W.W. Grainger, Inc. (NYSE:GWW - Free Report) - Analysts at William Blair raised their Q4 2024 earnings estimates for W.W. Grainger in a research report issued on Tuesday, October 8th. William Blair analyst R. Merkel now anticipates that the industrial products company will post earnings per share of $9.31 for the quarter, up from their previous estimate of $9.16. The consensus estimate for W.W. Grainger's current full-year earnings is $38.75 per share.
W.W. Grainger (NYSE:GWW - Get Free Report) last issued its earnings results on Thursday, August 1st. The industrial products company reported $9.76 EPS for the quarter, topping analysts' consensus estimates of $9.58 by $0.18. W.W. Grainger had a net margin of 10.86% and a return on equity of 53.25%. The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the previous year, the firm earned $9.28 earnings per share. W.W. Grainger's quarterly revenue was up 3.1% compared to the same quarter last year.
Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of W.W. Grainger from $1,000.00 to $1,015.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Erste Group Bank reiterated a "hold" rating on shares of W.W. Grainger in a research report on Friday, June 14th. Bank of America initiated coverage on shares of W.W. Grainger in a research report on Monday. They set an "underperform" rating and a $925.00 price target for the company. Wolfe Research upgraded shares of W.W. Grainger to a "hold" rating in a research report on Sunday, September 22nd. Finally, Morgan Stanley initiated coverage on shares of W.W. Grainger in a research report on Friday, September 6th. They set an "equal weight" rating and a $990.00 price target for the company. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $1,005.20.
Get Our Latest Stock Report on W.W. Grainger
W.W. Grainger Trading Down 0.4 %
GWW stock traded down $4.44 during trading on Thursday, reaching $1,025.16. 173,927 shares of the stock were exchanged, compared to its average volume of 234,796. The company has a current ratio of 2.30, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $989.75 and a 200-day moving average price of $960.01. W.W. Grainger has a 1 year low of $674.41 and a 1 year high of $1,049.02. The firm has a market capitalization of $50.30 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 2.07 and a beta of 1.16.
Institutional Trading of W.W. Grainger
Several institutional investors have recently modified their holdings of the stock. Clearbridge Investments LLC lifted its position in shares of W.W. Grainger by 17.4% during the 1st quarter. Clearbridge Investments LLC now owns 1,148,051 shares of the industrial products company's stock worth $1,167,913,000 after buying an additional 169,897 shares during the last quarter. Dimensional Fund Advisors LP raised its position in W.W. Grainger by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 360,026 shares of the industrial products company's stock valued at $324,841,000 after purchasing an additional 17,699 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in W.W. Grainger in the 2nd quarter valued at $281,104,000. Hsbc Holdings PLC raised its position in W.W. Grainger by 0.8% in the 2nd quarter. Hsbc Holdings PLC now owns 243,470 shares of the industrial products company's stock valued at $219,386,000 after purchasing an additional 1,849 shares during the last quarter. Finally, FIL Ltd raised its position in W.W. Grainger by 21.4% in the 4th quarter. FIL Ltd now owns 240,856 shares of the industrial products company's stock valued at $199,595,000 after purchasing an additional 42,395 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company's stock.
Insider Buying and Selling
In related news, CEO Donald G. Macpherson sold 27,502 shares of W.W. Grainger stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the completion of the transaction, the chief executive officer now owns 111,559 shares in the company, valued at $111,650,478.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Donald G. Macpherson sold 27,502 shares of W.W. Grainger stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,000.82, for a total value of $27,524,551.64. Following the completion of the transaction, the chief executive officer now owns 111,559 shares in the company, valued at $111,650,478.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Donald G. Macpherson sold 12,992 shares of W.W. Grainger stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $1,037.68, for a total transaction of $13,481,538.56. Following the completion of the transaction, the chief executive officer now owns 98,567 shares of the company's stock, valued at $102,281,004.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 9.50% of the stock is owned by insiders.
W.W. Grainger Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Monday, August 12th were paid a $2.05 dividend. The ex-dividend date was Monday, August 12th. This represents a $8.20 dividend on an annualized basis and a yield of 0.80%. W.W. Grainger's dividend payout ratio is currently 22.64%.
About W.W. Grainger
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W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.
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