Saudi Central Bank Purchases 1,398 Shares of W.W. Grainger, Inc. $GWW

Saudi Central Bank increased its position in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 83.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,065 shares of the industrial products company's stock after purchasing an additional 1,398 shares during the quarter. Saudi Central Bank's holdings in W.W. Grainger were worth $4,170,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of W.W. Grainger during the 2nd quarter worth approximately $6,303,024,000. State Street Corp grew its holdings in shares of W.W. Grainger by 1.2% in the fourth quarter. State Street Corp now owns 2,019,452 shares of the industrial products company's stock valued at $2,037,728,000 after acquiring an additional 23,399 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of W.W. Grainger by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,217,834 shares of the industrial products company's stock valued at $1,230,214,000 after acquiring an additional 10,533 shares in the last quarter. Wellington Management Group LLP increased its position in shares of W.W. Grainger by 1,462.1% during the fourth 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 acquiring an additional 1,003,237 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of W.W. Grainger by 61.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,027,286 shares of the industrial products company's stock valued at $1,036,584,000 after acquiring an additional 389,589 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GWW shares. Oppenheimer boosted 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. Wall Street Zen raised W.W. Grainger from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. 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. DA Davidson boosted their price target on shares of W.W. Grainger from $1,250.00 to $1,260.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Finally, Morgan Stanley increased their price target on shares of 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. Two investment 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 a consensus target price of $1,286.62.

W.W. Grainger Trading Up 0.0%

NYSE:GWW opened at $1,324.65 on Monday. W.W. Grainger, Inc. has a 12 month low of $906.52 and a 12 month high of $1,419.91. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.53. The firm's 50 day moving average is $1,339.02 and its 200 day moving average is $1,240.57. 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 announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share for the quarter, beating 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 business had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.96 billion. During the same period in the prior year, the company earned $9.97 earnings per share. W.W. Grainger'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. Sell-side analysts expect that W.W. Grainger, Inc. will post 46.17 earnings per share for the current year.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th were paid a $2.49 dividend. 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 (DPR) is presently 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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