Q3 2016 EPS Estimates for W.W. Grainger Inc. Increased by Analyst (GWW)
W.W. Grainger Inc. (NYSE:GWW) – Stock analysts at KeyCorp boosted their Q3 2016 EPS estimates for shares of W.W. Grainger in a note issued to investors on Tuesday. KeyCorp analyst R. Cieslak now anticipates that the firm will post earnings per share of $3.01 for the quarter, up from their prior estimate of $2.96. KeyCorp also issued estimates for W.W. Grainger’s FY2016 earnings at $11.50 EPS.
W.W. Grainger (NYSE:GWW) last released its earnings results on Tuesday, July 19th. The company reported $2.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by $0.28. The company had revenue of $2.60 million for the quarter, compared to the consensus estimate of $2.58 billion. W.W. Grainger had a net margin of 6.91% and a return on equity of 31.26%. During the same period in the prior year, the firm posted $3.27 EPS.
A number of other analysts also recently commented on the company. Zacks Investment Research upgraded W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Tuesday, September 20th. RBC Capital Markets restated an “underperform” rating and issued a $211.00 target price on shares of W.W. Grainger in a research note on Monday, September 19th. Wells Fargo & Co. restated a “hold” rating on shares of W.W. Grainger in a research note on Sunday, September 4th. Macquarie assumed coverage on W.W. Grainger in a research note on Thursday, August 25th. They issued an “outperform” rating and a $274.00 target price on the stock. Finally, BMO Capital Markets lowered their target price on W.W. Grainger from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, July 20th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. W.W. Grainger currently has an average rating of “Hold” and an average price target of $228.75.
W.W. Grainger (NYSE:GWW) opened at 224.41 on Friday. W.W. Grainger has a 52-week low of $176.85 and a 52-week high of $239.95. The company has a market cap of $13.56 billion, a P/E ratio of 20.41 and a beta of 0.81. The stock’s 50 day moving average price is $225.45 and its 200 day moving average price is $226.47.
A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in W.W. Grainger by 0.7% in the second quarter. Vanguard Group Inc. now owns 5,328,701 shares of the company’s stock valued at $1,210,948,000 after buying an additional 38,526 shares during the period. First Eagle Investment Management LLC raised its position in W.W. Grainger by 1.1% in the second quarter. First Eagle Investment Management LLC now owns 1,810,545 shares of the company’s stock valued at $411,446,000 after buying an additional 19,999 shares in the last quarter. Mackenzie Financial Corp raised its position in W.W. Grainger by 34.5% in the second quarter. Mackenzie Financial Corp now owns 759,733 shares of the company’s stock valued at $172,649,000 after buying an additional 195,054 shares in the last quarter. Coho Partners Ltd. raised its position in W.W. Grainger by 9.8% in the second quarter. Coho Partners Ltd. now owns 517,505 shares of the company’s stock valued at $117,603,000 after buying an additional 46,254 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in W.W. Grainger by 3.9% in the first quarter. Geode Capital Management LLC now owns 484,813 shares of the company’s stock valued at $112,953,000 after buying an additional 18,206 shares in the last quarter. 82.63% of the stock is owned by institutional investors.
In other W.W. Grainger news, VP Joseph C. High sold 1,722 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $220.00, for a total transaction of $378,840.00. Following the completion of the sale, the vice president now owns 7,531 shares of the company’s stock, valued at $1,656,820. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.60% of the stock is owned by corporate insiders.
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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