22,099 Shares in W.W. Grainger, Inc. $GWW Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new position in W.W. Grainger, Inc. (NYSE:GWW) in the second quarter, HoldingsChannel.com reports. The fund bought 22,099 shares of the industrial products company’s stock, valued at approximately $30,063,000.

A number of other hedge funds have also added to or reduced their stakes in GWW. BlackRock Inc. bought a new position in W.W. Grainger in the second quarter valued at about $6,303,024,000. State Street Corp increased its position in shares of W.W. Grainger by 1.2% during the 4th 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 during the last quarter. Geode Capital Management LLC lifted its stake in shares of W.W. Grainger by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,217,834 shares of the industrial products company’s stock worth $1,230,214,000 after purchasing an additional 10,533 shares during the period. Wellington Management Group LLP lifted its stake in shares of W.W. Grainger by 1,462.1% in 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 during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of W.W. Grainger by 61.1% in the fourth 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 buying an additional 389,589 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

W.W. Grainger Trading Down 1.2%

Shares of NYSE:GWW opened at $1,319.67 on Friday. The stock has a 50 day moving average of $1,344.10 and a 200 day moving average of $1,234.33. The company has a market cap of $62.16 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 2.38 and a beta of 1.04. W.W. Grainger, Inc. has a 12-month low of $906.52 and a 12-month high of $1,419.91. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.53.

W.W. Grainger (NYSE:GWW) last released its 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 last year, the business earned $9.97 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. W.W. Grainger has set its FY 2026 guidance at 45.500-47.250 EPS. As a group, equities research analysts expect that W.W. Grainger, Inc. will post 46.1 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. Stockholders of record on Monday, August 10th will be paid a $2.49 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $9.96 dividend on an annualized basis and a dividend yield of 0.8%. W.W. Grainger’s dividend payout ratio is 25.40%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Stephens lowered shares of W.W. Grainger from an “overweight” rating to an “equal weight” rating and set a $1,355.00 target price for the company. in a research report on Tuesday, July 14th. Wolfe Research upgraded shares of W.W. Grainger from an “underperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. DA Davidson boosted their price objective on shares of W.W. Grainger from $1,250.00 to $1,260.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, Oppenheimer raised their target price on 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. Two 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. Based on data from MarketBeat, W.W. Grainger has an average rating of “Hold” and a consensus target price of $1,286.62.

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.