W.W. Grainger, Inc. $GWW Shares Sold by Andra AP fonden

Key Points

• Andra AP fonden cut its W.W. Grainger holdings by 63.7% in the second quarter, selling 2,360 shares and retaining 1,347 shares valued at approximately $1.83 million. Institutional investors collectively own 80.7% of the company.
• Analyst sentiment remains mixed, with two Buy ratings, seven Holds and one Sell; the consensus rating is Hold with an average price target of $1,286.62.
• Grainger exceeded quarterly expectations, reporting $12.01 in earnings per share and $5.02 billion in revenue, up 10.3% year over year. The company also declared a $2.49 quarterly dividend, equivalent to a 0.8% annualized yield.

Andra AP fonden lowered its holdings in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 63.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,347 shares of the industrial products company's stock after selling 2,360 shares during the quarter. Andra AP fonden's holdings in W.W. Grainger were worth $1,832,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. purchased a new position in W.W. Grainger during the 2nd quarter worth approximately $6,303,024,000. Geode Capital Management LLC boosted 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. Bank of America Corp DE increased its stake in shares of W.W. Grainger by 4.5% during the first quarter. Bank of America Corp DE now owns 527,969 shares of the industrial products company's stock worth $575,914,000 after acquiring an additional 22,731 shares during the period. Norges Bank acquired a new position in W.W. Grainger during the 4th quarter worth approximately $518,958,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of W.W. Grainger by 18.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 439,945 shares of the industrial products company's stock worth $443,927,000 after buying an additional 68,221 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company's stock.

Analyst Ratings Changes

GWW has been the topic of a number of analyst reports. Morgan Stanley lifted their price target 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, August 24th. Wall Street Zen upgraded shares of W.W. Grainger from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. Weiss Ratings raised shares of W.W. Grainger from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 17th. Royal Bank Of Canada lowered their price objective 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 research note on Wednesday, August 5th. Finally, Barclays raised their target price on shares of W.W. Grainger from $1,166.00 to $1,185.00 and gave the company an "underweight" rating in a report on Tuesday, August 11th. 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $1,286.62.

W.W. Grainger Price Performance

GWW stock opened at $1,267.74 on Thursday. W.W. Grainger, Inc. has a 52-week low of $906.52 and a 52-week high of $1,419.91. The stock's fifty day simple moving average is $1,317.00 and its 200-day simple moving average is $1,253.71. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $59.71 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 2.25 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 EPS 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 firm 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 firm posted $9.97 earnings per share. The business's quarterly 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. Equities research analysts expect that W.W. Grainger, Inc. will post 46.24 EPS for the current year.

W.W. Grainger Dividend Announcement

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

W.W. Grainger Profile

W.W. Grainger, Inc is a distributor of maintenance, repair and operating (MRO) products and related services. The company serves businesses, government agencies and other organizations that need supplies to maintain facilities, equipment and operations. Its product categories include tools, safety equipment, material handling products, cleaning and maintenance supplies, electrical and lighting products, plumbing supplies, HVAC equipment and fasteners.

Founded in 1927 by William W. Grainger, the company has grown from a regional electrical-equipment distributor into a global MRO provider.

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