Ticino Wealth bought a new stake in W.W. Grainger, Inc. (NYSE:GWW – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 970 shares of the industrial products company’s stock, valued at approximately $979,000.
Several other hedge funds and other institutional investors have also made changes to their positions in GWW. Vanguard Group Inc. boosted its position in shares of W.W. Grainger by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,731,880 shares of the industrial products company’s stock worth $5,462,252,000 after buying an additional 104,607 shares in the last quarter. State Street Corp grew its position in shares of W.W. Grainger by 0.7% in the third quarter. State Street Corp now owns 1,996,053 shares of the industrial products company’s stock valued at $1,902,159,000 after purchasing an additional 13,779 shares during the period. Parnassus Investments LLC acquired a new position in W.W. Grainger in the third quarter valued at $721,202,000. Northern Trust Corp lifted its position in W.W. Grainger by 0.5% during the third quarter. Northern Trust Corp now owns 659,158 shares of the industrial products company’s stock worth $628,151,000 after buying an additional 3,114 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in W.W. Grainger by 7.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 477,693 shares of the industrial products company’s stock worth $482,016,000 after buying an additional 34,307 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.
Insiders Place Their Bets
In related news, CFO Deidra C. Merriwether sold 2,339 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $1,064.73, for a total transaction of $2,490,403.47. Following the transaction, the chief financial officer directly owned 10,235 shares of the company’s stock, valued at approximately $10,897,511.55. The trade was a 18.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.30% of the company’s stock.
W.W. Grainger Trading Down 0.4%
W.W. Grainger (NYSE:GWW – Get Free Report) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $9.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.46 by ($0.01). The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.39 billion. W.W. Grainger had a return on equity of 47.46% and a net margin of 9.51%.The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $9.71 EPS. W.W. Grainger has set its FY 2026 guidance at 42.250-44.750 EPS. Analysts expect that W.W. Grainger, Inc. will post 43.61 EPS for the current fiscal year.
W.W. Grainger Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Monday, February 9th were issued a dividend of $2.26 per share. This represents a $9.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, February 9th. W.W. Grainger’s dividend payout ratio is currently 25.54%.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. Barclays raised their target price on shares of W.W. Grainger from $1,044.00 to $1,047.00 and gave the stock an “underweight” rating in a research report on Monday, March 16th. Weiss Ratings upgraded shares of W.W. Grainger from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. JPMorgan Chase & Co. upped their price objective 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. Morgan Stanley increased their target price on W.W. Grainger from $1,100.00 to $1,190.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Finally, Oppenheimer boosted their price target on W.W. Grainger from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1,118.14.
Read Our Latest Stock Analysis on GWW
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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