Allspring Global Investments Holdings LLC Buys 1,641 Shares of W.W. Grainger, Inc. $GWW

Allspring Global Investments Holdings LLC grew its stake in W.W. Grainger, Inc. (NYSE:GWW) by 32.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,632 shares of the industrial products company’s stock after buying an additional 1,641 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in W.W. Grainger were worth $7,346,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in shares of W.W. Grainger by 1,462.1% during the fourth 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 bought a new stake in W.W. Grainger in the 4th quarter valued at $518,958,000. Northwestern Mutual Wealth Management Co. increased its holdings in W.W. Grainger by 34,269.9% in 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 last quarter. Price T Rowe Associates Inc. MD lifted its stake 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 worth $1,036,584,000 after purchasing an additional 389,589 shares in the last quarter. Finally, Sustainable Growth Advisers LP purchased a new stake in W.W. Grainger in the 3rd quarter worth $239,597,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Insider Transactions at W.W. Grainger

In other news, VP Paige K. Robbins sold 1,457 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,232.29, for a total value of $1,795,446.53. Following the transaction, the vice president owned 2,232 shares of the company’s stock, valued at $2,750,471.28. The trade was a 39.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jonny M. Leroy sold 854 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,231.06, for a total transaction of $1,051,325.24. Following the transaction, the senior vice president owned 1,554 shares of the company’s stock, valued at approximately $1,913,067.24. This trade represents a 35.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 2,624 shares of company stock valued at $3,232,291. Corporate insiders own 6.30% of the company’s stock.

W.W. Grainger Stock Performance

Shares of W.W. Grainger stock opened at $1,364.70 on Friday. W.W. Grainger, Inc. has a 12 month low of $906.52 and a 12 month high of $1,419.91. The stock’s fifty day moving average price is $1,321.19 and its 200-day moving average price is $1,189.65. The firm has a market cap of $64.43 billion, a P/E ratio of 36.71, a P/E/G ratio of 2.50 and a beta of 1.03. The company has a current ratio of 2.69, a quick ratio of 1.60 and a debt-to-equity ratio of 0.55.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Thursday, May 7th. The industrial products company reported $11.65 EPS for the quarter, beating analysts’ consensus estimates of $10.21 by $1.44. W.W. Grainger had a net margin of 9.70% and a return on equity of 47.87%. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the firm posted $9.86 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. W.W. Grainger has set its FY 2026 guidance at 44.250-46.250 EPS. On average, equities research analysts expect that W.W. Grainger, Inc. will post 45.46 earnings per share for the current fiscal year.

W.W. Grainger Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were given a $2.49 dividend. This represents a $9.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, May 11th. This is a positive change from W.W. Grainger’s previous quarterly dividend of $2.26. W.W. Grainger’s dividend payout ratio is presently 26.79%.

Analyst Ratings Changes

Several analysts have recently issued reports on GWW shares. Royal Bank Of Canada upped their price objective on W.W. Grainger from $1,337.00 to $1,460.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. Wolfe Research raised shares of W.W. Grainger from an “underperform” rating to a “peer perform” rating in a report on Thursday, July 9th. DA Davidson initiated coverage on shares of W.W. Grainger in a report on Tuesday, June 16th. They issued a “neutral” rating and a $1,250.00 target price for the company. Sanford C. Bernstein boosted their price target on shares of W.W. Grainger from $1,052.00 to $1,125.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings upgraded W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, W.W. Grainger has a consensus rating of “Hold” and a consensus target price of $1,230.11.

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.