Oppenheimer Asset Management Inc. Invests $5.53 Million in W.W. Grainger, Inc. $GWW

Oppenheimer Asset Management Inc. purchased a new position in W.W. Grainger, Inc. (NYSE:GWW) during the second quarter, Holdings Channel.com reports. The fund purchased 4,064 shares of the industrial products company’s stock, valued at approximately $5,529,000.

Several other institutional investors have also bought and sold shares of GWW. State Street Corp increased its position in 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 worth $2,037,728,000 after buying an additional 23,399 shares during the last quarter. Geode Capital Management LLC grew 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 worth $1,230,214,000 after acquiring an additional 10,533 shares during the period. Wellington Management Group LLP grew its stake in shares of 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 acquiring an additional 1,003,237 shares during the period. Price T Rowe Associates Inc. MD increased its holdings 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 acquiring an additional 389,589 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in W.W. Grainger by 0.5% in the 3rd quarter. Northern Trust Corp now owns 659,158 shares of the industrial products company’s stock worth $628,151,000 after acquiring an additional 3,114 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Up 0.1%

Shares of NYSE GWW opened at $1,322.34 on Friday. W.W. Grainger, Inc. has a 52 week low of $906.52 and a 52 week high of $1,419.91. The business has a 50-day simple moving average of $1,345.39 and a two-hundred day simple moving average of $1,221.07. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.53. The company has a market cap of $62.28 billion, a P/E ratio of 33.72, a P/E/G ratio of 2.35 and a beta of 1.04.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results 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 return on equity of 48.73% and a net margin of 9.92%.The firm had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.96 billion. During the same period in the prior year, the business posted $9.97 earnings per share. The company’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. Research analysts anticipate that W.W. Grainger, Inc. will post 46.14 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be issued a dividend of $2.49 per share. This represents a $9.96 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, August 10th. W.W. Grainger’s dividend payout ratio is 25.40%.

Wall Street Analysts Forecast Growth

GWW has been the topic of several recent research reports. Oppenheimer upped their price objective on shares of W.W. Grainger from $1,350.00 to $1,375.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Barclays lifted their target price on shares of W.W. Grainger from $1,166.00 to $1,185.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 11th. Wall Street Zen raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Morgan Stanley upped their price target on shares of W.W. Grainger from $1,190.00 to $1,300.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Finally, Stephens downgraded shares of W.W. Grainger from an “overweight” rating to an “equal weight” rating and set a $1,355.00 price objective for the company. in a report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, W.W. Grainger currently has an average rating of “Hold” and a consensus target price of $1,274.12.

About W.W. Grainger

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.