W.W. Grainger (GWW) Q2 Earnings Beat Estimates
W.W. Grainger (GWW) came out with quarterly earnings of $9.76 per share, beating the Zacks Consensus Estimate of $9.58 per share. This compares to earnings of $9.28 per share a year ago.
Will Solid Organic Sales Aid Grainger's (GWW) Q2 Results?
Grainger's (GWW) second-quarter 2024 results are likely to reflect gains from upbeat segmental performances and cost-reduction actions.
Gear Up for W.W. Grainger (GWW) Q2 Earnings: Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for W.W. Grainger (GWW), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
W.W. Grainger (GWW) Earnings Expected to Grow: Should You Buy?
W.W. Grainger (GWW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Will W.W. Grainger (GWW) Beat Estimates Again in Its Next Earnings Report?
W.W. Grainger (GWW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Why W.W. Grainger (GWW) is a Top Growth Stock for the Long-Term
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Here's Why W.W. Grainger (GWW) is a Strong Value Stock
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W.W. Grainger, Inc. (NYSE:GWW) Stake Lowered by Meridian Wealth Management LLC
Meridian Wealth Management LLC trimmed its holdings in W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 55.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 378 shares of the industrial products company’s stock after selling 474 shares during the period. Meridian Wealth Management LLC’s holdings in W.W. Grainger were worth $313,000 as of its most recent SEC filing. A number of other institutional investors have also made changes to their positions in GWW. Daiwa Securities Group Inc. grew its holdings in shares of W.W. Grainger by 6.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,304 shares of the industrial products company’s stock worth $2,978,000 after purchasing an additional 278 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of W.W. Grainger by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 60,871 shares of the industrial products company’s stock valued at $42,113,000 after purchasing an additional 202 shares during the last quarter. California Public Employees Retirement System boosted its stake in W.W. Grainger by 3.4% in the third quarter. California Public Employees Retirement System now owns 130,081 shares of the industrial products company’s stock valued at $89,995,000 after acquiring an additional 4,280 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in W.W. Grainger by 7.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 957 shares of the industrial products company’s stock worth $662,000 after acquiring an additional 68 shares during the period. Finally, West Coast Financial LLC boosted its position in shares of W.W. Grainger by 38.8% in the 3rd quarter. West Coast Financial LLC now owns 13,392 shares of the industrial products company’s stock worth $9,265,000 after purchasing an additional 3,742 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors. Insider Activity In related news, VP Paige K. Robbins sold 3,813 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 4,909 shares in the company, valued at approximately $4,756,231.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.50% of the stock is currently owned by corporate insiders. W.W. Grainger Stock Down 0.2 % W.W. Grainger stock opened at $945.66 on Monday. W.W. Grainger, Inc. has a fifty-two week low of $641.95 and a fifty-two week high of $1,034.18. The firm has a market capitalization of $46.40 billion, a PE ratio of 26.11, a P/E/G ratio of 1.85 and a beta of 1.18. The company’s 50-day moving average is $972.40 and its 200-day moving average is $900.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.19 and a quick ratio of 1.33. W.W. Grainger (NYSE:GWW – Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $9.62 EPS for the quarter, topping analysts’ consensus estimates of $9.57 by $0.05. W.W. Grainger had a return on equity of 54.31% and a net margin of 10.94%. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the company earned $9.61 EPS. The company’s revenue was up 3.5% on a year-over-year basis. Sell-side analysts anticipate that W.W. Grainger, Inc. will post 39.34 earnings per share for the current year. W.W. Grainger Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Monday, May 13th will be issued a $2.05 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from W.W. Grainger’s previous quarterly dividend of $1.86. W.W. Grainger’s dividend payout ratio is 22.64%. Wall Street Analyst Weigh In A number of equities analysts have issued reports on GWW shares. UBS Group increased their target price on W.W. Grainger from $740.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Stephens raised shares of W.W. Grainger from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $1,000.00 to $1,250.00 in a research note on Monday, April 29th. Oppenheimer boosted their price objective on shares of W.W. Grainger from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. 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 report on Monday, February 5th. Finally, StockNews.com raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, W.W. Grainger has a consensus rating of “Hold” and a consensus price target of $938.89. Get Our Latest Stock Report on GWW About W.W. Grainger (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. Read More Five stocks we like better than W.W. Grainger Industrial Products Stocks Investing JD’s Earnings Could Mean Chinese Stocks Making a Comeback What is a Bond Market Holiday? How to Invest and Trade Canada Goose Flies Higher Driven By DTC Growth What Are Trending Stocks? Trending Stocks Explained CVS Health Stock Has a Silver Lining Called Value
Here's Why W.W. Grainger (GWW) is a Strong Growth Stock
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