Saudi Central Bank Increases Holdings in W.W. Grainger, Inc. $GWW

Saudi Central Bank lifted its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 83.9% during the second quarter, HoldingsChannel.com reports. The firm owned 3,065 shares of the industrial products company’s stock after purchasing an additional 1,398 shares during the quarter. Saudi Central Bank’s holdings in W.W. Grainger were worth $4,170,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in GWW. Continuum Advisory LLC purchased a new position in W.W. Grainger during the 2nd quarter valued at about $34,000. Elevation Wealth Partners LLC increased its position in shares of W.W. Grainger by 420.0% during the second quarter. Elevation Wealth Partners LLC now owns 26 shares of the industrial products company’s stock valued at $35,000 after buying an additional 21 shares during the period. Miller Capital Partners Inc. purchased a new stake in shares of W.W. Grainger in the fourth quarter worth about $26,000. EFG International AG bought a new position in shares of W.W. Grainger in the second quarter valued at approximately $37,000. Finally, MV Capital Management Inc. purchased a new position in W.W. Grainger during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on GWW shares. Royal Bank Of Canada decreased their target price on shares of W.W. Grainger from $1,460.00 to $1,428.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th. Morgan Stanley raised their price target on shares of W.W. Grainger from $1,300.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday, August 24th. Stephens lowered shares of W.W. Grainger from an “overweight” rating to an “equal weight” rating and set a $1,355.00 price target for the company. in a research report on Tuesday, July 14th. Weiss Ratings raised shares of W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Finally, Barclays increased their price objective 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. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1,286.62.

W.W. Grainger Stock Performance

NYSE GWW opened at $1,324.65 on Monday. W.W. Grainger, Inc. has a 52-week low of $906.52 and a 52-week high of $1,419.91. The company has a fifty day moving average of $1,339.02 and a 200-day moving average of $1,240.57. The company has a market capitalization of $62.39 billion, a P/E ratio of 33.77, a P/E/G ratio of 2.35 and a beta of 1.03. 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 released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share 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 business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter last year, the business posted $9.97 earnings per share. The company’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. As a group, equities research analysts predict that W.W. Grainger, Inc. will post 46.17 EPS for the current fiscal year.

W.W. Grainger Announces Dividend

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