolfe Research raised W.W. Grainger from an "underperform" rating to a "peer perform" rating in a report on Thursday, July 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's stock. Based on data from MarketBeat.com, W.W. Grainger presently has a consensus rating of "Hold" and an average target price of $1,274.12.

W.W. Grainger Stock Performance

Shares of GWW opened at $1,312.12 on Friday. The stock has a 50-day moving average of $1,344.74 and a two-hundred day moving average of $1,229.54. The stock has a market cap of $61.80 billion, a P/E ratio of 33.46, a P/E/G 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 debt-to-equity ratio of 0.53, a quick ratio of 1.70 and a current ratio of 2.81.

W.W. Grainger (NYSE:GWW - Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $12.01 EPS for the quarter, topping 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 firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the prior year, the business earned $9.97 earnings per share. 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. As a group, research analysts predict that W.W. Grainger, Inc. will post 46.1 EPS for the current 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 dividend of $2.49 per share. This represents a $9.96 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, August 10th. W.W. Grainger's payout ratio is currently 25.40%.

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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