HighTower Advisors LLC Sells 482 Shares of W.W. Grainger, Inc. $GWW

HighTower Advisors LLC cut its position in shares of W.W. Grainger, Inc. (NYSE:GWW) by 5.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,794 shares of the industrial products company’s stock after selling 482 shares during the period. HighTower Advisors LLC’s holdings in W.W. Grainger were worth $10,603,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Continuum Advisory LLC bought a new stake in shares of W.W. Grainger in the 2nd quarter valued at about $34,000. Elevation Wealth Partners LLC boosted its stake 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 purchasing an additional 21 shares in the last quarter. Miller Capital Partners Inc. bought a new position in shares of W.W. Grainger during the fourth quarter valued at approximately $26,000. EFG International AG purchased a new position in W.W. Grainger during the second quarter valued at approximately $37,000. Finally, MV Capital Management Inc. bought a new position in W.W. Grainger in the fourth quarter worth approximately $28,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on GWW. Wolfe Research raised W.W. Grainger from an “underperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Royal Bank Of Canada reduced 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. Oppenheimer raised their price target on shares of W.W. Grainger from $1,350.00 to $1,375.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, DA Davidson lifted their price objective on shares of W.W. Grainger from $1,250.00 to $1,260.00 and gave the stock 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 given a Sell rating to the stock. Based on data from MarketBeat, W.W. Grainger presently has a consensus rating of “Hold” and an average price target of $1,286.62.

W.W. Grainger Trading Down 0.7%

Shares of W.W. Grainger stock opened at $1,280.27 on Thursday. The firm’s 50 day simple moving average is $1,335.76 and its two-hundred day simple moving average is $1,244.09. The firm has a market capitalization of $60.30 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 2.29 and a beta of 1.03. 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 current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.53.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $12.01 EPS for the quarter, topping the consensus estimate of $11.30 by $0.71. W.W. Grainger had a net margin of 9.92% and a return on equity of 48.73%. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same period in the previous year, the firm posted $9.97 earnings per share. 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 predict that W.W. Grainger, Inc. will post 46.24 EPS for the current year.

W.W. Grainger Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th were paid a $2.49 dividend. This represents a $9.96 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, August 10th. W.W. Grainger’s dividend payout ratio (DPR) is presently 25.40%.

About W.W. Grainger

W.W. Grainger, Inc is a distributor of maintenance, repair and operating (MRO) products and related services. The company serves businesses, government agencies and other organizations that need supplies to maintain facilities, equipment and operations. Its product categories include tools, safety equipment, material handling products, cleaning and maintenance supplies, electrical and lighting products, plumbing supplies, HVAC equipment and fasteners.

Founded in 1927 by William W. Grainger, the company has grown from a regional electrical-equipment distributor into a global MRO provider.