W.W. Grainger, Inc. $GWW Shares Bought by NewEdge Wealth LLC

NewEdge Wealth LLC grew its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 66.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,970 shares of the industrial products company’s stock after purchasing an additional 784 shares during the period. NewEdge Wealth LLC’s holdings in W.W. Grainger were worth $1,988,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Crossmark Global Holdings Inc. increased its holdings in shares of W.W. Grainger by 71.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 1,754 shares of the industrial products company’s stock worth $1,770,000 after acquiring an additional 732 shares during the period. Strategic Wealth Advisors LLC acquired a new position in W.W. Grainger during the 4th quarter valued at about $140,000. International Assets Investment Management LLC acquired a new position in W.W. Grainger during the 4th quarter valued at about $202,000. MGO One Seven LLC increased its stake in W.W. Grainger by 12.5% during the 4th quarter. MGO One Seven LLC now owns 587 shares of the industrial products company’s stock valued at $592,000 after buying an additional 65 shares during the period. Finally, Crestwood Advisors Group LLC increased its stake in W.W. Grainger by 16.9% during the 4th quarter. Crestwood Advisors Group LLC now owns 615 shares of the industrial products company’s stock valued at $620,000 after buying an additional 89 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Stock Performance

Shares of GWW stock opened at $1,237.89 on Wednesday. W.W. Grainger, Inc. has a 1-year low of $906.52 and a 1-year high of $1,286.56. 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 company has a market capitalization of $58.44 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 2.27 and a beta of 1.04. The stock’s fifty day simple moving average is $1,128.41 and its 200-day simple moving average is $1,063.89.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Thursday, May 7th. The industrial products company reported $11.65 EPS for the quarter, beating analysts’ consensus estimates of $10.21 by $1.44. W.W. Grainger had a net margin of 9.70% and a return on equity of 47.87%. The firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the previous year, the firm posted $9.86 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. W.W. Grainger has set its FY 2026 guidance at 44.250-46.250 EPS. On average, sell-side analysts predict that W.W. Grainger, Inc. will post 45.24 earnings per share for the current fiscal year.

W.W. Grainger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be paid a $2.49 dividend. This represents a $9.96 dividend on an annualized basis and a yield of 0.8%. This is an increase from W.W. Grainger’s previous quarterly dividend of $2.26. The ex-dividend date is Monday, May 11th. W.W. Grainger’s dividend payout ratio is presently 26.79%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley lifted their price target on W.W. Grainger from $1,100.00 to $1,190.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Oppenheimer lifted their target price on W.W. Grainger from $1,250.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their target price on W.W. Grainger from $1,100.00 to $1,165.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Barclays lifted their target price on W.W. Grainger from $1,047.00 to $1,171.00 and gave the stock an “underweight” rating in a report on Tuesday. Finally, Sanford C. Bernstein lifted their target price on shares of W.W. Grainger from $1,052.00 to $1,125.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,199.13.

Insider Buying and Selling

In other W.W. Grainger news, CFO Deidra C. Merriwether sold 2,339 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $1,064.73, for a total value of $2,490,403.47. Following the transaction, the chief financial officer owned 10,235 shares in the company, valued at $10,897,511.55. The trade was a 18.60% 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. 6.30% of the stock is owned by company insiders.

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.