W W Grainger Inc (NYSE:GWW) – Stock analysts at William Blair raised their Q1 2018 earnings per share (EPS) estimates for W W Grainger in a research note issued on Wednesday. William Blair analyst R. Merkel now expects that the industrial products company will earn $3.17 per share for the quarter, up from their prior forecast of $2.54. William Blair also issued estimates for W W Grainger’s Q2 2018 earnings at $3.51 EPS, Q3 2018 earnings at $3.66 EPS, Q4 2018 earnings at $3.56 EPS, FY2018 earnings at $13.90 EPS and FY2019 earnings at $16.60 EPS.
A number of other equities research analysts have also commented on GWW. Stephens reaffirmed a “hold” rating and set a $264.00 price target on shares of W W Grainger in a research report on Thursday. Stifel Nicolaus reaffirmed a “hold” rating and set a $278.00 price target on shares of W W Grainger in a research report on Friday. BMO Capital Markets raised their price target on W W Grainger from $224.00 to $235.00 and gave the stock a “market perform” rating in a research report on Thursday. Oppenheimer raised their price target on W W Grainger from $245.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, UBS Group started coverage on W W Grainger in a research report on Tuesday, January 23rd. They set a “sell” rating and a $215.00 price target on the stock. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $227.33.
W W Grainger (NYSE:GWW) last released its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.94 EPS for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.76. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.57 billion. W W Grainger had a return on equity of 35.76% and a net margin of 5.62%. W W Grainger’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.45 earnings per share.
In other W W Grainger news, VP Laura D. Brown sold 9,158 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $232.86, for a total value of $2,132,531.88. Following the completion of the transaction, the vice president now directly owns 16,893 shares in the company, valued at $3,933,703.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John L. Howard sold 21,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $220.56, for a total value of $4,631,760.00. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of GWW. Longview Partners Guernsey LTD grew its stake in W W Grainger by 33.2% in the third quarter. Longview Partners Guernsey LTD now owns 5,001,477 shares of the industrial products company’s stock valued at $899,015,000 after purchasing an additional 1,245,771 shares in the last quarter. Ameriprise Financial Inc. grew its stake in W W Grainger by 224.7% in the third quarter. Ameriprise Financial Inc. now owns 1,225,728 shares of the industrial products company’s stock valued at $220,325,000 after purchasing an additional 848,192 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in W W Grainger by 1,082.1% in the second quarter. The Manufacturers Life Insurance Company now owns 904,298 shares of the industrial products company’s stock valued at $163,253,000 after purchasing an additional 827,796 shares in the last quarter. Koch Industries Inc. grew its stake in W W Grainger by 27,293.0% in the second quarter. Koch Industries Inc. now owns 471,433 shares of the industrial products company’s stock valued at $469,000 after purchasing an additional 469,712 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in W W Grainger by 81.0% in the third quarter. Bank of New York Mellon Corp now owns 730,951 shares of the industrial products company’s stock valued at $131,388,000 after purchasing an additional 327,085 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.
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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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