W.W. Grainger, Inc. (NYSE:GWW) – Northcoast Research boosted their FY2017 earnings per share estimates for W.W. Grainger in a report released on Monday. Northcoast Research analyst R. Cieslak now forecasts that the industrial products company will post earnings per share of $10.72 for the year, up from their previous estimate of $10.67. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for W.W. Grainger’s Q4 2017 earnings at $2.20 EPS, Q1 2018 earnings at $2.84 EPS, Q2 2018 earnings at $2.91 EPS, Q3 2018 earnings at $2.97 EPS and Q4 2018 earnings at $2.38 EPS.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, October 17th. The industrial products company reported $2.90 EPS for the quarter, topping the Zacks’ consensus estimate of $2.56 by $0.34. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.65 billion. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. W.W. Grainger’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $3.06 earnings per share. TRADEMARK VIOLATION WARNING: This news story was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://sportsperspectives.com/2017/11/15/brokers-offer-predictions-for-w-w-grainger-inc-s-fy2017-earnings-gww.html.
Other analysts have also issued reports about the company. Morgan Stanley lowered their target price on W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating on the stock in a research note on Thursday, July 20th. Royal Bank Of Canada restated a “sell” rating and issued a $145.00 target price on shares of W.W. Grainger in a research note on Wednesday, September 6th. Credit Suisse Group AG upgraded W.W. Grainger to a “hold” rating and set a $175.00 target price on the stock in a research note on Wednesday, July 19th. UBS AG lowered W.W. Grainger from a “neutral” rating to a “sell” rating and boosted their target price for the company from $170.00 to $195.00 in a research note on Thursday, October 19th. Finally, KeyCorp restated a “hold” rating on shares of W.W. Grainger in a research note on Monday. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. W.W. Grainger presently has an average rating of “Hold” and an average price target of $191.23.
Shares of W.W. Grainger (GWW) opened at $195.58 on Tuesday. The company has a market capitalization of $11,594.94, a price-to-earnings ratio of 18.55, a P/E/G ratio of 1.97 and a beta of 0.78. W.W. Grainger has a fifty-two week low of $155.00 and a fifty-two week high of $262.71. The company has a current ratio of 2.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.19.
A number of institutional investors have recently bought and sold shares of the stock. Tobam purchased a new position in shares of W.W. Grainger in the 2nd quarter worth about $7,228,000. Neuberger Berman Group LLC boosted its holdings in shares of W.W. Grainger by 16.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 852,421 shares of the industrial products company’s stock worth $153,888,000 after purchasing an additional 119,186 shares in the last quarter. Ronna Sue Cohen purchased a new position in shares of W.W. Grainger in the 3rd quarter worth about $3,651,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of W.W. Grainger by 2.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 168,049 shares of the industrial products company’s stock worth $30,338,000 after purchasing an additional 4,210 shares in the last quarter. Finally, State Farm Mutual Automobile Insurance Co. boosted its holdings in shares of W.W. Grainger by 102.3% in the 2nd quarter. State Farm Mutual Automobile Insurance Co. now owns 41,570 shares of the industrial products company’s stock worth $7,505,000 after purchasing an additional 21,017 shares in the last quarter. Institutional investors and hedge funds own 85.98% of the company’s stock.
In related news, VP Paige K. Robbins sold 346 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $202.31, for a total transaction of $69,999.26. Following the completion of the transaction, the vice president now directly owns 8,400 shares in the company, valued at $1,699,404. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Eric R. Tapia sold 190 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $208.26, for a total value of $39,569.40. Following the transaction, the vice president now owns 3,748 shares of the company’s stock, valued at $780,558.48. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be given a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, November 10th. W.W. Grainger’s dividend payout ratio (DPR) is presently 60.95%.
About W.W. Grainger
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.
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