24,360 Shares in W.W. Grainger, Inc. $GWW Purchased by Freestone Grove Partners LP

Freestone Grove Partners LP purchased a new stake in shares of W.W. Grainger, Inc. (NYSE:GWW) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 24,360 shares of the industrial products company’s stock, valued at approximately $33,139,000. Freestone Grove Partners LP owned about 0.05% of W.W. Grainger at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of W.W. Grainger during the second quarter valued at approximately $6,303,024,000. Wellington Management Group LLP lifted 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 last quarter. Norges Bank purchased a new position in W.W. Grainger during the 4th quarter valued at $518,958,000. Northwestern Mutual Wealth Management Co. boosted its holdings in W.W. Grainger by 34,269.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 435,466 shares of the industrial products company’s stock valued at $439,407,000 after acquiring an additional 434,199 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position 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 valued at $1,036,584,000 after acquiring an additional 389,589 shares during the last quarter. 80.70% of the stock is owned by hedge funds and other institutional investors.

W.W. Grainger Trading Up 2.8%

GWW opened at $1,337.59 on Thursday. 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 stock’s fifty day moving average is $1,345.00 and its two-hundred day moving average is $1,233.47. The company has a market capitalization of $63.00 billion, a P/E ratio of 34.10, a PEG ratio of 2.32 and a beta of 1.04. W.W. Grainger, Inc. has a 52 week low of $906.52 and a 52 week high of $1,419.91.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share for the quarter, topping 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 business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.96 billion. During the same period in the prior year, the business earned $9.97 EPS. The business’s revenue for the quarter 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 forecast that W.W. Grainger, Inc. will post 46.1 earnings per share for the current year.

W.W. Grainger Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be paid a $2.49 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $9.96 dividend on an annualized basis and a yield of 0.7%. W.W. Grainger’s dividend payout ratio is 25.40%.

Analyst Ratings Changes

GWW has been the topic of a number of recent analyst reports. Weiss Ratings upgraded W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. Oppenheimer boosted their target price on shares of W.W. Grainger from $1,350.00 to $1,375.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Stephens cut shares of W.W. Grainger from an “overweight” rating to an “equal weight” rating and set a $1,355.00 price target on the stock. in a report on Tuesday, July 14th. Wall Street Zen upgraded shares of W.W. Grainger from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Finally, DA Davidson boosted their price objective on shares of W.W. Grainger from $1,250.00 to $1,260.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Two research 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 an average target price of $1,286.62.

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.