Bank of Nova Scotia Invests $6.23 Million in W.W. Grainger, Inc. $GWW

Bank of Nova Scotia acquired a new stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,582 shares of the industrial products company's stock, valued at approximately $6,233,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC lifted its position in W.W. Grainger by 46.8% in the fourth quarter. Brighton Jones LLC now owns 320 shares of the industrial products company's stock valued at $338,000 after purchasing an additional 102 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of W.W. Grainger by 18.0% in the first quarter. Empowered Funds LLC now owns 2,851 shares of the industrial products company's stock worth $2,816,000 after purchasing an additional 435 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of W.W. Grainger by 169.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,826 shares of the industrial products company's stock worth $3,980,000 after purchasing an additional 2,407 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of W.W. Grainger in the second quarter worth $208,000. Finally, Sei Investments Co. increased its stake in shares of W.W. Grainger by 35.2% in the second quarter. Sei Investments Co. now owns 41,388 shares of the industrial products company's stock worth $43,051,000 after buying an additional 10,784 shares during the period. Institutional investors own 80.70% of the company's stock.

Analyst Ratings Changes

GWW has been the topic of several recent 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 note on Tuesday, July 14th. Wolfe Research upgraded W.W. Grainger from an "underperform" rating to a "peer perform" rating in a report on Thursday, July 9th. Wall Street Zen upgraded W.W. Grainger from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. Morgan Stanley boosted 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 research note on Monday. Finally, DA Davidson upped their target price on W.W. Grainger from $1,250.00 to $1,260.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $1,286.62.

W.W. Grainger Stock Performance

W.W. Grainger stock opened at $1,301.27 on Wednesday. W.W. Grainger, Inc. has a fifty-two week low of $906.52 and a fifty-two week high of $1,419.91. The stock's 50 day simple moving average is $1,344.46 and its two-hundred day simple moving average is $1,232.38. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.70 and a current ratio of 2.81. The stock has a market cap of $61.29 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 2.35 and a beta of 1.04.

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, 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 during the quarter, compared to analyst estimates of $4.96 billion. During the same quarter in the prior year, the company earned $9.97 EPS. The business'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, 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be given a dividend of $2.49 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $9.96 annualized dividend and a yield of 0.8%. W.W. Grainger's dividend payout ratio (DPR) is currently 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source