Bank of New York Mellon Corp Has $267.85 Million Holdings in W.W. Grainger, Inc. $GWW

Bank of New York Mellon Corp trimmed its holdings in W.W. Grainger, Inc. (NYSE:GWW) by 2.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 245,555 shares of the industrial products company’s stock after selling 5,749 shares during the quarter. Bank of New York Mellon Corp’s holdings in W.W. Grainger were worth $267,853,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Miller Capital Partners Inc. acquired a new stake in shares of W.W. Grainger in the 4th quarter valued at $26,000. MV Capital Management Inc. acquired a new position in W.W. Grainger in the 4th quarter worth $28,000. Harbor Investment Advisory LLC lifted its stake in W.W. Grainger by 314.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 29 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 22 shares in the last quarter. Elyxium Wealth LLC bought a new stake in W.W. Grainger during the 4th quarter worth about $30,000. Finally, Caitlin John LLC bought a new stake in shares of W.W. Grainger during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Trading Down 0.7%

NYSE:GWW opened at $1,392.73 on Friday. W.W. Grainger, Inc. has a 12 month low of $906.52 and a 12 month high of $1,419.91. The stock has a market capitalization of $65.76 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 2.59 and a beta of 1.03. The company has a current ratio of 2.69, a quick ratio of 1.60 and a debt-to-equity ratio of 0.55. The firm’s 50 day moving average is $1,312.23 and its 200 day moving average is $1,178.69.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Thursday, May 7th. The industrial products company reported $11.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.21 by $1.44. The firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.58 billion. W.W. Grainger had a net margin of 9.70% and a return on equity of 47.87%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $9.86 earnings per share. W.W. Grainger has set its FY 2026 guidance at 44.250-46.250 EPS. Sell-side analysts expect that W.W. Grainger, Inc. will post 45.46 earnings per share for the current year.

W.W. Grainger Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued a dividend of $2.49 per share. The ex-dividend date was Monday, May 11th. This represents a $9.96 dividend on an annualized basis and a yield of 0.7%. This is an increase from W.W. Grainger’s previous quarterly dividend of $2.26. W.W. Grainger’s dividend payout ratio (DPR) is currently 26.79%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GWW. Stephens downgraded shares of W.W. Grainger from an “overweight” rating to an “equal weight” rating and set a $1,355.00 target price on the stock. in a report on Tuesday. Weiss Ratings cut shares of W.W. Grainger from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. DA Davidson started coverage on W.W. Grainger in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $1,250.00 price target for the company. Sanford C. Bernstein lifted their price target on shares of W.W. Grainger from $1,052.00 to $1,125.00 and gave the company a “market perform” rating in a report on Tuesday, April 21st. Finally, Barclays cut their target price on shares of W.W. Grainger from $1,171.00 to $1,166.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $1,230.11.

Insider Transactions at W.W. Grainger

In other news, VP Laurie R. Thomson sold 313 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,231.69, for a total transaction of $385,518.97. Following the transaction, the vice president directly owned 399 shares of the company’s stock, valued at $491,444.31. This represents a 43.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Paige K. Robbins sold 1,457 shares of W.W. Grainger stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,232.29, for a total transaction of $1,795,446.53. Following the transaction, the vice president owned 2,232 shares in the company, valued at $2,750,471.28. This represents a 39.50% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,624 shares of company stock worth $3,232,291. 6.30% of the stock is currently owned by insiders.

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.