Oppenheimer Asset Management Inc. Acquires Shares of 4,064 W.W. Grainger, Inc. $GWW

Oppenheimer Asset Management Inc. acquired a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,064 shares of the industrial products company’s stock, valued at approximately $5,529,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GWW. Brighton Jones LLC boosted its stake in W.W. Grainger by 46.8% during the 4th quarter. Brighton Jones LLC now owns 320 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 102 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of W.W. Grainger by 18.0% in the first quarter. Empowered Funds LLC now owns 2,851 shares of the industrial products company’s stock valued at $2,816,000 after purchasing an additional 435 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of W.W. Grainger by 169.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,826 shares of the industrial products company’s stock valued at $3,980,000 after buying an additional 2,407 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in W.W. Grainger during the second quarter worth $208,000. Finally, Sei Investments Co. raised its position in W.W. Grainger by 35.2% in the 2nd quarter. Sei Investments Co. now owns 41,388 shares of the industrial products company’s stock valued at $43,051,000 after buying an additional 10,784 shares during the last quarter. 80.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on GWW shares. Stephens cut W.W. Grainger from an “overweight” rating to an “equal weight” rating and set a $1,355.00 price objective on the stock. in a research note on Tuesday, July 14th. Barclays upped 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. Oppenheimer raised their price target on shares of W.W. Grainger from $1,350.00 to $1,375.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Finally, Wolfe Research raised shares of W.W. Grainger from an “underperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,274.12.

W.W. Grainger Stock Up 0.1%

GWW stock opened at $1,322.34 on Friday. The stock’s fifty day simple moving average is $1,345.39 and its two-hundred day simple moving average is $1,221.07. 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, Inc. has a 1-year low of $906.52 and a 1-year high of $1,419.91. The stock 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 data on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the prior year, the company earned $9.97 EPS. The business’s revenue for the quarter 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. Analysts expect that W.W. Grainger, Inc. will post 46.14 EPS for the current year.

W.W. Grainger Announces Dividend

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

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.