Cibc World Market Inc. Buys New Stake in W.W. Grainger, Inc. $GWW

Cibc World Market Inc. purchased a new stake in W.W. Grainger, Inc. (NYSE:GWW) during the second quarter, HoldingsChannel.com reports. The fund purchased 2,681 shares of the industrial products company’s stock, valued at approximately $3,647,000.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of W.W. Grainger by 46.8% in the fourth quarter. Brighton Jones LLC now owns 320 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 102 shares during the last quarter. Empowered Funds LLC boosted its stake in W.W. Grainger by 18.0% during the first quarter. Empowered Funds LLC now owns 2,851 shares of the industrial products company’s stock valued at $2,816,000 after buying an additional 435 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in W.W. Grainger by 169.6% during the 2nd 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 in the last quarter. Gamco Investors INC. ET AL purchased a new position in W.W. Grainger during the 2nd quarter valued at approximately $208,000. Finally, Sei Investments Co. increased its stake 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 worth $43,051,000 after acquiring an additional 10,784 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

W.W. Grainger Trading Up 2.8%

Shares of NYSE GWW opened at $1,337.59 on Thursday. The business’s 50 day moving average is $1,345.00 and its two-hundred day moving average is $1,233.47. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.81 and a quick ratio of 1.70. 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 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 (NYSE:GWW) last issued 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. The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.96 billion. W.W. Grainger had a return on equity of 48.73% and a net margin of 9.92%.The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $9.97 earnings per share. W.W. Grainger has set its FY 2026 guidance at 45.500-47.250 EPS. As a group, research analysts expect that W.W. Grainger, Inc. will post 46.1 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 issued a dividend of $2.49 per share. This represents a $9.96 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, August 10th. W.W. Grainger’s dividend payout ratio is presently 25.40%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GWW. Oppenheimer upped their price objective on W.W. Grainger from $1,350.00 to $1,375.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Royal Bank Of Canada cut their target price on shares of W.W. Grainger from $1,460.00 to $1,428.00 and set a “sector perform” rating for the company in a 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 research report on Friday, July 17th. Wall Street Zen raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, DA Davidson increased 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 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. Based on data from MarketBeat, W.W. Grainger has an average rating of “Hold” and an average target price of $1,286.62.

W.W. Grainger Profile

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.