W W Grainger (GWW) Now Covered by Jefferies Financial Group

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Jefferies Financial Group assumed coverage on shares of W W Grainger (NYSE:GWW) in a research report report published on Monday morning, Marketbeat.com reports. The firm issued a hold rating and a $300.00 price objective on the industrial products company’s stock. Jefferies Financial Group also issued estimates for W W Grainger’s Q4 2018 earnings at $3.70 EPS, FY2018 earnings at $16.44 EPS, Q1 2019 earnings at $4.50 EPS, Q2 2019 earnings at $4.70 EPS, Q3 2019 earnings at $4.65 EPS, Q4 2019 earnings at $4.15 EPS, FY2019 earnings at $18.00 EPS, Q1 2020 earnings at $5.05 EPS, Q2 2020 earnings at $5.15 EPS, Q3 2020 earnings at $5.15 EPS, Q4 2020 earnings at $4.65 EPS, FY2020 earnings at $20.00 EPS and FY2021 earnings at $21.10 EPS.

Other research analysts have also issued reports about the company. Oppenheimer upped their target price on W W Grainger from $400.00 to $410.00 and gave the company an outperform rating in a research report on Friday, September 21st. Gordon Haskett began coverage on W W Grainger in a research report on Friday, October 12th. They set a hold rating on the stock. Buckingham Research began coverage on W W Grainger in a research report on Monday, December 10th. They set a neutral rating and a $325.00 target price on the stock. Morgan Stanley began coverage on W W Grainger in a research report on Tuesday, December 18th. They set an underweight rating and a $265.00 target price on the stock. Finally, Zacks Investment Research raised W W Grainger from a hold rating to a buy rating and set a $319.00 target price on the stock in a research report on Tuesday, December 18th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $305.88.

GWW opened at $277.00 on Monday. The firm has a market capitalization of $15.72 billion, a PE ratio of 24.17, a P/E/G ratio of 1.26 and a beta of 1.12. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 1.44. W W Grainger has a 12 month low of $223.25 and a 12 month high of $372.06.

W W Grainger (NYSE:GWW) last released its quarterly earnings results on Tuesday, October 16th. The industrial products company reported $4.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.96 by $0.23. The firm 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 45.22% and a net margin of 6.51%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.79 EPS. Research analysts expect that W W Grainger will post 16.3 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of W W Grainger by 29.0% in the third quarter. FMR LLC now owns 1,789,503 shares of the industrial products company’s stock worth $639,586,000 after buying an additional 402,774 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of W W Grainger by 12.9% in the third quarter. TIAA CREF Investment Management LLC now owns 1,164,524 shares of the industrial products company’s stock worth $416,213,000 after buying an additional 133,501 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its stake in shares of W W Grainger by 32.5% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 759,809 shares of the industrial products company’s stock worth $271,563,000 after buying an additional 186,332 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of W W Grainger by 24.5% in the third quarter. AQR Capital Management LLC now owns 569,141 shares of the industrial products company’s stock worth $203,417,000 after buying an additional 111,929 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of W W Grainger by 59.0% in the third quarter. Morgan Stanley now owns 518,061 shares of the industrial products company’s stock worth $185,161,000 after buying an additional 192,292 shares during the last quarter. Institutional investors and hedge funds own 76.54% 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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Analyst Recommendations for W W Grainger (NYSE:GWW)

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