W W Grainger Inc (NYSE:GWW) – Stock analysts at Gabelli dropped their FY2019 earnings per share (EPS) estimates for shares of W W Grainger in a research note issued on Wednesday, October 17th. Gabelli analyst J. Bergner now expects that the industrial products company will post earnings per share of $17.60 for the year, down from their previous forecast of $17.65. Gabelli currently has a “Hold” rating and a $386.00 price objective on the stock. Gabelli also issued estimates for W W Grainger’s FY2020 earnings at $19.00 EPS, FY2021 earnings at $20.30 EPS and FY2022 earnings at $21.65 EPS.
A number of other brokerages also recently commented on GWW. BMO Capital Markets upped their price objective on W W Grainger from $255.00 to $267.00 and gave the stock a “market perform” rating in a research note on Friday, July 6th. Longbow Research restated a “hold” rating on shares of W W Grainger in a research note on Wednesday. Oppenheimer upped their price objective on W W Grainger from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, August 23rd. UBS Group upgraded W W Grainger from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $240.00 to $340.00 in a research note on Wednesday, July 18th. Finally, ValuEngine downgraded W W Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the company. W W Grainger currently has an average rating of “Hold” and a consensus target price of $308.43.
Shares of GWW opened at $276.28 on Friday. The firm has a market cap of $15.43 billion, a P/E ratio of 24.11, a P/E/G ratio of 1.36 and a beta of 0.82. The company has a quick ratio of 1.34, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. W W Grainger has a 12 month low of $191.39 and a 12 month high of $372.06.
W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the business earned $2.79 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis.
Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in shares of W W Grainger by 0.9% in the second quarter. PNC Financial Services Group Inc. now owns 61,332 shares of the industrial products company’s stock valued at $18,915,000 after buying an additional 535 shares during the period. United Services Automobile Association lifted its holdings in shares of W W Grainger by 1.7% during the second quarter. United Services Automobile Association now owns 35,922 shares of the industrial products company’s stock valued at $11,078,000 after purchasing an additional 596 shares during the last quarter. Sun Life Financial INC lifted its holdings in shares of W W Grainger by 60.4% during the second quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 154 shares during the last quarter. Neuburgh Advisers LLC lifted its holdings in shares of W W Grainger by 207.5% during the second quarter. Neuburgh Advisers LLC now owns 7,238 shares of the industrial products company’s stock valued at $2,232,000 after purchasing an additional 4,884 shares during the last quarter. Finally, LMR Partners LLP purchased a new stake in shares of W W Grainger during the second quarter valued at $370,000. Institutional investors and hedge funds own 79.16% of the company’s stock.
In other news, VP Eric R. Tapia sold 1,534 shares of the company’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 completion of the sale, the vice president now owns 2,278 shares in the company, valued at $770,396.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian P. Anderson sold 1,000 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $360.18, for a total value of $360,180.00. Following the completion of the sale, the director now owns 4,040 shares of the company’s stock, valued at approximately $1,455,127.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,972 shares of company stock valued at $13,741,862. Insiders own 10.10% of the company’s stock.
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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