W.W. Grainger, Inc. (NYSE:GWW) Plans Quarterly Dividend of $2.49

W.W. Grainger, Inc. (NYSE:GWW) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Monday, November 9th will be given a dividend of $2.49 per share by the industrial products company on Tuesday, December 1st. This represents a $9.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, November 9th.

W.W. Grainger has increased its dividend by an average of 0.1% per year 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 22.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect W.W. Grainger to earn $50.90 per share next year, which means the company should continue to be able to cover its $9.96 annual dividend with an expected future payout ratio of 19.6%.

W.W. Grainger Price Performance

NYSE:GWW opened at $1,340.21 on Thursday. W.W. Grainger has a 52-week low of $906.52 and a 52-week high of $1,419.91. The company has a market cap of $63.12 billion, a P/E ratio of 34.17, a P/E/G ratio of 2.39 and a beta of 1.01. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.70 and a current ratio of 2.81. The stock’s 50-day simple moving average is $1,298.17 and its 200 day simple moving average is $1,232.27.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $12.01 EPS for the quarter, beating the consensus estimate of $11.30 by $0.71. W.W. Grainger had a return on equity of 48.73% and a net margin of 9.92%. The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.96 billion. During the same period in the prior year, the firm posted $9.97 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. W.W. Grainger has set its FY 2026 guidance at 45.500-47.250 EPS. As a group, sell-side analysts forecast that W.W. Grainger will post 46.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on GWW shares. Morgan Stanley boosted their price target on W.W. Grainger from $1,300.00 to $1,400.00 and gave the stock an “equal weight” rating in a research report on Monday, August 24th. Royal Bank Of Canada cut their price objective on W.W. Grainger from $1,428.00 to $1,427.00 and set a “sector perform” rating for the company in a report on Wednesday, October 14th. Wolfe Research assumed coverage on shares of W.W. Grainger in a research note on Tuesday, September 15th. They issued a “peer perform” rating for the company. Wall Street Zen raised shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Finally, Jefferies Financial Group boosted their target price on shares of W.W. Grainger from $1,150.00 to $1,300.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1,253.85.

About W.W. Grainger

W.W. Grainger, Inc is a distributor of maintenance, repair and operating (MRO) supplies for businesses, government agencies and other organizations. Its product offerings include safety equipment, tools, fasteners, electrical and plumbing supplies, material-handling equipment, cleaning and janitorial products, HVAC supplies, and facility-maintenance products.

The company also provides services designed to help customers manage procurement and workplace operations, including product selection support, inventory-management programs, digital purchasing tools, and technical assistance.