W W Grainger Inc (NYSE:GWW) – Equities researchers at KeyCorp raised their FY2018 EPS estimates for shares of W W Grainger in a research note issued to investors on Tuesday, October 16th. KeyCorp analyst S. Barger now forecasts that the industrial products company will earn $16.47 per share for the year, up from their prior forecast of $16.31. KeyCorp also issued estimates for W W Grainger’s Q4 2018 earnings at $3.73 EPS and Q2 2019 earnings at $4.84 EPS.
GWW has been the subject of a number of other reports. Cfra set a $350.00 price target on W W Grainger and gave the stock a “hold” rating in a research note on Wednesday, July 18th. Robert W. Baird lowered W W Grainger from an “outperform” rating to a “neutral” rating and set a $240.00 price target for the company. in a research note 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 research note on Thursday, July 19th. They noted that the move was a valuation call. Gabelli lowered W W Grainger from a “buy” rating to a “hold” rating and set a $386.00 price target for the company. in a research note 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 research note on Thursday, July 19th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $308.43.
NYSE:GWW opened at $274.93 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 1.08, a current ratio of 2.37 and a quick ratio of 1.34. The company has a market capitalization of $20.06 billion, a PE ratio of 24.21, a P/E/G ratio of 1.79 and a beta of 0.82.
W W Grainger (NYSE:GWW) last posted its quarterly earnings data 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. The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.84 billion. W W Grainger had a return on equity of 42.66% and a net margin of 7.16%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the company earned $2.79 EPS.
In other W W Grainger news, Chairman Donald G. Macpherson sold 21,448 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $342.39, for a total transaction of $7,343,580.72. Following the transaction, the chairman now directly owns 39,118 shares in the company, valued at approximately $13,393,612.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eric R. Tapia sold 1,534 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $338.19, for a total value of $518,783.46. Following the transaction, the vice president now owns 2,278 shares in the company, valued at $770,396.82. The disclosure for this sale can be found here. Insiders have sold a total of 38,972 shares of company stock worth $13,741,862 over the last 90 days. 10.10% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GWW. Sun Life Financial INC increased its holdings in W W Grainger by 60.4% during the 2nd quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 154 shares during the period. Piedmont Investment Advisors LLC purchased a new position in W W Grainger during the 2nd quarter worth $178,000. Global Financial Private Capital LLC purchased a new position in W W Grainger during the 2nd quarter worth $203,000. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in W W Grainger during the 3rd quarter worth $204,000. Finally, Balasa Dinverno & Foltz LLC purchased a new position in W W Grainger during the 2nd quarter worth $211,000. Institutional investors own 79.15% of the company’s stock.
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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