W.W. Grainger, Inc. (NYSE:GWW) announced today that its board of directors approved a quarterly cash dividend of $2.05 per share, an increase of 10% from the most recent company dividend. The dividend is payable on June
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W.W. Grainger's Q4 FY23 results beat expectations, reporting sales of $3.997 billion, a 5.1% YoY increase. Despite a slight miss on consensus, the company's adjusted EPS of $8.33 exceeded expectations. Grainger's upbeat performance, with an 11.5% YoY rise in adjusted operating profit, sets the stage for robust FY24 growth, projecting net sales between $17.2 billion and $17.7 billion, boosting GWW shares by 4.08% to $960.26.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.