Wolfe Research started coverage on shares of W.W. Grainger (NYSE:GWW – Free Report) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a peer perform rating on the industrial products company’s stock.
Other equities analysts have also recently issued research reports about the company. Wall Street Zen raised W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Royal Bank Of Canada reduced their price target on shares of W.W. Grainger from $1,460.00 to $1,428.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 5th. Oppenheimer raised their price target on shares of W.W. Grainger from $1,350.00 to $1,375.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Morgan Stanley boosted their price objective on shares of W.W. Grainger from $1,300.00 to $1,400.00 and gave the company an “equal weight” rating in a research report on Monday, August 24th. Finally, Weiss Ratings upgraded shares of W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, W.W. Grainger has a consensus rating of “Hold” and a consensus target price of $1,286.62.
Read Our Latest Stock Report on W.W. Grainger
W.W. Grainger Stock Performance
W.W. Grainger (NYSE:GWW – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share for the quarter, beating the consensus estimate of $11.30 by $0.71. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.96 billion. W.W. Grainger had a return on equity of 48.73% and a net margin of 9.92%.W.W. Grainger’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned $9.97 earnings per share. W.W. Grainger has set its FY 2026 guidance at 45.500-47.250 EPS. On average, sell-side analysts anticipate that W.W. Grainger will post 46.24 EPS for the current fiscal year.
W.W. Grainger Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th were paid a $2.49 dividend. The ex-dividend date was Monday, August 10th. This represents a $9.96 dividend on an annualized basis and a yield of 0.8%. W.W. Grainger’s payout ratio is 25.40%.
Institutional Investors Weigh In On W.W. Grainger
Hedge funds and other institutional investors have recently made changes to their positions in the company. Continuum Advisory LLC acquired a new position in W.W. Grainger in the second quarter worth approximately $34,000. Elevation Wealth Partners LLC raised its position in W.W. Grainger by 420.0% during the second quarter. Elevation Wealth Partners LLC now owns 26 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 21 shares in the last quarter. EFG International AG acquired a new stake in W.W. Grainger in the second quarter valued at approximately $37,000. MV Capital Management Inc. bought a new stake in W.W. Grainger in the fourth quarter worth approximately $28,000. Finally, Elyxium Wealth LLC bought a new stake in W.W. Grainger in the fourth quarter worth approximately $30,000. 80.70% of the stock is owned by hedge funds and other institutional investors.
W.W. Grainger Company Profile
W.W. Grainger, Inc is a distributor of maintenance, repair and operating (MRO) products and related services. The company serves businesses, government agencies and other organizations that need supplies to maintain facilities, equipment and operations. Its product categories include tools, safety equipment, material handling products, cleaning and maintenance supplies, electrical and lighting products, plumbing supplies, HVAC equipment and fasteners.
Founded in 1927 by William W. Grainger, the company has grown from a regional electrical-equipment distributor into a global MRO provider.
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