W W Grainger Inc to Post FY2018 Earnings of $16.15 Per Share, Oppenheimer Forecasts (NYSE:GWW)

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W W Grainger Inc (NYSE:GWW) – Equities research analysts at Oppenheimer lifted their FY2018 earnings per share estimates for shares of W W Grainger in a report issued on Tuesday, October 16th, Zacks Investment Research reports. Oppenheimer analyst C. Glynn now forecasts that the industrial products company will post earnings of $16.15 per share for the year, up from their previous estimate of $15.95. Oppenheimer currently has a “Outperform” rating and a $365.00 price target on the stock. Oppenheimer also issued estimates for W W Grainger’s Q4 2018 earnings at $3.42 EPS, Q1 2019 earnings at $4.57 EPS, Q2 2019 earnings at $4.76 EPS, Q3 2019 earnings at $4.66 EPS and Q4 2019 earnings at $4.30 EPS.

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

GWW has been the topic of several other research reports. Cfra set a $350.00 price target on W W Grainger and gave the stock a “hold” rating in a research note on Wednesday, July 18th. Royal Bank of Canada upped their price target on W W Grainger to $243.00 and gave the stock an “underperform” rating in a research note on Thursday, July 19th. They noted that the move was a valuation call. BMO Capital Markets upped their price target on W W Grainger from $267.00 to $330.00 and gave the stock a “market perform” rating in a research note on Thursday, July 19th. They noted that the move was a valuation call. Gabelli downgraded W W Grainger from a “buy” rating to a “hold” rating and set a $386.00 price target on the stock. in a research note on Monday, July 16th. Finally, Gordon Haskett began coverage on W W Grainger in a research note on Friday, October 12th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company’s stock. W W Grainger currently has an average rating of “Hold” and an average price target of $308.43.

Shares of W W Grainger stock traded up $0.73 during midday trading on Thursday, hitting $293.75. The company had a trading volume of 470,989 shares, compared to its average volume of 1,121,798. The company has a quick ratio of 1.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $16.67 billion, a P/E ratio of 25.63, a PEG ratio of 1.47 and a beta of 1.06. W W Grainger has a 52-week low of $191.39 and a 52-week high of $372.06.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Monday, November 12th will be given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, November 8th. W W Grainger’s payout ratio is presently 47.47%.

In other news, Director Brian P. Anderson sold 1,000 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $360.18, for a total transaction of $360,180.00. Following the transaction, the director now directly owns 4,040 shares of the company’s stock, valued at $1,455,127.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP John L. Howard sold 14,990 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $368.20, for a total value of $5,519,318.00. Following the transaction, the vice president now directly owns 58,207 shares in the company, valued at $21,431,817.40. The disclosure for this sale can be found here. Corporate insiders own 10.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in shares of W W Grainger by 0.9% during the second quarter. PNC Financial Services Group Inc. now owns 61,332 shares of the industrial products company’s stock valued at $18,915,000 after buying an additional 535 shares during the last quarter. United Services Automobile Association grew its holdings in shares of W W Grainger by 1.7% during the second quarter. United Services Automobile Association now owns 35,922 shares of the industrial products company’s stock valued at $11,078,000 after buying an additional 596 shares during the last quarter. Ronna Sue Cohen purchased a new stake in shares of W W Grainger during the third quarter valued at $3,651,000. Sun Life Financial INC grew its holdings in shares of W W Grainger by 60.4% during the second quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock valued at $126,000 after buying an additional 154 shares during the last quarter. Finally, Neuburgh Advisers LLC boosted its holdings in W W Grainger by 207.5% in the second quarter. Neuburgh Advisers LLC now owns 7,238 shares of the industrial products company’s stock valued at $2,232,000 after purchasing an additional 4,884 shares during the last quarter. 75.28% of the stock is currently owned by hedge funds and other institutional investors.

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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