W W Grainger Inc Expected to Earn FY2018 Earnings of $16.47 Per Share (GWW)

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W W Grainger Inc (NYSE:GWW) – Equities researchers at KeyCorp upped their FY2018 EPS estimates for 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 estimate 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.

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, topping 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 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 company’s revenue was up 7.4% on a year-over-year basis.

A number of other research firms also recently commented on GWW. BMO Capital Markets lifted their target price on W W Grainger from $255.00 to $267.00 and gave the stock a “market perform” rating in a report on Friday, July 6th. Longbow Research reaffirmed a “hold” rating on shares of W W Grainger in a report on Wednesday. Oppenheimer lifted their target price on W W Grainger from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, August 23rd. UBS Group raised W W Grainger from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $240.00 to $340.00 in a report on Wednesday, July 18th. Finally, ValuEngine downgraded W W Grainger from a “buy” rating to a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the stock. W W Grainger currently has a consensus rating of “Hold” and a consensus price target of $308.43.

W W Grainger stock opened at $276.28 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 1.34. W W Grainger has a 52 week low of $191.39 and a 52 week high of $372.06. The stock has a market cap of $15.68 billion, a P/E ratio of 24.11, a PEG ratio of 1.38 and a beta of 0.82.

Large investors have recently made changes to their positions in the business. Sun Life Financial INC lifted its holdings in W W Grainger by 60.4% in the second quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 154 shares during the period. Mitchell Mcleod Pugh & Williams Inc. acquired a new position in W W Grainger in the third quarter valued at approximately $204,000. Piedmont Investment Advisors LLC acquired a new position in W W Grainger in the second quarter valued at approximately $178,000. Global Financial Private Capital LLC acquired a new position in W W Grainger in the second quarter valued at approximately $203,000. Finally, NewSquare Capital LLC raised its stake in shares of W W Grainger by 1,562.5% during the 3rd quarter. NewSquare Capital LLC now owns 665 shares of the industrial products company’s stock worth $238,000 after buying an additional 625 shares during the period. 79.16% of the stock is owned by institutional investors.

In other W W Grainger news, 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 of the company’s stock, valued at $21,431,817.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eric R. Tapia sold 1,534 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $338.19, for a total value of $518,783.46. Following the completion of the transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at $770,396.82. The disclosure for this sale can be found here. Insiders sold 38,972 shares of company stock valued at $13,741,862 over the last three months. 10.10% of the stock is currently owned by corporate insiders.

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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