W.W. Grainger, Inc. (NYSE:GWW – Get Rating) – Stock analysts at Zacks Research issued their Q3 2022 EPS estimates for shares of W.W. Grainger in a research note issued to investors on Wednesday, September 14th. Zacks Research analyst M. Das forecasts that the industrial products company will post earnings per share of $7.10 for the quarter. The consensus estimate for W.W. Grainger’s current full-year earnings is $28.07 per share. Zacks Research also issued estimates for W.W. Grainger’s Q4 2022 earnings at $6.64 EPS, FY2022 earnings at $28.00 EPS, Q1 2023 earnings at $7.37 EPS, Q2 2023 earnings at $7.26 EPS, Q3 2023 earnings at $7.58 EPS, Q4 2023 earnings at $7.45 EPS, FY2023 earnings at $29.66 EPS, Q1 2024 earnings at $7.52 EPS, Q2 2024 earnings at $7.83 EPS and FY2024 earnings at $31.74 EPS.
GWW has been the topic of a number of other research reports. Robert W. Baird raised their price objective on shares of W.W. Grainger from $505.00 to $600.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. Morgan Stanley raised their price objective on shares of W.W. Grainger from $421.00 to $448.00 and gave the stock an “underweight” rating in a report on Monday, August 1st. Royal Bank of Canada raised their price objective on shares of W.W. Grainger from $399.00 to $422.00 and gave the stock an “underperform” rating in a report 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. Finally, Stephens raised their price objective on shares of W.W. Grainger from $565.00 to $600.00 and gave the stock an “equal weight” rating in a report on Monday, August 1st. Three analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, W.W. Grainger currently has a consensus rating of “Hold” and an average target price of $518.57.
W.W. Grainger Stock Performance
W.W. Grainger (NYSE:GWW – Get Rating) last announced its quarterly earnings results on Friday, July 29th. The industrial products company reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.65 by $0.54. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.69 billion. W.W. Grainger had a net margin of 9.23% and a return on equity of 57.59%. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the firm posted $4.27 EPS.
W.W. Grainger Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 8th were paid a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Friday, August 5th. W.W. Grainger’s payout ratio is 27.14%.
Insiders Place Their Bets
In other W.W. Grainger news, VP Paige K. Robbins sold 2,330 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $500.03, for a total transaction of $1,165,069.90. Following 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 through this hyperlink. 10.00% of the stock is owned by company insiders.
Institutional Investors Weigh In On W.W. Grainger
Several institutional investors and hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. raised its position in shares of W.W. Grainger by 25.6% during the second quarter. Federated Hermes Inc. now owns 358 shares of the industrial products company’s stock valued at $163,000 after buying an additional 73 shares during the last quarter. Private Trust Co. NA bought a new stake in shares of W.W. Grainger during the second quarter valued at approximately $108,000. Brown Advisory Inc. raised its position in shares of W.W. Grainger by 0.8% during the second quarter. Brown Advisory Inc. now owns 34,970 shares of the industrial products company’s stock valued at $15,892,000 after buying an additional 290 shares during the last quarter. Amundi raised its position in shares of W.W. Grainger by 8.2% during the second quarter. Amundi now owns 252,362 shares of the industrial products company’s stock valued at $115,166,000 after buying an additional 19,229 shares during the last quarter. Finally, M&G Investment Management Ltd. bought a new stake in W.W. Grainger in the second quarter worth $7,891,000. Institutional investors own 71.33% of the company’s stock.
About W.W. Grainger
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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