W.W. Grainger Inc. (NYSE:GWW) – Analysts at KeyCorp raised their Q3 2016 earnings estimates for W.W. Grainger in a note issued to investors on Tuesday. KeyCorp analyst R. Cieslak now forecasts that the brokerage will earn $3.01 per share for the quarter, up from their prior forecast of $2.96. KeyCorp also issued estimates for W.W. Grainger’s FY2016 earnings at $11.50 EPS.
W.W. Grainger (NYSE:GWW) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $2.89 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by $0.28. The business earned $2.60 million during the quarter, compared to the consensus estimate of $2.58 billion. W.W. Grainger had a return on equity of 31.26% and a net margin of 6.91%. During the same quarter in the previous year, the firm posted $3.27 earnings per share.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded W.W. Grainger from a “sell” rating to a “hold” rating in a report on Tuesday, September 20th. RBC Capital Markets reiterated an “underperform” rating and set a $211.00 target price on shares of W.W. Grainger in a report on Monday, September 19th. Wells Fargo & Co. reiterated a “hold” rating on shares of W.W. Grainger in a report on Sunday, September 4th. Macquarie assumed coverage on W.W. Grainger in a report on Thursday, August 25th. They set an “outperform” rating and a $274.00 target price for the company. Finally, BMO Capital Markets lowered their target price on W.W. Grainger from $300.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, July 20th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. W.W. Grainger presently has an average rating of “Hold” and a consensus target price of $228.75.
W.W. Grainger (NYSE:GWW) opened at 224.41 on Friday. The stock has a 50 day moving average price of $225.45 and a 200-day moving average price of $226.47. The company has a market capitalization of $13.56 billion, a price-to-earnings ratio of 20.41 and a beta of 0.81. W.W. Grainger has a 1-year low of $176.85 and a 1-year high of $239.95.
Large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its stake in W.W. Grainger by 31.8% in the second quarter. Van ECK Associates Corp now owns 601 shares of the company’s stock worth $137,000 after buying an additional 145 shares during the last quarter. CENTRAL TRUST Co increased its stake in W.W. Grainger by 5.1% in the second quarter. CENTRAL TRUST Co now owns 832 shares of the company’s stock worth $189,000 after buying an additional 40 shares during the last quarter. Evercore Wealth Management LLC increased its stake in W.W. Grainger by 4.4% in the second quarter. Evercore Wealth Management LLC now owns 861 shares of the company’s stock worth $195,000 after buying an additional 36 shares during the last quarter. Ingalls & Snyder LLC acquired a new stake in W.W. Grainger during the second quarter worth $200,000. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in W.W. Grainger during the second quarter worth $205,000. Institutional investors own 82.63% of the company’s stock.
In other news, VP Joseph C. High sold 1,722 shares of W.W. Grainger stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $220.00, for a total value of $378,840.00. Following the completion of the sale, the vice president now directly owns 7,531 shares in the company, valued at $1,656,820. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 9.60% of the company’s stock.
W.W. Grainger Company Profile
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
Receive News & Ratings for W.W. Grainger Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.W. Grainger Inc. and related companies with MarketBeat.com's FREE daily email newsletter.