W.W. Grainger, Inc. $GWW Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc raised its position in W.W. Grainger, Inc. (NYSE:GWW) by 65.3% during the 4th quarter, Holdings Channel reports. The firm owned 10,418 shares of the industrial products company’s stock after acquiring an additional 4,116 shares during the quarter. CIBC Asset Management Inc’s holdings in W.W. Grainger were worth $10,512,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GWW. Marble Wealth LLC acquired a new position in shares of W.W. Grainger in the fourth quarter worth $458,000. Mccarter Private Wealth Services LLC acquired a new position in W.W. Grainger in the fourth quarter valued at $207,000. Goldman Sachs Group Inc. increased its stake in W.W. Grainger by 18.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 439,945 shares of the industrial products company’s stock valued at $443,927,000 after purchasing an additional 68,221 shares during the last quarter. Westpac Banking Corp increased its stake in W.W. Grainger by 54.8% in the fourth quarter. Westpac Banking Corp now owns 407 shares of the industrial products company’s stock valued at $411,000 after purchasing an additional 144 shares during the last quarter. Finally, Fielder Capital Group LLC increased its stake in W.W. Grainger by 9.9% in the fourth quarter. Fielder Capital Group LLC now owns 1,213 shares of the industrial products company’s stock valued at $1,224,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Trading Up 0.9%

Shares of NYSE GWW opened at $1,300.83 on Friday. The stock’s 50 day moving average price is $1,188.64 and its two-hundred day moving average price is $1,101.24. W.W. Grainger, Inc. has a 52-week low of $906.52 and a 52-week high of $1,306.51. The stock has a market capitalization of $61.41 billion, a P/E ratio of 34.99, a PEG ratio of 2.38 and a beta of 1.04. The company has a quick ratio of 1.60, a current ratio of 2.69 and a debt-to-equity ratio of 0.55.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Thursday, May 7th. The industrial products company reported $11.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.21 by $1.44. W.W. Grainger had a return on equity of 47.87% and a net margin of 9.70%.The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter in the prior year, the firm posted $9.86 earnings per share. W.W. Grainger’s revenue for the quarter was up 10.1% compared to the same quarter last year. W.W. Grainger has set its FY 2026 guidance at 44.250-46.250 EPS. On average, analysts anticipate that W.W. Grainger, Inc. will post 45.34 earnings per share for the current fiscal year.

W.W. Grainger Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were paid a dividend of $2.49 per share. The ex-dividend date was Monday, May 11th. This is an increase from W.W. Grainger’s previous quarterly dividend of $2.26. This represents a $9.96 annualized dividend and a yield of 0.8%. W.W. Grainger’s payout ratio is currently 26.79%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Morgan Stanley upped their target price on W.W. Grainger from $1,190.00 to $1,300.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Barclays upped their target price on W.W. Grainger from $1,047.00 to $1,171.00 and gave the company an “underweight” rating in a research note on Tuesday, May 12th. Wall Street Zen upgraded W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Sanford C. Bernstein upped their target price on W.W. Grainger from $1,052.00 to $1,125.00 and gave the company a “market perform” rating in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada upped their target price on W.W. Grainger from $1,170.00 to $1,337.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1,212.88.

Insider Transactions at W.W. Grainger

In other W.W. Grainger news, VP Laurie R. Thomson sold 313 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,231.69, for a total transaction of $385,518.97. Following the sale, the vice president owned 399 shares in the company, valued at $491,444.31. This represents a 43.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Paige K. Robbins sold 1,457 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,232.29, for a total value of $1,795,446.53. Following the sale, the vice president owned 2,232 shares in the company, valued at $2,750,471.28. The trade was a 39.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 6,451 shares of company stock worth $7,380,743. 6.30% of the stock is owned by corporate insiders.

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.