W.W. Grainger, Inc. (NYSE:GWW) – Equities researchers at William Blair reduced their Q3 2017 earnings estimates for shares of W.W. Grainger in a research report issued on Wednesday. William Blair analyst R. Merkel now forecasts that the industrial products company will post earnings of $2.60 per share for the quarter, down from their previous estimate of $2.66. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for W.W. Grainger’s Q4 2017 earnings at $2.18 EPS, FY2018 earnings at $10.45 EPS and FY2019 earnings at $11.95 EPS.
W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.09. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.63 billion. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.89 earnings per share.
GWW has been the topic of several other reports. BMO Capital Markets restated a “hold” rating and issued a $198.00 price objective on shares of W.W. Grainger in a report on Thursday, May 25th. BidaskClub upgraded shares of W.W. Grainger from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Morgan Stanley cut their price objective on shares of W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating on the stock in a report on Thursday. Stephens set a $190.00 target price on shares of W.W. Grainger and gave the stock a “hold” rating in a report on Wednesday, April 19th. Finally, Deutsche Bank AG lowered shares of W.W. Grainger from a “hold” rating to a “sell” rating and cut their target price for the stock from $246.00 to $145.00 in a report on Thursday, May 18th. Five analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $180.33.
W.W. Grainger (NYSE GWW) opened at 164.94 on Friday. W.W. Grainger has a 52-week low of $160.29 and a 52-week high of $262.71. The stock has a market capitalization of $9.63 billion, a PE ratio of 16.84 and a beta of 0.76. The firm’s 50-day moving average is $175.27 and its 200 day moving average is $213.21.
Several large investors have recently modified their holdings of GWW. Vanguard Group Inc. increased its stake in shares of W.W. Grainger by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,438,209 shares of the industrial products company’s stock valued at $1,265,798,000 after buying an additional 192,967 shares in the last quarter. BlackRock Inc. increased its stake in shares of W.W. Grainger by 1,509.4% in the first quarter. BlackRock Inc. now owns 3,417,297 shares of the industrial products company’s stock valued at $795,411,000 after buying an additional 3,204,962 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of W.W. Grainger by 12.1% in the first quarter. Clearbridge Investments LLC now owns 1,070,611 shares of the industrial products company’s stock valued at $249,195,000 after buying an additional 115,704 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of W.W. Grainger during the first quarter valued at about $147,000,000. Finally, Geode Capital Management LLC increased its stake in shares of W.W. Grainger by 17.7% in the first quarter. Geode Capital Management LLC now owns 619,258 shares of the industrial products company’s stock valued at $143,962,000 after buying an additional 92,936 shares in the last quarter. 79.75% of the stock is owned by institutional investors.
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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