Castleark Management LLC Invests $8.99 Million in W.W. Grainger, Inc. $GWW

Castleark Management LLC purchased a new stake in W.W. Grainger, Inc. (NYSE:GWWFree Report) during the 2nd quarter, HoldingsChannel reports. The fund purchased 6,610 shares of the industrial products company’s stock, valued at approximately $8,992,000.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. purchased a new position in W.W. Grainger in the 2nd quarter valued at approximately $6,303,024,000. State Street Corp grew its position in shares of W.W. Grainger by 1.2% in the fourth quarter. State Street Corp now owns 2,019,452 shares of the industrial products company’s stock valued at $2,037,728,000 after purchasing an additional 23,399 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of W.W. Grainger by 0.9% during the 4th 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 purchasing an additional 10,533 shares during the period. Wellington Management Group LLP lifted its holdings in W.W. Grainger by 1,462.1% during the 4th quarter. Wellington Management Group LLP now owns 1,071,854 shares of the industrial products company’s stock worth $1,081,554,000 after purchasing an additional 1,003,237 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in W.W. Grainger by 61.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,027,286 shares of the industrial products company’s stock worth $1,036,584,000 after purchasing an additional 389,589 shares during the period. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

W.W. Grainger Price Performance

GWW stock opened at $1,301.27 on Wednesday. The firm has a 50 day simple moving average of $1,344.46 and a two-hundred day simple moving average of $1,232.38. The stock has a market cap of $61.29 billion, a PE ratio of 33.18, a P/E/G ratio of 2.35 and a beta of 1.04. W.W. Grainger, Inc. has a one year low of $906.52 and a one year high of $1,419.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.81 and a quick ratio of 1.70.

W.W. Grainger (NYSE:GWWGet Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.96 billion. During the same quarter last year, the company posted $9.97 EPS. The business’s quarterly 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. On average, analysts predict that W.W. Grainger, Inc. will post 46.1 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be paid a dividend of $2.49 per share. 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 payout ratio is 25.40%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Stephens cut W.W. Grainger from an “overweight” rating to an “equal weight” rating and set a $1,355.00 price target on the stock. in a research report on Tuesday, July 14th. Oppenheimer upped their target price on shares of W.W. Grainger from $1,350.00 to $1,375.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. DA Davidson increased their target price on shares of W.W. Grainger from $1,250.00 to $1,260.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Morgan Stanley raised their price target on shares of W.W. Grainger from $1,300.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Royal Bank Of Canada decreased their price target 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 report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, W.W. Grainger presently has an average rating of “Hold” and an average price target of $1,286.62.

Check Out Our Latest Research Report on W.W. Grainger

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.

See Also

Want to see what other hedge funds are holding GWW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.W. Grainger, Inc. (NYSE:GWWFree Report).

Institutional Ownership by Quarter for W.W. Grainger (NYSE:GWW)

Receive News & Ratings for W.W. Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.W. Grainger and related companies with MarketBeat.com's FREE daily email newsletter.