W.W. Grainger, Inc. $GWW Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp increased its position in W.W. Grainger, Inc. (NYSE:GWW) by 1.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 75,410 shares of the industrial products company’s stock after purchasing an additional 880 shares during the period. Mackenzie Financial Corp’s holdings in W.W. Grainger were worth $71,863,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GWW. Magnetar Financial LLC acquired a new position in W.W. Grainger during the third quarter worth approximately $1,617,000. Banque Cantonale Vaudoise boosted its holdings in shares of W.W. Grainger by 18.5% in the third quarter. Banque Cantonale Vaudoise now owns 3,459 shares of the industrial products company’s stock valued at $3,297,000 after acquiring an additional 540 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of W.W. Grainger by 7.8% in the third quarter. Russell Investments Group Ltd. now owns 40,059 shares of the industrial products company’s stock valued at $38,098,000 after acquiring an additional 2,895 shares during the period. Inceptionr LLC purchased a new position in shares of W.W. Grainger during the third quarter worth approximately $387,000. Finally, Schroder Investment Management Group grew its position in shares of W.W. Grainger by 8.6% during the third quarter. Schroder Investment Management Group now owns 90,749 shares of the industrial products company’s stock worth $86,028,000 after acquiring an additional 7,170 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Insider Activity

In related news, VP Krantz Nancy L. Berardinelli sold 195 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $1,023.93, for a total transaction of $199,666.35. Following the completion of the transaction, the vice president directly owned 3,174 shares of the company’s stock, valued at $3,249,953.82. This represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 6.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on GWW shares. Sanford C. Bernstein began coverage on shares of W.W. Grainger in a research report on Wednesday, November 12th. They issued a “market perform” rating and a $975.00 price target for the company. Weiss Ratings upgraded shares of W.W. Grainger from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 6th. Oppenheimer upped their target price on shares of W.W. Grainger from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Morgan Stanley increased their target price on shares of W.W. Grainger from $1,100.00 to $1,190.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. raised their price target on W.W. Grainger from $1,100.00 to $1,165.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $1,071.38.

W.W. Grainger Price Performance

Shares of NYSE GWW opened at $1,109.86 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.83 and a quick ratio of 1.59. The stock has a fifty day moving average price of $1,099.42 and a 200 day moving average price of $1,020.23. W.W. Grainger, Inc. has a 1-year low of $893.99 and a 1-year high of $1,218.63. The company has a market cap of $52.57 billion, a PE ratio of 31.36, a P/E/G ratio of 2.33 and a beta of 1.10.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $9.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.46 by ($0.01). The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.39 billion. W.W. Grainger had a net margin of 9.51% and a return on equity of 47.46%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.71 earnings per share. W.W. Grainger has set its FY 2026 guidance at 42.250-44.750 EPS. Sell-side analysts forecast that W.W. Grainger, Inc. will post 40.3 EPS for the current year.

W.W. Grainger Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Monday, February 9th were paid a dividend of $2.26 per share. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, February 9th. W.W. Grainger’s payout ratio is 25.54%.

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.