W.W. Grainger (NYSE:GWW – Get Rating) updated its FY 2022 earnings guidance on Wednesday. The company provided earnings per share guidance of $27.25-$28.75 for the period, compared to the consensus earnings per share estimate of $27.97. The company issued revenue guidance of $15.00 billion-$15.20 billion, compared to the consensus revenue estimate of $15.09 billion. W.W. Grainger also updated its FY 2025 guidance to $40.00-$40.00 EPS.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Stephens boosted their target price on shares of W.W. Grainger from $565.00 to $600.00 and gave the company an equal weight rating in a research note on Monday, August 1st. StockNews.com downgraded shares of W.W. Grainger from a strong-buy rating to a buy rating in a report on Thursday, June 16th. Royal Bank of Canada boosted their price target on shares of W.W. Grainger from $399.00 to $422.00 and gave the company an underperform rating in a report on Monday, August 1st. Morgan Stanley raised their target price 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, Robert W. Baird raised their target price on W.W. Grainger from $505.00 to $600.00 and gave the stock an outperform rating in a research report on Monday, August 1st. Three analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, W.W. Grainger has an average rating of Hold and an average price target of $518.57.
W.W. Grainger Price Performance
Shares of GWW stock opened at $504.24 on Friday. The stock has a 50-day moving average price of $541.89 and a 200 day moving average price of $505.62. The company has a quick ratio of 1.44, a current ratio of 2.58 and a debt-to-equity ratio of 0.94. The firm has a market cap of $25.65 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.42 and a beta of 1.21. W.W. Grainger has a 12 month low of $391.16 and a 12 month high of $588.62.
W.W. Grainger Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 8th were given a $1.72 dividend. This represents a $6.88 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Friday, August 5th. W.W. Grainger’s payout ratio is presently 27.14%.
Insider Transactions at W.W. Grainger
In other W.W. Grainger news, VP Paige K. Robbins sold 2,330 shares of W.W. Grainger stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $500.03, for a total value of $1,165,069.90. Following the completion of the sale, the vice president now owns 11,996 shares in the company, valued at approximately $5,998,359.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On W.W. Grainger
Several hedge funds and other institutional investors have recently made changes to their positions in GWW. NewEdge Advisors LLC bought a new stake in W.W. Grainger during the 2nd quarter worth approximately $444,000. XTX Topco Ltd acquired a new position in shares of W.W. Grainger during the 1st quarter valued at $416,000. Cibc World Market Inc. raised its holdings in shares of W.W. Grainger by 67.9% during the first quarter. Cibc World Market Inc. now owns 789 shares of the industrial products company’s stock valued at $407,000 after purchasing an additional 319 shares during the period. Mirabella Financial Services LLP acquired a new stake in shares of W.W. Grainger in the 1st quarter valued at about $388,000. Finally, KB Financial Partners LLC grew its stake in shares of W.W. Grainger by 11.0% in the 1st quarter. KB Financial Partners LLC now owns 638 shares of the industrial products company’s stock valued at $329,000 after buying an additional 63 shares during the period. 71.33% of the stock is owned by institutional investors.
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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