FY2024 EPS Estimates for W.W. Grainger Increased by Analyst

W.W. Grainger, Inc. (NYSE:GWW - Free Report) - Equities research analysts at Zacks Research increased their FY2024 earnings estimates for W.W. Grainger in a report issued on Thursday, November 14th. Zacks Research analyst S. Deb now anticipates that the industrial products company will earn $38.94 per share for the year, up from their prior estimate of $38.79. The consensus estimate for W.W. Grainger's current full-year earnings is $38.92 per share. Zacks Research also issued estimates for W.W. Grainger's Q4 2024 earnings at $9.69 EPS, Q3 2025 earnings at $10.89 EPS and FY2025 earnings at $41.68 EPS.

W.W. Grainger (NYSE:GWW - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $9.87 EPS for the quarter, missing the consensus estimate of $9.98 by ($0.11). The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.40 billion. W.W. Grainger had a net margin of 10.80% and a return on equity of 51.78%. W.W. Grainger's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $9.43 EPS.

A number of other research firms have also issued reports on GWW. Bank of America began coverage on shares of W.W. Grainger in a research report on Monday, October 7th. They set an "underperform" rating and a $925.00 price target for the company. StockNews.com raised shares of W.W. Grainger from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Baird R W raised shares of W.W. Grainger from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. UBS Group assumed coverage on shares of W.W. Grainger in a research report on Wednesday, November 13th. They set a "neutral" rating and a $1,280.00 price target on the stock. Finally, Wolfe Research upgraded shares of W.W. Grainger to a "hold" rating in a research note on Sunday, September 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $1,086.50.

W.W. Grainger Stock Down 0.5 %

Shares of NYSE:GWW traded down $6.20 during trading on Monday, reaching $1,172.13. The stock had a trading volume of 191,789 shares, compared to its average volume of 235,469. W.W. Grainger has a one year low of $772.13 and a one year high of $1,227.66. The company has a market capitalization of $57.08 billion, a P/E ratio of 31.94, a PEG ratio of 3.25 and a beta of 1.15. The company has a current ratio of 2.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. The firm's 50-day simple moving average is $1,078.55 and its 200 day simple moving average is $988.96.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Monday, November 11th will be given a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, November 8th. W.W. Grainger's dividend payout ratio (DPR) is 22.23%.

Insider Transactions at W.W. Grainger

In related news, VP Laurie R. Thomson sold 125 shares of W.W. Grainger stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $1,206.03, for a total value of $150,753.75. Following the completion of the transaction, the vice president now directly owns 675 shares of the company's stock, valued at $814,070.25. The trade was a 15.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Paige K. Robbins sold 9,577 shares of W.W. Grainger stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $1,117.84, for a total value of $10,705,553.68. Following the completion of the sale, the vice president now owns 4,379 shares of the company's stock, valued at approximately $4,895,021.36. The trade was a 68.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,900 shares of company stock valued at $52,640,733 over the last three months. 9.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On W.W. Grainger

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Virtue Capital Management LLC grew its holdings in shares of W.W. Grainger by 5.2% during the 3rd quarter. Virtue Capital Management LLC now owns 223 shares of the industrial products company's stock worth $232,000 after purchasing an additional 11 shares in the last quarter. Toronto Dominion Bank raised its position in W.W. Grainger by 72.6% in the third quarter. Toronto Dominion Bank now owns 22,045 shares of the industrial products company's stock valued at $22,901,000 after purchasing an additional 9,270 shares during the last quarter. Coldstream Capital Management Inc. raised its position in W.W. Grainger by 10.6% in the third quarter. Coldstream Capital Management Inc. now owns 887 shares of the industrial products company's stock valued at $934,000 after purchasing an additional 85 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of W.W. Grainger by 2.5% in the third quarter. Geode Capital Management LLC now owns 1,167,031 shares of the industrial products company's stock valued at $1,208,610,000 after buying an additional 28,626 shares during the period. Finally, Foyston Gordon & Payne Inc increased its stake in shares of W.W. Grainger by 1.4% in the third quarter. Foyston Gordon & Payne Inc now owns 6,092 shares of the industrial products company's stock valued at $6,328,000 after buying an additional 82 shares during the period. Institutional investors own 80.70% of the company's stock.

About W.W. Grainger

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.