Handelsbanken Fonder AB Has $30.38 Million Stock Position in W.W. Grainger, Inc. $GWW

Handelsbanken Fonder AB raised its stake in W.W. Grainger, Inc. (NYSE:GWW) by 48.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,328 shares of the industrial products company’s stock after acquiring an additional 7,297 shares during the quarter. Handelsbanken Fonder AB’s holdings in W.W. Grainger were worth $30,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of GWW. Mattern Capital Management LLC increased its holdings in shares of W.W. Grainger by 4.8% in the fourth quarter. Mattern Capital Management LLC now owns 12,234 shares of the industrial products company’s stock valued at $12,345,000 after purchasing an additional 563 shares in the last quarter. Banco BTG Pactual S.A. bought a new position in W.W. Grainger in the 4th quarter valued at $1,048,000. Assenagon Asset Management S.A. boosted its position in W.W. Grainger by 1,353.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 31,242 shares of the industrial products company’s stock valued at $42,502,000 after buying an additional 29,092 shares during the last quarter. Merit Financial Group LLC increased its stake in shares of W.W. Grainger by 72.3% in the 4th quarter. Merit Financial Group LLC now owns 2,353 shares of the industrial products company’s stock valued at $2,374,000 after buying an additional 987 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in shares of W.W. Grainger by 526.9% in the 4th quarter. Evergreen Capital Management LLC now owns 1,655 shares of the industrial products company’s stock valued at $1,670,000 after buying an additional 1,391 shares during the period. 80.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GWW has been the topic of several research reports. Royal Bank Of Canada cut their price target on W.W. Grainger from $1,460.00 to $1,428.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 5th. Morgan Stanley lifted their price objective on W.W. Grainger from $1,190.00 to $1,300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Sanford C. Bernstein upped their target price 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 report on Tuesday, April 21st. Wolfe Research raised shares of W.W. Grainger from an “underperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Finally, Wall Street Zen upgraded shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Sunday. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, W.W. Grainger currently has an average rating of “Hold” and a consensus price target of $1,274.12.

W.W. Grainger Stock Up 0.3%

NYSE:GWW opened at $1,301.38 on Wednesday. W.W. Grainger, Inc. has a 12-month low of $906.52 and a 12-month high of $1,419.91. 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 firm has a market capitalization of $61.30 billion, a P/E ratio of 33.18, a P/E/G ratio of 2.31 and a beta of 1.04. The stock’s fifty day simple moving average is $1,343.95 and its 200-day simple moving average is $1,216.81.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $12.01 EPS for the quarter, beating analysts’ consensus estimates of $11.30 by $0.71. The business had revenue of $5.02 billion during 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 firm’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $9.97 earnings per share. W.W. Grainger has set its FY 2026 guidance at 45.500-47.250 EPS. Equities research analysts expect that W.W. Grainger, Inc. will post 46.14 earnings per share for the current year.

W.W. Grainger Announces Dividend

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

W.W. Grainger Company 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.