Wealthfront Advisers LLC Takes $12.51 Million Position in W.W. Grainger, Inc. $GWW

Wealthfront Advisers LLC acquired a new position in shares of W.W. Grainger, Inc. (NYSE:GWW) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,199 shares of the industrial products company’s stock, valued at approximately $12,514,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in W.W. Grainger during the 2nd quarter worth approximately $6,303,024,000. State Street Corp lifted 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 worth $2,037,728,000 after purchasing 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 fourth 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 in the last quarter. Wellington Management Group LLP increased its holdings in W.W. Grainger by 1,462.1% in the fourth quarter. Wellington Management Group LLP now owns 1,071,854 shares of the industrial products company’s stock valued at $1,081,554,000 after buying an additional 1,003,237 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in 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 valued at $1,036,584,000 after buying an additional 389,589 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on GWW. Wall Street Zen raised W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Barclays raised their target price on W.W. Grainger from $1,166.00 to $1,185.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 11th. Weiss Ratings raised W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Sanford C. Bernstein increased 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 research note on Tuesday, April 21st. Finally, Stephens cut shares of 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 report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $1,274.12.

W.W. Grainger Stock Performance

Shares of GWW stock opened at $1,314.38 on Wednesday. The stock’s 50-day moving average is $1,345.40 and its two-hundred day moving average is $1,225.84. The firm has a market cap of $61.91 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 2.35 and a beta of 1.04. W.W. Grainger, Inc. has a 1 year low of $906.52 and a 1 year high of $1,419.91. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.70 and a current ratio of 2.81.

W.W. Grainger (NYSE:GWW) last posted 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 return on equity of 48.73% and a net margin of 9.92%.The business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.96 billion. During the same quarter in the previous year, the firm earned $9.97 earnings per share. The business’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. Analysts predict that W.W. Grainger, Inc. will post 46.14 earnings per share for the current year.

W.W. Grainger Dividend Announcement

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