Zacks Research Weighs in on W.W. Grainger, Inc.’s Q3 2024 Earnings (NYSE:GWW)

W.W. Grainger, Inc. (NYSE:GWWFree Report) – Investment analysts at Zacks Research increased their Q3 2024 earnings estimates for shares of W.W. Grainger in a report released on Tuesday, March 19th. Zacks Research analyst S. Deb now expects that the industrial products company will earn $9.95 per share for the quarter, up from their prior forecast of $9.94. The consensus estimate for W.W. Grainger’s current full-year earnings is $39.25 per share.

A number of other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of W.W. Grainger from $800.00 to $925.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Royal Bank of Canada raised their target price on shares of W.W. Grainger from $809.00 to $907.00 and gave the company a “sector perform” rating in a research note on Monday, February 5th. Oppenheimer raised their target price on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. StockNews.com upgraded shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Stephens raised their target price on shares of W.W. Grainger from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $913.89.

Read Our Latest Research Report on W.W. Grainger

W.W. Grainger Stock Up 0.7 %

W.W. Grainger stock opened at $1,001.18 on Wednesday. The company has a market capitalization of $49.19 billion, a P/E ratio of 27.65, a P/E/G ratio of 1.95 and a beta of 1.14. The firm’s fifty day simple moving average is $932.19 and its 200-day simple moving average is $819.15. The company has a current ratio of 2.88, a quick ratio of 1.64 and a debt-to-equity ratio of 0.66. W.W. Grainger has a 1-year low of $625.97 and a 1-year high of $1,016.89.

W.W. Grainger (NYSE:GWWGet Free Report) last released its earnings results on Friday, February 2nd. The industrial products company reported $8.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.05 by $0.28. W.W. Grainger had a net margin of 11.10% and a return on equity of 56.54%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the prior year, the firm earned $7.14 EPS. The company’s revenue was up 5.1% compared to the same quarter last year.

Hedge Funds Weigh In On W.W. Grainger

Institutional investors have recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. lifted its holdings in W.W. Grainger by 6.9% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 3,160 shares of the industrial products company’s stock valued at $2,187,000 after purchasing an additional 205 shares during the last quarter. Sigma Planning Corp lifted its holdings in W.W. Grainger by 23.4% during the 3rd quarter. Sigma Planning Corp now owns 633 shares of the industrial products company’s stock valued at $438,000 after purchasing an additional 120 shares during the last quarter. US Bancorp DE lifted its holdings in W.W. Grainger by 11.3% during the 3rd quarter. US Bancorp DE now owns 71,748 shares of the industrial products company’s stock valued at $49,638,000 after purchasing an additional 7,273 shares during the last quarter. Pathstone Family Office LLC lifted its holdings in W.W. Grainger by 89.4% during the 3rd quarter. Pathstone Family Office LLC now owns 7,828 shares of the industrial products company’s stock valued at $5,415,000 after purchasing an additional 3,695 shares during the last quarter. Finally, Natixis bought a new position in shares of W.W. Grainger in the second quarter worth about $355,000. 71.24% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Paige K. Robbins sold 3,122 shares of W.W. Grainger stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the sale, the vice president now directly owns 4,909 shares in the company, valued at approximately $4,664,629.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, VP Paige K. Robbins sold 3,813 shares of W.W. Grainger stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $968.88, for a total transaction of $3,694,339.44. Following the sale, the vice president now directly owns 4,909 shares in the company, valued at approximately $4,756,231.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Paige K. Robbins sold 3,122 shares of W.W. Grainger stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $950.22, for a total transaction of $2,966,586.84. Following the transaction, the vice president now directly owns 4,909 shares of the company’s stock, valued at $4,664,629.98. The disclosure for this sale can be found here. 9.90% of the stock is owned by company insiders.

W.W. Grainger Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were given a dividend of $1.86 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $7.44 annualized dividend and a dividend yield of 0.74%. W.W. Grainger’s dividend payout ratio (DPR) is currently 20.55%.

W.W. Grainger Company Profile

(Get Free Report)

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

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