W.W. Grainger, Inc. (NYSE:GWW) – Equities research analysts at Oppenheimer Holdings increased their Q3 2017 EPS estimates for shares of W.W. Grainger in a research note issued on Wednesday. Oppenheimer Holdings analyst C. Glynn now forecasts that the industrial products company will post earnings per share of $2.64 for the quarter, up from their prior forecast of $2.55. Oppenheimer Holdings also issued estimates for W.W. Grainger’s FY2017 earnings at $10.45 EPS.
A number of other analysts have also recently commented on the company. Royal Bank Of Canada reaffirmed a “sell” rating and issued a $166.00 price target (down from $209.00) on shares of W.W. Grainger in a research note on Wednesday, April 19th. UBS AG reaffirmed a “neutral” rating and issued a $180.00 price target (down from $275.00) on shares of W.W. Grainger in a research note on Wednesday, May 24th. Northcoast Research assumed coverage on W.W. Grainger in a research note on Tuesday. They issued a “neutral” rating for the company. Deutsche Bank AG cut W.W. Grainger from a “hold” rating to a “sell” rating and lowered their price target for the company from $246.00 to $145.00 in a research note on Thursday, May 18th. Finally, Morgan Stanley lowered their price target on W.W. Grainger from $174.00 to $172.00 and set an “underweight” rating for the company in a research note on Thursday, July 20th. Five investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $180.33.
W.W. Grainger (NYSE:GWW) opened at 169.06 on Monday. The firm has a 50 day moving average of $174.86 and a 200 day moving average of $212.05. The firm has a market capitalization of $9.75 billion, a PE ratio of 19.49 and a beta of 0.76. W.W. Grainger has a one year low of $160.29 and a one year high of $262.71.
W.W. Grainger (NYSE:GWW) last announced its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.65 by $0.09. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same period last year, the company posted $2.89 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis.
Institutional investors have recently modified their holdings of the stock. Gillespie Robinson & Grimm Inc. raised its position in shares of W.W. Grainger by 83.5% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 66,442 shares of the industrial products company’s stock valued at $15,465,000 after buying an additional 30,242 shares in the last quarter. Creative Planning raised its position in shares of W.W. Grainger by 1.1% in the first quarter. Creative Planning now owns 6,885 shares of the industrial products company’s stock valued at $1,603,000 after buying an additional 76 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of W.W. Grainger by 8.3% in the first quarter. Raymond James Trust N.A. now owns 3,238 shares of the industrial products company’s stock valued at $754,000 after buying an additional 249 shares in the last quarter. Hills Bank & Trust Co. acquired a new position in shares of W.W. Grainger during the first quarter valued at about $274,000. Finally, Acropolis Investment Management LLC raised its position in shares of W.W. Grainger by 4.9% in the first quarter. Acropolis Investment Management LLC now owns 3,644 shares of the industrial products company’s stock valued at $848,000 after buying an additional 169 shares in the last quarter. Institutional investors and hedge funds own 79.68% of the company’s stock.
W.W. Grainger Company Profile
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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