Streetbeat News

GWW

W.W. Grainger, Inc.

https://www.grainger.com

Industry

Industrial - Distribution

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. It also offers inventory management and technical support services. The company serves businesses, corporations, government entities, and other institutions through sales and service representatives, and electronic and ecommerce channels. W.W. Grainger, Inc. was founded in 1927 and is headquartered in Lake Forest, Illinois.

Open

1193.40

Mkt cap

58B

Volume

224K

High

1195.32

P/E Ratio

31.45

52-wk high

1199.00

Low

1179.93

Div yield

0.01

52-wk low

772.13

W.W. Grainger (NYSE:GWW) has outperformed the market over the past 15 years, producing an average annual return of 14.77%. If an investor had bought $100 of GWW stock 15 years ago, it would be worth $788.17 today. The company currently has a market capitalization of $35.67 billion.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 7:00 pm

W.W. Grainger's (NYSE:GWW) short percent of float has fallen 13.9% since its last report, with 1.01 million shares sold short, which is 2.54% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, W.W. Grainger has less short interest as a percentage of float, with an average of 4.95%.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:15 pm

Morgan Stanley analyst Stephen Grambling maintains an Underweight rating on W.W. Grainger (NYSE:GWW) and raises the price target from $647 to $653.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 5:15 pm

W.W. Grainger (NYSE:GWW) has received mixed analyst ratings in the last quarter, with 1 bullish, 1 somewhat bullish, 2 indifferent, and 2 somewhat bearish. The average 12-month price target for the company, according to 6 analysts, is $726.17, which has increased by 4.48% over the past month.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 1:00 pm

Baird analyst David Manthey has maintained an Outperform rating on W.W. Grainger (NYSE:GWW) but lowered the price target from $795 to $790.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:54 am

W.W. Grainger's shares are trading lower following the company's Q2 earnings report, which revealed worse-than-expected revenues.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 3:31 pm

W.W. Grainger has raised the mid-point of its FY23 net sales guidance to $16.4 billion-$16.8 billion, up from the previous estimate of $16.2 billion-$16.8 billion. The company also expects FY23 EPS to be between $35.00 and $36.75, compared to the previous range of $34.25 to $36.75.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:11 pm

W.W. Grainger reported Q2 earnings of $9.28 per share, beating the analyst consensus estimate of $9.13 by 1.64%. However, the company's quarterly sales of $4.18 billion missed the estimate of $4.21 billion by 0.67%. The earnings and sales represent a 29.07% and 8.99% increase respectively from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:05 pm

W.W. Grainger's (NYSE:GWW) short percent of float has risen 6.5% since its last report, with 1.17 million shares sold short, which is 2.95% of all regular shares available for trading. It would take traders 4.09 days to cover their short positions on average. The company's short interest is less than its peer group average of 5.21%.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 2:45 pm

W.W. Grainger (NYSE:GWW) has outperformed the market over the past 5 years by 7.84% on an annualized basis, producing an average annual return of 17.86%. If an investor had bought $100 of GWW stock 5 years ago, it would be worth $226.65 today. The company currently has a market capitalization of $38.72 billion.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 2:30 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.