W.W. Grainger (GWW)

W.W. Grainger, Inc., with 2020 sales of $11.8 billion, is North America's leading broad line supplier of maintenance, repair and operating (MRO) products, with operations primarily in North America, Japan and Europe.

Company profile

Ticker

GWW

Exchange

NYSE

Website

www.grainger.com

CEO

Donald Macpherson

Incorporated

Illinois

Location

Illinois

Fiscal year end

Dec 31

Sector

Wholesale Trade > Industrial Machinery and Equipment Merchant Wholesalers

Industry (SIC)

Wholesale - Durable Goods

HD Supply • HD Supply • Addvantage Technologies • School Specialty • Humbl ...

Former names

GRAINGER W W INC

SEC CIK

0000277135

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Acklands - Grainger Inc. • Apex Industrial Limited • Bogle and Timms Limited • C.J. Bent & Son Limited • Cromwell Czech Republic s.r.o. • Cromwell Group (Holdings) Limited • Cromwell Group (International) Limited • Cromwell Industrial Supplies Private Limited • Cromwell Logistics Limited • Cromwell SAS ...

IRS number

361150280

GWW stock data

1M 1Y 5Y

News

From Benzinga Pro

Here's How Much $1000 Invested In W.W. Grainger 15 Years Ago Would Be Worth Today

2 Jun 22

W.W. Grainger (NYSE:GWW) has outperformed the market over the past 15 years by 5.53% on an annualized basis producing an average annual return of 12.42%. Currently, W.W. Grainger has a market capitalization of $25.43 billion.

Where W.W. Grainger Stands With Analysts

31 May 22

Analysts have provided the following ratings for W.W. Grainger (NYSE:GWW) within the last quarter:

Morgan Stanley Maintains Underweight on W.W. Grainger, Lowers Price Target to $449

31 May 22

Morgan Stanley analyst Joshua Pokrzywinski maintains W.W. Grainger (NYSE:GWW) with a Underweight and lowers the price target from $474 to $449.

Morgan Stanley Maintains Underweight on W.W. Grainger, Lowers Price Target to $474

29 Apr 22

RBC Capital Maintains Underperform on W.W. Grainger, Raises Price Target to $450

29 Apr 22

Press releases

From Benzinga Pro

Grainger Releases Its 2022 Environmental, Social and Governance (ESG) Report

20 Jun 22

Report Highlights Company's Continued Commitment to Integrate ESG Objectives into Business Operations CHICAGO, June 20, 2022 /PRNewswire/ -- Grainger (NYSE:GWW), the leading broad line distributor serving businesses

GRAINGER'S SHAREHOLDERS ELECT 12 DIRECTORS AND OTHER ANNUAL MEETING HIGHLIGHTS

27 Apr 22

CHICAGO, April 27, 2022 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE:GWW) held its annual shareholder meeting today. Due to the continuing public health impacts of the COVID-19 pandemic, the meeting was held virtually.

GRAINGER INCREASES QUARTERLY DIVIDEND BY 6%

27 Apr 22

CHICAGO, April 27, 2022 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE:GWW) announced today that its board of directors approved a quarterly cash dividend of $1.72 per share, an increase of 6 percent from the dividend paid in

Grainger Named to Fortune 100 Best Companies to Work For® in 2022

11 Apr 22

Analyst ratings and price targets

Last 3 months

Average target

$458.00

Low target

$449.00

High target

$475.00

Calendar

28 Apr 22

26 Jun 22

31 Dec 22

Financial summary

Financial statements Chart GWW financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	364M	364M	364M	364M	364M	364M
Cash burn (monthly)	(no burn)	16.5M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	47.42M	n/a	n/a	n/a	n/a
Cash remaining	n/a	316.58M	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	19.2	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

GWW insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Jun 22	Rodney C Adkins	Deferred Stock Units Common Stock	Grant	Acquire A	No	No	487.07	19	9.25K	5,190
1 Jun 22	V Ann Hailey	Deferred Stock Units Common Stock	Grant	Acquire A	No	No	487.07	51	24.84K	14,609
1 Jun 22	Jaspon Katherine D.	Deferred Stock Units Common Stock	Grant	Acquire A	No	No	487.07	2	974.14	696
1 Jun 22	Stuart L Levenick	Deferred Stock Units Common Stock	Grant	Acquire A	No	No	487.07	75	36.53K	21,403
1 Jun 22	Neil S Novich	Deferred Stock Units Common Stock	Grant	Acquire A	No	No	487.07	110	53.58K	31,190

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

GWW institutional ownership history Ownership history

74.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	842	827	+1.8%
Opened positions	94	138	-31.9%
Closed positions	79	66	+19.7%
Increased positions	290	261	+11.1%
Reduced positions	295	270	+9.3%

13F shares	Current	Prev Q	Change
Total value	18.17B	18.54B	-2.0%
Total shares	37.83M	35.91M	+5.3%
Total puts	287.9K	187.1K	+53.9%
Total calls	185.7K	101.4K	+83.1%
Total put/call ratio	1.6	1.8	-16.0%

Largest owners	Shares	Value	Change
Vanguard	5.18M	$2.67B	+0.1%
BLK Blackrock	3.92M	$2.02B	+3.7%
CFS Investment Advisory Services	2.47M	$5K	+51147.1%
STT State Street	2.19M	$1.13B	-5.4%
Clearbridge Advisors	1.85M	$956.46M	-2.3%
Longview Partners	1.53M	$787.12M	-7.2%
NTRS Northern Trust	859.41K	$443.28M	-1.5%
BAC Bank Of America	841.24K	$433.9M	-6.2%
Geode Capital Management	835.73K	$430.03M	-2.8%
BEN Franklin Resources	684.81K	$353.22M	-0.8%

Largest transactions	Shares	Bought/sold	Change
CFS Investment Advisory Services	2.47M	+2.46M	+51147.1%
Norges Bank	0	-414.75K	EXIT
American Century Companies	18.97K	-196.86K	-91.2%
Lazard Asset Management	165.04K	+155.14K	+1568.4%
BLK Blackrock	3.92M	+140.89K	+3.7%
Acadian Asset Management	143.31K	+130.49K	+1017.9%
Aaron Wealth Advisors	126.37K	+126.37K	NEW
STT State Street	2.19M	-124.99K	-5.4%
HBCYF HSBC	207.38K	+120.99K	+140.1%
Longview Partners	1.53M	-118.8K	-7.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

Disruptions in Grainger’s supply chain could result in an adverse impact on results of operations.

Management Discussion

Noted in the table above for the twelve months ended December 31, 2020, the Company recorded a $177 million Fabory impairment charge and $109 million loss on the divestiture of the Fabory business in SG&A in the first and second quarters, respectively.
Excluding restructuring, net, impairment charges and business divestitures for the twelve months ended December 31, 2020, adjusted SG&A and operating earnings for the full year 2021 were $3,173 and $1,547, an increase of $262 million and $220 million, or 9% and 17%, respectively, compared to the same period in 2020.
Excluding the tax benefit related to Fabory, as well as the restructuring, net, impairment charges and business divestitures for the twelve months ended December 31, 2020, Grainger's adjusted effective tax rates were 25.0% and 25.3% for the twelve months ended December 31, 2021 and 2020, respectively. The Company's adjusted net earnings attributable to W.W. Grainger Inc. for the full year 2021 was $1,043 million, an increase of $166 million, or 19%, compared to the same period in 2020. Adjusted diluted earnings per share of $19.84 increased 23% compared to $16.18 for the twelve months ended December 31, 2020.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	7th grade Avg

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From filing 10-Q 2022 Q1

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