Nancy L. Berardinelli-Krantz, Senior Vice President and Chief Legal Officer of W.W. Grainger, Inc. (NYSE:GWW), recently sold 253 shares of the company’s common stock. The transactions, which took place on November 6, 2024, were executed at prices ranging from $1,191.935 to $1,193.17 per share. The total value of these sales amounted to approximately $301,706.
Following these transactions, Berardinelli-Krantz holds 3,045 shares of W.W. Grainger stock. The sales were conducted directly by Berardinelli-Krantz, as indicated in the recent SEC filing.
In other recent news, W.W. Grainger has reported steady growth in its Q3 2024 results. The company saw a 4.3% increase in total sales and a 4.7% rise in diluted EPS to $9.87. A robust operating margin of 15.6% was noted, along with an operating cash flow of $611 million. Grainger also returned $328 million to shareholders through dividends and share repurchases.
The High-Touch Solutions segment recorded a 3.3% sales increase, while the Endless Assortment segment, including Zoro and MonotaRO, reported an 8.1% sales increase. The company has refined its full-year 2024 earnings guidance, projecting daily organic constant currency sales growth of 4.5% to 5.25% and diluted adjusted EPS between $38.65 and $39.35.
These are recent developments, indicating that despite a challenging demand environment, W.W. Grainger continues to demonstrate resilience with solid sales growth and a strong commitment to shareholder returns.
InvestingPro Insights
While Nancy L. Berardinelli-Krantz’s recent stock sale might raise eyebrows, it’s important to view this transaction within the broader context of W.W. Grainger’s performance and market position. According to InvestingPro data, Grainger boasts a substantial market capitalization of $58.6 billion, underscoring its significant presence in the Trading Companies & Distributors industry.
The company’s financial health appears robust, with a revenue of $16.93 billion in the last twelve months as of Q3 2024, representing a 3.99% growth. This solid top-line performance is complemented by a healthy gross profit margin of 39.25% and an operating income margin of 15.39% for the same period.
Investors should note that Grainger’s stock has shown remarkable strength, with a 55.4% total return over the past year and a 46.25% return year-to-date. The stock is currently trading near its 52-week high, with its price at 99.35% of the peak.
Two particularly relevant InvestingPro Tips highlight Grainger’s attractive qualities for long-term investors. Firstly, the company has raised its dividend for 32 consecutive years, demonstrating a strong commitment to shareholder returns. Secondly, Grainger has maintained dividend payments for 54 consecutive years, showcasing exceptional financial stability and management’s confidence in the company’s future prospects.
These insights are just a glimpse of the comprehensive analysis available on InvestingPro. With 23 additional tips for Grainger, subscribers can gain a deeper understanding of the company’s investment potential.
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