W W Grainger Inc (NYSE:GWW) – Oppenheimer lifted their Q1 2018 earnings estimates for shares of W W Grainger in a research note issued on Monday. Oppenheimer analyst C. Glynn now anticipates that the industrial products company will post earnings of $3.43 per share for the quarter, up from their prior forecast of $3.36. Oppenheimer currently has a “Outperform” rating and a $320.00 target price on the stock. Oppenheimer also issued estimates for W W Grainger’s Q2 2018 earnings at $3.46 EPS, Q3 2018 earnings at $3.72 EPS, Q4 2018 earnings at $3.34 EPS, FY2018 earnings at $13.95 EPS and FY2019 earnings at $16.05 EPS.
W W Grainger (NYSE:GWW) last announced its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.76. W W Grainger had a net margin of 5.62% and a return on equity of 35.76%. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the business posted $2.45 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis.
A number of other brokerages have also weighed in on GWW. Goldman Sachs reiterated a “neutral” rating on shares of W W Grainger in a report on Monday. Stifel Nicolaus restated a “hold” rating and issued a $278.00 price target on shares of W W Grainger in a report on Friday, January 26th. BMO Capital Markets boosted their price target on shares of W W Grainger from $235.00 to $242.00 and gave the company a “market perform” rating in a report on Friday, March 16th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 price target for the company in a report on Tuesday, January 30th. Finally, Credit Suisse Group boosted their price target on shares of W W Grainger from $190.00 to $240.00 and gave the company an “underperform” rating in a report on Thursday, January 25th. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $234.92.
Shares of GWW stock opened at $285.71 on Wednesday. W W Grainger has a twelve month low of $155.00 and a twelve month high of $298.14. The firm has a market cap of $16,067.47, a PE ratio of 24.99, a P/E/G ratio of 2.14 and a beta of 0.87. The company has a current ratio of 2.13, a quick ratio of 1.18 and a debt-to-equity ratio of 1.23.
A number of large investors have recently added to or reduced their stakes in GWW. Westside Investment Management Inc. purchased a new stake in W W Grainger during the 3rd quarter worth approximately $107,000. Advisory Services Network LLC grew its position in W W Grainger by 107.9% during the 4th quarter. Advisory Services Network LLC now owns 476 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 247 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new stake in W W Grainger during the 3rd quarter worth approximately $133,000. Tower Research Capital LLC TRC grew its position in W W Grainger by 420.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 781 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 631 shares during the last quarter. Finally, Glenview State Bank Trust DEPT. purchased a new stake in W W Grainger during the 4th quarter worth approximately $202,000. 83.65% of the stock is currently owned by institutional investors.
In other news, VP Laura D. Brown sold 9,158 shares of W W Grainger stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $232.86, for a total value of $2,132,531.88. Following the transaction, the vice president now owns 16,893 shares of the company’s stock, valued at approximately $3,933,703.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lucas E. Watson acquired 195 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was purchased at an average cost of $256.51 per share, for a total transaction of $50,019.45. The disclosure for this purchase can be found here. 9.60% of the stock is owned by insiders.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Monday, February 12th were given a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, February 9th. W W Grainger’s payout ratio is currently 51.10%.
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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