W.W. Grainger (NYSE:GWW) Updates FY22 Earnings Guidance

W.W. Grainger (NYSE:GWWGet Rating) issued an update on its FY22 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $27.25-28.75 for the period, compared to the consensus earnings per share estimate of $27.96. W.W. Grainger also updated its FY 2022 guidance to $27.25-$28.75 EPS.

W.W. Grainger Stock Down 2.4 %

Shares of NYSE:GWW opened at $504.24 on Friday. The firm has a fifty day moving average price of $541.89 and a two-hundred day moving average price of $505.62. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.58 and a quick ratio of 1.44. W.W. Grainger has a one year low of $391.16 and a one year high of $588.62. The company 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 (NYSE:GWWGet Rating) last announced its quarterly earnings results on Friday, July 29th. The industrial products company reported $7.19 EPS for the quarter, beating the consensus estimate of $6.65 by $0.54. W.W. Grainger had a net margin of 9.23% and a return on equity of 57.59%. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the firm earned $4.27 EPS. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. Analysts anticipate that W.W. Grainger will post 28.07 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 8th were given a dividend of $1.72 per share. The ex-dividend date was Friday, August 5th. This represents a $6.88 annualized dividend and a dividend yield of 1.36%. W.W. Grainger’s dividend payout ratio (DPR) is presently 27.14%.

Analysts Set New Price Targets

Several equities analysts have recently commented on GWW shares. StockNews.com lowered W.W. Grainger from a strong-buy rating to a buy rating in a research report on Thursday, June 16th. Royal Bank of Canada increased their price objective on W.W. Grainger from $399.00 to $422.00 and gave the company an underperform rating in a research report on Monday, August 1st. Robert W. Baird increased their price objective on W.W. Grainger from $505.00 to $600.00 and gave the company an outperform rating in a research report on Monday, August 1st. Morgan Stanley increased their price objective on W.W. Grainger from $421.00 to $448.00 and gave the company an underweight rating in a research report on Monday, August 1st. Finally, Stephens increased their price objective on W.W. Grainger from $565.00 to $600.00 and gave the company an equal weight rating in a research report on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $518.57.

Insider Buying and Selling

In other W.W. Grainger news, VP Paige K. Robbins sold 2,330 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 10.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On W.W. Grainger

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC purchased a new stake in W.W. Grainger in the 2nd quarter worth approximately $444,000. XTX Topco Ltd purchased a new position in shares of W.W. Grainger in the 1st quarter valued at approximately $416,000. Cibc World Market Inc. lifted its stake in shares of W.W. Grainger by 67.9% in the 1st 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 purchased a new position in shares of W.W. Grainger in the 1st quarter valued at approximately $388,000. Finally, KB Financial Partners LLC lifted 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 purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 71.33% of the company’s stock.

W.W. Grainger Company Profile

(Get Rating)

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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Earnings History and Estimates for W.W. Grainger (NYSE:GWW)

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