Perigon Wealth Management LLC acquired a new position in W.W. Grainger, Inc. (NYSE:GWW – Free Report) during the second quarter, HoldingsChannel.com reports. The fund acquired 3,390 shares of the industrial products company’s stock, valued at approximately $4,612,000.
Several other hedge funds have also recently made changes to their positions in GWW. Avantax Planning Partners Inc. grew its stake in shares of W.W. Grainger by 1.9% in the 4th quarter. Avantax Planning Partners Inc. now owns 483 shares of the industrial products company’s stock valued at $487,000 after buying an additional 9 shares during the period. Hohimer Wealth Management LLC raised its position in W.W. Grainger by 1.2% in the 4th quarter. Hohimer Wealth Management LLC now owns 788 shares of the industrial products company’s stock valued at $795,000 after buying an additional 9 shares during the last quarter. Sawyer & Company Inc boosted its holdings in W.W. Grainger by 1.5% during the 4th quarter. Sawyer & Company Inc now owns 676 shares of the industrial products company’s stock worth $682,000 after acquiring an additional 10 shares during the last quarter. Dearborn Partners LLC boosted its holdings in W.W. Grainger by 3.4% during the 4th quarter. Dearborn Partners LLC now owns 305 shares of the industrial products company’s stock worth $308,000 after acquiring an additional 10 shares during the last quarter. Finally, Andina Capital Management LLC grew its stake in shares of W.W. Grainger by 2.5% in the 4th quarter. Andina Capital Management LLC now owns 404 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 10 shares in the last quarter. 80.70% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on GWW shares. Weiss Ratings raised shares of W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Sanford C. Bernstein increased their price objective on shares of W.W. Grainger from $1,052.00 to $1,125.00 and gave the company a “market perform” rating in a research note on Tuesday, April 21st. Wolfe Research raised shares of W.W. Grainger from an “underperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Oppenheimer boosted their target price on W.W. Grainger from $1,350.00 to $1,375.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, Stephens downgraded W.W. Grainger from an “overweight” rating to an “equal weight” rating and set a $1,355.00 price target for the company. in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, W.W. Grainger currently has a consensus rating of “Hold” and a consensus target price of $1,274.12.
W.W. Grainger Stock Down 0.3%
W.W. Grainger stock opened at $1,319.00 on Tuesday. W.W. Grainger, Inc. has a twelve month low of $906.52 and a twelve month high of $1,419.91. The firm has a 50 day moving average price of $1,345.69 and a 200-day moving average price of $1,224.11. The company has a market capitalization of $62.12 billion, a P/E ratio of 33.63, a P/E/G ratio of 2.35 and a beta of 1.04. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.53.
W.W. Grainger (NYSE:GWW – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $12.01 EPS for the quarter, topping analysts’ consensus estimates of $11.30 by $0.71. W.W. Grainger had a net margin of 9.92% and a return on equity of 48.73%. The company had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.96 billion. During the same quarter in the previous year, the firm posted $9.97 EPS. W.W. Grainger’s revenue was up 10.3% on a year-over-year basis. W.W. Grainger has set its FY 2026 guidance at 45.500-47.250 EPS. As a group, equities analysts predict that W.W. Grainger, Inc. will post 46.14 EPS for the current year.
W.W. Grainger Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be issued a $2.49 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $9.96 annualized dividend and a yield of 0.8%. W.W. Grainger’s dividend payout ratio (DPR) is 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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