W W Grainger Inc (NYSE:GWW) – Analysts at Northcoast Research boosted their FY2018 earnings per share (EPS) estimates for W W Grainger in a report issued on Wednesday, October 17th. Northcoast Research analyst R. Cieslak now anticipates that the industrial products company will post earnings of $16.23 per share for the year, up from their previous forecast of $16.10.

Several other brokerages also recently weighed in on GWW. Cfra set a $350.00 price target on W W Grainger and gave the stock a “hold” rating in a report on Wednesday, July 18th. Robert W. Baird downgraded W W Grainger from an “outperform” rating to a “neutral” rating and set a $240.00 price target for the company. in a report on Tuesday, July 3rd. BMO Capital Markets raised their price target on W W Grainger from $267.00 to $330.00 and gave the stock a “market perform” rating in a report on Thursday, July 19th. They noted that the move was a valuation call. Gabelli downgraded W W Grainger from a “buy” rating to a “hold” rating and set a $386.00 price target for the company. in a report on Monday, July 16th. Finally, Royal Bank of Canada raised their price target on W W Grainger to $243.00 and gave the stock an “underperform” rating in a report on Thursday, July 19th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the stock. W W Grainger has a consensus rating of “Hold” and an average price target of $308.43.

GWW opened at $276.28 on Thursday. W W Grainger has a 1 year low of $191.39 and a 1 year high of $372.06. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.34 and a current ratio of 2.44. The stock has a market capitalization of $15.68 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 1.38 and a beta of 0.82.

W W Grainger (NYSE:GWW) last posted its earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.23. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the firm earned $2.79 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year.

In related news, Director Brian P. Anderson sold 1,000 shares of W W Grainger stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $360.18, for a total transaction of $360,180.00. Following the completion of the sale, the director now owns 4,040 shares of the company’s stock, valued at $1,455,127.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Donald G. Macpherson sold 21,448 shares of W W Grainger stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $342.39, for a total value of $7,343,580.72. Following the sale, the chairman now directly owns 39,118 shares of the company’s stock, valued at approximately $13,393,612.02. The disclosure for this sale can be found here. In the last three months, insiders sold 38,972 shares of company stock valued at $13,741,862. Corporate insiders own 10.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. A.R.T. Advisors LLC acquired a new position in W W Grainger in the first quarter valued at approximately $1,862,000. LPL Financial LLC lifted its holdings in W W Grainger by 1.1% in the first quarter. LPL Financial LLC now owns 16,240 shares of the industrial products company’s stock valued at $4,584,000 after acquiring an additional 171 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in W W Grainger by 4.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 63,114 shares of the industrial products company’s stock valued at $17,816,000 after acquiring an additional 2,790 shares during the period. CIBC World Markets Inc. acquired a new position in W W Grainger in the first quarter valued at approximately $27,689,000. Finally, WINTON GROUP Ltd lifted its holdings in W W Grainger by 100.8% in the first quarter. WINTON GROUP Ltd now owns 37,339 shares of the industrial products company’s stock valued at $10,540,000 after acquiring an additional 18,744 shares during the period. 79.16% of the stock is owned by hedge funds and other institutional investors.

About W W Grainger

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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Earnings History and Estimates for W W Grainger (NYSE:GWW)

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