W.W. Grainger, Inc. (GWW) to Issue Quarterly Dividend of $2.26 on December 1st

W.W. Grainger, Inc. (NYSE:GWW) announced a quarterly dividend on Wednesday, October 29th. Shareholders of record on Monday, November 10th will be given a dividend of 2.26 per share by the industrial products company on Monday, December 1st. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 10th.

W.W. Grainger has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 55 years. W.W. Grainger has a payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Analysts expect W.W. Grainger to earn $44.80 per share next year, which means the company should continue to be able to cover its $9.04 annual dividend with an expected future payout ratio of 20.2%.

W.W. Grainger Price Performance

GWW stock opened at $955.71 on Friday. The stock has a market capitalization of $45.44 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 2.79 and a beta of 1.17. The company’s 50-day moving average is $973.73 and its 200-day moving average is $1,014.62. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64. W.W. Grainger has a 1 year low of $893.99 and a 1 year high of $1,227.66.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Friday, October 31st. The industrial products company reported $10.21 EPS for the quarter, beating analysts’ consensus estimates of $9.95 by $0.26. The business had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.64 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $9.87 EPS. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. Equities research analysts expect that W.W. Grainger will post 40.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GWW. Morgan Stanley lowered their target price on W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating on the stock in a research report on Friday, July 11th. Weiss Ratings restated a “buy (b-)” rating on shares of W.W. Grainger in a report on Thursday, October 30th. Royal Bank Of Canada raised their price objective on shares of W.W. Grainger from $1,006.00 to $1,050.00 and gave the company a “sector perform” rating in a research note on Monday, November 3rd. Loop Capital decreased their target price on shares of W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1,061.57.

W.W. Grainger Company Profile

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.