FY2019 EPS Estimates for W W Grainger Inc Lowered by Analyst (GWW)

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W W Grainger Inc (NYSE:GWW) – Research analysts at Gabelli lowered their FY2019 EPS estimates for shares of W W Grainger in a report released on Wednesday, October 17th. Gabelli analyst J. Bergner now forecasts that the industrial products company will post earnings per share of $17.60 for the year, down from their previous estimate of $17.65. Gabelli currently has a “Hold” rating and a $386.00 target price 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.

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

A number of other equities analysts have also recently commented on GWW. Wolfe Research assumed coverage on W W Grainger in a research note on Wednesday, June 27th. They issued a “market perform” rating on the stock. ValuEngine cut W W Grainger from a “buy” rating to a “hold” rating in a research note on Wednesday. Longbow Research reaffirmed a “hold” rating on shares of W W Grainger in a research note on Wednesday. Oppenheimer decreased their price target on W W Grainger from $410.00 to $365.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, BMO Capital Markets lifted their price target 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. Two 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 company’s stock. W W Grainger has a consensus rating of “Hold” and an average price target of $308.43.

Shares of W W Grainger stock opened at $276.28 on Friday. 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 company 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 has a one year low of $191.39 and a one year high of $372.06.

In other news, Director Brian P. Anderson sold 1,000 shares of W W Grainger stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $360.18, for a total value of $360,180.00. Following the sale, the director now directly owns 4,040 shares in the company, valued at approximately $1,455,127.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Donald G. Macpherson sold 21,448 shares of W W Grainger stock in a transaction that occurred on 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 completion of the sale, the chairman now owns 39,118 shares in the company, valued at $13,393,612.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,972 shares of company stock worth $13,741,862. Corporate insiders own 10.10% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. FMR LLC boosted its position in shares of W W Grainger by 94.6% during the second quarter. FMR LLC now owns 1,386,729 shares of the industrial products company’s stock valued at $427,667,000 after purchasing an additional 673,993 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its position in shares of W W Grainger by 32.5% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 759,809 shares of the industrial products company’s stock valued at $271,563,000 after purchasing an additional 186,332 shares in the last quarter. Bank of Montreal Can boosted its position in shares of W W Grainger by 21.0% during the third quarter. Bank of Montreal Can now owns 489,278 shares of the industrial products company’s stock valued at $174,874,000 after purchasing an additional 85,068 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of W W Grainger by 34,096.9% during the second quarter. Cornerstone Wealth Management LLC now owns 445,586 shares of the industrial products company’s stock valued at $1,454,000 after purchasing an additional 444,283 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of W W Grainger by 92.6% during the second quarter. Morgan Stanley now owns 325,769 shares of the industrial products company’s stock valued at $100,468,000 after purchasing an additional 156,607 shares in the last quarter. Hedge funds and other institutional investors own 79.16% 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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Earnings History and Estimates for W W Grainger (NYSE:GWW)

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