Analysts predict that W W Grainger Inc (NYSE:GWW) will post $2.85 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for W W Grainger’s earnings, with estimates ranging from $2.83 billion to $2.89 billion. W W Grainger posted sales of $2.64 billion in the same quarter last year, which suggests a positive year over year growth rate of 8%. The firm is expected to report its next quarterly earnings report on Tuesday, October 16th.

On average, analysts expect that W W Grainger will report full year sales of $11.25 billion for the current financial year, with estimates ranging from $11.17 billion to $11.33 billion. For the next financial year, analysts anticipate that the business will report sales of $11.96 billion per share, with estimates ranging from $11.82 billion to $12.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover W W Grainger.

W W Grainger (NYSE:GWW) last released its quarterly earnings results on Wednesday, July 18th. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.78 by $0.59. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.82 billion. W W Grainger had a return on equity of 42.66% and a net margin of 7.16%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 EPS.

A number of research analysts recently issued reports on GWW shares. Oppenheimer boosted their price objective on W W Grainger from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, August 23rd. Macquarie boosted their price objective on W W Grainger from $314.00 to $358.00 and gave the company a “neutral” rating in a research note on Wednesday, August 22nd. Wells Fargo & Co reiterated a “hold” rating on shares of W W Grainger in a research note on Wednesday, July 18th. Royal Bank of Canada boosted their price objective on W W Grainger to $243.00 and gave the company an “underperform” rating in a research note on Thursday, July 19th. They noted that the move was a valuation call. Finally, BMO Capital Markets boosted their price objective on W W Grainger from $267.00 to $330.00 and gave the company a “market perform” rating in a research note on Thursday, July 19th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $302.53.

Shares of NYSE:GWW traded up $1.57 during mid-day trading on Thursday, reaching $355.61. 497,956 shares of the company traded hands, compared to its average volume of 488,268. The company has a market cap of $19.87 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 1.77 and a beta of 0.83. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 1.08. W W Grainger has a 52 week low of $166.46 and a 52 week high of $372.06.

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Investors of record on Monday, August 13th were issued a $1.36 dividend. The ex-dividend date of this dividend was Friday, August 10th. This represents a $5.44 dividend on an annualized basis and a yield of 1.53%. W W Grainger’s dividend payout ratio is presently 47.47%.

In related news, Director Brian P. Anderson sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $360.18, for a total value of $360,180.00. Following the transaction, the director now directly owns 4,040 shares of the company’s stock, valued at approximately $1,455,127.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP John L. Howard sold 14,990 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $368.20, for a total value of $5,519,318.00. Following the completion of the transaction, the vice president now directly owns 58,207 shares in the company, valued at $21,431,817.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,972 shares of company stock worth $13,741,862. 10.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in W W Grainger by 1.4% in the 1st quarter. BlackRock Inc. now owns 3,563,639 shares of the industrial products company’s stock worth $1,005,907,000 after purchasing an additional 47,517 shares in the last quarter. FMR LLC lifted its holdings in W W Grainger by 94.6% in the 2nd quarter. FMR LLC now owns 1,386,729 shares of the industrial products company’s stock worth $427,667,000 after purchasing an additional 673,993 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in W W Grainger by 34,096.9% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 445,586 shares of the industrial products company’s stock worth $1,454,000 after purchasing an additional 444,283 shares in the last quarter. Bank of Montreal Can lifted its holdings in W W Grainger by 493.8% in the 2nd quarter. Bank of Montreal Can now owns 404,210 shares of the industrial products company’s stock worth $124,656,000 after purchasing an additional 336,133 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in W W Grainger by 92.6% in the 2nd quarter. Morgan Stanley now owns 325,769 shares of the industrial products company’s stock worth $100,468,000 after purchasing an additional 156,607 shares in the last quarter. 79.14% of the stock is currently owned by institutional investors.

W W Grainger Company Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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