Mediolanum International Funds Ltd lessened its stake in W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 17.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,078 shares of the industrial products company's stock after selling 3,481 shares during the quarter. Mediolanum International Funds Ltd's holdings in W.W. Grainger were worth $16,998,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of W.W. Grainger by 46.8% during the fourth quarter. Brighton Jones LLC now owns 320 shares of the industrial products company's stock worth $338,000 after acquiring an additional 102 shares in the last quarter. Empowered Funds LLC grew its stake in 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 valued at $2,816,000 after purchasing an additional 435 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in W.W. Grainger by 169.6% in the 2nd 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 acquired a new position in W.W. Grainger in the 2nd quarter worth about $208,000. Finally, Sei Investments Co. raised its stake in shares of W.W. Grainger by 35.2% during the 2nd quarter. Sei Investments Co. now owns 41,388 shares of the industrial products company's stock worth $43,051,000 after purchasing an additional 10,784 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.
W.W. Grainger Stock Performance
GWW opened at $1,392.73 on Monday. The company has a market cap of $65.75 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 2.57 and a beta of 1.03. The stock has a 50-day moving average of $1,312.23 and a 200-day moving average of $1,179.76. W.W. Grainger, Inc. has a 52-week low of $906.52 and a 52-week high of $1,419.91. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.60 and a current ratio of 2.69.
W.W. Grainger (NYSE:GWW - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The industrial products company reported $11.65 EPS for the quarter, beating analysts' consensus estimates of $10.21 by $1.44. W.W. Grainger had a return on equity of 47.87% and a net margin of 9.70%.The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the prior year, the firm posted $9.86 EPS. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. W.W. Grainger has set its FY 2026 guidance at 44.250-46.250 EPS. As a group, equities research analysts forecast that W.W. Grainger, Inc. will post 45.46 earnings per share for the current fiscal year.
W.W. Grainger Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were issued a dividend of $2.49 per share. This represents a $9.96 annualized dividend and a yield of 0.7%. This is a boost from W.W. Grainger's previous quarterly dividend of $2.26. The ex-dividend date was Monday, May 11th. W.W. Grainger's dividend payout ratio is 26.79%.
Insider Activity
In other news, VP Paige K. Robbins sold 1,457 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,232.29, for a total value of $1,795,446.53. Following the transaction, the vice president owned 2,232 shares of the company's stock, valued at $2,750,471.28. This trade represents a 39.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jonny M. Leroy sold 854 shares of the business's stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,231.06, for a total transaction of $1,051,325.24. Following the completion of the sale, the senior vice president owned 1,554 shares of the company's stock, valued at $1,913,067.24. The trade was a 35.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,624 shares of company stock valued at $3,232,291 over the last 90 days. 6.30% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on GWW shares. Sanford C. Bernstein lifted their price target on W.W. Grainger from $1,052.00 to $1,125.00 and gave the company a "market perform" rating in a report on Tuesday, April 21st. Wolfe Research upgraded W.W. Grainger from an "underperform" rating to a "peer perform" rating in a report on Thursday, July 9th. Barclays cut their price objective on shares of W.W. Grainger from $1,171.00 to $1,166.00 and set an "underweight" rating on the stock in a research report on Tuesday, June 23rd. Morgan Stanley lifted their target price on shares of W.W. Grainger from $1,190.00 to $1,300.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 27th. Finally, DA Davidson assumed coverage on shares of W.W. Grainger in a research report on Tuesday, June 16th. They issued a "neutral" rating and a $1,250.00 target price for the company. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $1,230.11.
Read Our Latest Analysis on GWW
About W.W. Grainger
(
Free Report)
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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