W.W. Grainger, Inc. (NYSE:GWW) – Equities research analysts at Jefferies Financial Group lowered their Q2 2021 earnings per share estimates for W.W. Grainger in a report released on Sunday, May 2nd. Jefferies Financial Group analyst H. Mazari now anticipates that the industrial products company will earn $4.54 per share for the quarter, down from their prior estimate of $4.95. Jefferies Financial Group has a “Buy” rating and a $520.00 price target on the stock. Jefferies Financial Group also issued estimates for W.W. Grainger’s FY2021 earnings at $20.04 EPS, Q1 2022 earnings at $5.29 EPS, Q2 2022 earnings at $4.97 EPS, Q1 2023 earnings at $5.91 EPS and FY2023 earnings at $25.52 EPS.
GWW has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft increased their price objective on W.W. Grainger from $409.00 to $458.00 and gave the stock a “hold” rating in a report on Monday. Morgan Stanley raised their price target on W.W. Grainger from $427.00 to $462.00 and gave the stock an “equal weight” rating in a research note on Monday. Royal Bank of Canada boosted their price objective on shares of W.W. Grainger from $354.00 to $369.00 and gave the company an “underperform” rating in a research report on Monday. Atlantic Securities raised shares of W.W. Grainger from an “underweight” rating to a “neutral” rating and set a $435.00 target price for the company in a research report on Tuesday. Finally, Robert W. Baird lifted their target price on shares of W.W. Grainger from $452.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $421.15.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Thursday, April 29th. The industrial products company reported $4.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.30 by $0.18. W.W. Grainger had a net margin of 5.37% and a return on equity of 41.31%. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the prior year, the company posted $4.24 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year.
Several large investors have recently bought and sold shares of GWW. Greenleaf Trust raised its holdings in W.W. Grainger by 2.4% in the 1st quarter. Greenleaf Trust now owns 1,112 shares of the industrial products company’s stock worth $446,000 after acquiring an additional 26 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of W.W. Grainger by 39.7% in the fourth quarter. Penserra Capital Management LLC now owns 95 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 27 shares during the last quarter. Harfst & Associates Inc. lifted its holdings in shares of W.W. Grainger by 3.0% during the fourth quarter. Harfst & Associates Inc. now owns 985 shares of the industrial products company’s stock valued at $402,000 after purchasing an additional 29 shares in the last quarter. Bremer Bank National Association boosted its position in shares of W.W. Grainger by 0.5% during the fourth quarter. Bremer Bank National Association now owns 5,882 shares of the industrial products company’s stock valued at $2,402,000 after buying an additional 30 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in W.W. Grainger by 4.1% in the 1st quarter. Private Advisor Group LLC now owns 753 shares of the industrial products company’s stock worth $302,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 70.63% of the company’s stock.
In other news, VP John L. Howard sold 2,535 shares of the firm’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $407.21, for a total transaction of $1,032,277.35. Following the completion of the transaction, the vice president now directly owns 40,893 shares in the company, valued at $16,652,038.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Donald G. Macpherson sold 4,276 shares of W.W. Grainger stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $407.01, for a total value of $1,740,374.76. Following the completion of the transaction, the chief executive officer now directly owns 61,175 shares of the company’s stock, valued at approximately $24,898,836.75. The disclosure for this sale can be found here. 13.97% of the stock is currently owned by company insiders.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Monday, May 10th will be paid a dividend of $1.62 per share. This is an increase from W.W. Grainger’s previous quarterly dividend of $1.53. The ex-dividend date is Friday, May 7th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.42%. W.W. Grainger’s dividend payout ratio (DPR) is currently 35.40%.
W.W. Grainger Company Profile
W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools.
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