W.W. Grainger, Inc. (NYSE:GWW – Get Rating) – Equities researchers at William Blair cut their Q4 2022 earnings per share (EPS) estimates for shares of W.W. Grainger in a report issued on Wednesday, September 21st. William Blair analyst R. Merkel now expects that the industrial products company will earn $6.85 per share for the quarter, down from their prior forecast of $6.87. The consensus estimate for W.W. Grainger’s current full-year earnings is $28.07 per share. William Blair also issued estimates for W.W. Grainger’s FY2023 earnings at $29.75 EPS and FY2024 earnings at $34.25 EPS.
W.W. Grainger (NYSE:GWW – Get Rating) last issued its quarterly earnings results on Friday, July 29th. The industrial products company reported $7.19 earnings per share for the quarter, beating analysts’ consensus estimates of $6.72 by $0.47. W.W. Grainger had a return on equity of 57.59% and a net margin of 9.23%. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the business earned $4.27 EPS. The business’s quarterly revenue was up 19.6% on a year-over-year basis.
A number of other research analysts also recently commented on the company. Robert W. Baird upped their price objective on W.W. Grainger from $505.00 to $600.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. Stephens upped their price objective on W.W. Grainger from $565.00 to $600.00 and gave the stock an “equal weight” rating in a research note on Monday, August 1st. Royal Bank of Canada upped their price objective on W.W. Grainger from $399.00 to $422.00 and gave the stock an “underperform” rating in a research note on Monday, August 1st. Morgan Stanley boosted their price target on W.W. Grainger from $421.00 to $448.00 and gave the stock an “underweight” rating in a research report on Monday, August 1st. Finally, StockNews.com lowered W.W. Grainger from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 16th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $538.33.
W.W. Grainger Price Performance
Shares of NYSE GWW opened at $494.85 on Monday. W.W. Grainger has a twelve month low of $391.16 and a twelve month high of $588.62. The company has a current ratio of 2.58, a quick ratio of 1.44 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $25.17 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.21. The business has a 50 day simple moving average of $542.63 and a 200-day simple moving average of $505.93.
W.W. Grainger Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 8th were given a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a yield of 1.39%. The ex-dividend date was Friday, August 5th. W.W. Grainger’s payout ratio is 27.14%.
Insider Activity at W.W. Grainger
In related news, VP Paige K. Robbins sold 2,330 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $500.03, for a total transaction of $1,165,069.90. Following the transaction, the vice president now directly owns 11,996 shares of the company’s stock, valued at $5,998,359.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 10.00% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Riverview Trust Co acquired a new position in shares of W.W. Grainger during the 1st quarter valued at about $26,000. Ronald Blue Trust Inc. acquired a new position in shares of W.W. Grainger during the 2nd quarter valued at about $27,000. Venture Visionary Partners LLC acquired a new position in shares of W.W. Grainger during the 2nd quarter valued at about $28,000. Fairfield Bush & CO. acquired a new position in shares of W.W. Grainger during the 1st quarter valued at about $30,000. Finally, Cyrus J. Lawrence LLC bought a new stake in W.W. Grainger during the 1st quarter valued at approximately $32,000. 71.33% of the stock is owned by institutional investors and hedge funds.
W.W. Grainger Company Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. It offers safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools.
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