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

W.W. Grainger (NYSE:GWWGet Rating) updated its FY22 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $25.00-$27.00 for the period, compared to the Thomson Reuters consensus estimate of $24.68. The company issued revenue guidance of $14.5-$14.9 billion, compared to the consensus revenue estimate of $14.31 billion.

A number of research firms recently weighed in on GWW. Morgan Stanley downgraded W.W. Grainger from an equal weight rating to an underweight rating and decreased their target price for the stock from $562.00 to $480.00 in a research report on Thursday, April 14th. Royal Bank of Canada lifted their target price on W.W. Grainger from $392.00 to $432.00 in a research report on Friday, February 4th. William Blair reissued a market perform rating on shares of W.W. Grainger in a research report on Thursday, February 3rd. Oppenheimer lifted their target price on W.W. Grainger from $535.00 to $580.00 and gave the stock an outperform rating in a research report on Friday, February 4th. Finally, Robert W. Baird lifted their target price on W.W. Grainger from $525.00 to $560.00 in a research report on Friday, February 4th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, W.W. Grainger currently has an average rating of Hold and an average price target of $503.09.

Shares of GWW traded down $14.90 on Friday, hitting $500.03. The company’s stock had a trading volume of 422,549 shares, compared to its average volume of 284,384. The company has a market capitalization of $25.55 billion, a PE ratio of 22.29, a PEG ratio of 1.56 and a beta of 1.25. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.63 and a quick ratio of 1.40. W.W. Grainger has a fifty-two week low of $391.16 and a fifty-two week high of $529.91. The company has a 50 day moving average price of $499.01 and a 200 day moving average price of $490.13.

W.W. Grainger (NYSE:GWWGet Rating) last announced its earnings results on Thursday, April 28th. The industrial products company reported $7.07 EPS for the quarter, topping the consensus estimate of $6.12 by $0.95. W.W. Grainger had a return on equity of 48.91% and a net margin of 7.98%. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the previous year, the business earned $4.48 EPS. W.W. Grainger’s revenue was up 18.3% compared to the same quarter last year. On average, equities analysts forecast that W.W. Grainger will post 24.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Monday, May 9th will be given a $1.72 dividend. This represents a $6.88 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Friday, May 6th. This is a boost from W.W. Grainger’s previous quarterly dividend of $1.62. W.W. Grainger’s payout ratio is 28.89%.

In related news, VP John L. Howard sold 1,732 shares of the business’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $509.24, for a total value of $882,003.68. Following the completion of the transaction, the vice president now owns 20,567 shares in the company, valued at approximately $10,473,539.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Deidra C. Merriwether sold 488 shares of the company’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $488.62, for a total transaction of $238,446.56. Following the sale, the chief financial officer now owns 7,605 shares of the company’s stock, valued at approximately $3,715,955.10. The disclosure for this sale can be found here. Insiders own 10.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Weiss Multi Strategy Advisers LLC bought a new stake in shares of W.W. Grainger during the 4th quarter valued at $1,324,000. Paradigm Financial Partners LLC bought a new stake in shares of W.W. Grainger in the 4th quarter valued at $208,000. NewEdge Advisors LLC bought a new stake in shares of W.W. Grainger in the 4th quarter valued at $1,431,000. Toroso Investments LLC increased its position in shares of W.W. Grainger by 477.9% in the 4th quarter. Toroso Investments LLC now owns 5,502 shares of the industrial products company’s stock valued at $2,851,000 after buying an additional 4,550 shares in the last quarter. Finally, Zullo Investment Group Inc. bought a new stake in shares of W.W. Grainger in the 4th quarter valued at $165,000. Institutional investors own 77.20% 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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