W W Grainger Inc to Post FY2018 Earnings of $16.47 Per Share, KeyCorp Forecasts (GWW)

W W Grainger Inc (NYSE:GWW) – Equities research analysts at KeyCorp 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. KeyCorp analyst S. Barger now forecasts that the industrial products company will post earnings of $16.47 per share for the year, up from their previous estimate of $16.31. KeyCorp also issued estimates for W W Grainger’s Q4 2018 earnings at $3.73 EPS and Q2 2019 earnings at $4.84 EPS.

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

GWW has been the topic of a number of other research reports. Cfra set a $350.00 price objective on shares of W W Grainger and gave the stock a “hold” rating in a report on Wednesday, July 18th. Oppenheimer increased their price objective on shares of W W Grainger from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, September 21st. BMO Capital Markets increased their price objective on shares of W W Grainger from $267.00 to $330.00 and gave the stock a “market perform” rating in a report on Thursday, July 19th. They noted that the move was a valuation call. Gabelli cut shares of W W Grainger from a “buy” rating to a “hold” rating and set a $386.00 price objective on the stock. in a report on Monday, July 16th. Finally, Royal Bank of Canada increased their price objective on shares of W W Grainger to $243.00 and gave the stock an “underperform” rating in a report on Thursday, July 19th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $308.43.

Shares of GWW stock traded up $0.73 during trading hours on Thursday, reaching $293.75. The stock 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. W W Grainger has a twelve month low of $191.39 and a twelve month high of $372.06. The stock has a market cap of $16.67 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 1.47 and a beta of 1.06.

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

In other W W Grainger news, VP John L. Howard sold 14,990 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $368.20, for a total transaction of $5,519,318.00. Following the transaction, the vice president now owns 58,207 shares of the company’s stock, valued at approximately $21,431,817.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brian P. Anderson sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were 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 in the company, valued at approximately $1,455,127.20. The disclosure for this sale can be found here. 10.10% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Sun Life Financial INC boosted its position in shares of W W Grainger by 60.4% during the 2nd quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 154 shares in the last quarter. LPL Financial LLC boosted its position in shares of W W Grainger by 1.1% during the 1st quarter. LPL Financial LLC now owns 16,240 shares of the industrial products company’s stock valued at $4,584,000 after purchasing an additional 171 shares in the last quarter. MainStreet Investment Advisors LLC boosted its position in shares of W W Grainger by 1.3% during the 3rd quarter. MainStreet Investment Advisors LLC now owns 14,070 shares of the industrial products company’s stock valued at $5,029,000 after purchasing an additional 179 shares in the last quarter. Martingale Asset Management L P boosted its position in shares of W W Grainger by 1.3% during the 2nd quarter. Martingale Asset Management L P now owns 15,083 shares of the industrial products company’s stock valued at $4,652,000 after purchasing an additional 190 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of W W Grainger by 4.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 4,142 shares of the industrial products company’s stock valued at $1,480,000 after purchasing an additional 190 shares in 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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