Meeder Asset Management Inc. Buys New Shares in W.W. Grainger, Inc. $GWW

Key Points

• Meeder Asset Management purchased 8,520 shares of W.W. Grainger valued at approximately $11.6 million during the second quarter. Institutional investors now own 80.70% of the company.
• Analyst sentiment remains mixed, with two Buy, seven Hold and one Sell rating; the consensus rating is Hold with an average price target of $1,274.12.
• Grainger exceeded quarterly expectations, reporting $12.01 in EPS and $5.02 billion in revenue, while revenue grew 10.3% year over year. The company also declared a quarterly dividend of $2.49 per share, representing an annualized yield of 0.8%.

Meeder Asset Management Inc. bought a new position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,520 shares of the industrial products company's stock, valued at approximately $11,591,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Miller Capital Partners Inc. acquired a new position in W.W. Grainger in the 4th quarter valued at approximately $26,000. MV Capital Management Inc. bought a new stake in shares of W.W. Grainger in the 4th quarter worth approximately $28,000. Elyxium Wealth LLC acquired a new stake in shares of W.W. Grainger during the 4th quarter worth approximately $30,000. Elevation Wealth Partners LLC grew its holdings in shares of W.W. Grainger by 420.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 26 shares of the industrial products company's stock worth $35,000 after purchasing an additional 21 shares in the last quarter. Finally, Caitlin John LLC bought a new stake in shares of W.W. Grainger during the fourth quarter valued at approximately $35,000. 80.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GWW. Royal Bank Of Canada cut their target price on 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. Weiss Ratings upgraded shares of W.W. Grainger from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 17th. Stephens lowered shares of 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. Sanford C. Bernstein increased their price objective on shares of W.W. Grainger from $1,052.00 to $1,125.00 and gave the company a "market perform" rating in a research note on Tuesday, April 21st. Finally, Morgan Stanley raised their price objective on shares of W.W. Grainger from $1,190.00 to $1,300.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $1,274.12.

W.W. Grainger Stock Down 0.3%

NYSE GWW opened at $1,319.00 on Tuesday. W.W. Grainger, Inc. has a 1-year low of $906.52 and a 1-year high of $1,419.91. The company has a market capitalization of $62.12 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.35 and a beta of 1.04. The stock's 50 day moving average is $1,345.69 and its two-hundred day moving average is $1,224.11. 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 (NYSE:GWW - Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $11.30 by $0.71. The business had revenue of $5.02 billion during the quarter, compared to analysts' expectations of $4.96 billion. W.W. Grainger had a return on equity of 48.73% and a net margin of 9.92%.W.W. Grainger's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.97 EPS. W.W. Grainger has set its FY 2026 guidance at 45.500-47.250 EPS. Equities analysts forecast that W.W. Grainger, Inc. will post 46.14 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

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