William Blair Brokers Raise Earnings Estimates for W.W. Grainger Inc. (GWW)
W.W. Grainger Inc. (NYSE:GWW) – Stock analysts at William Blair boosted their FY2018 earnings estimates for W.W. Grainger in a research note issued on Monday. William Blair analyst R. Merkel now expects that the brokerage will post earnings per share of $14.10 for the year, up from their previous estimate of $13.45. William Blair currently has a “Outperform” rating on the stock.
W.W. Grainger (NYSE:GWW) last posted its earnings results on Tuesday, October 18th. The company reported $3.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.99 by $0.07. The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.59 billion. W.W. Grainger had a net margin of 6.81% and a return on equity of 31.67%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $3.03 earnings per share.
Several other equities research analysts have also issued reports on GWW. Barclays PLC set a $213.00 price target on shares of W.W. Grainger and gave the company a “hold” rating in a report on Monday. RBC Capital Markets reaffirmed an “underperform” rating and set a $211.00 price target on shares of W.W. Grainger in a report on Monday, September 19th. Credit Suisse Group AG set a $205.00 price target on shares of W.W. Grainger and gave the company a “hold” rating in a report on Wednesday, October 19th. BMO Capital Markets reaffirmed a “buy” rating on shares of W.W. Grainger in a report on Wednesday, October 19th. Finally, Zacks Investment Research raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a report on Tuesday, September 20th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. W.W. Grainger currently has a consensus rating of “Hold” and an average price target of $223.63.
W.W. Grainger (NYSE:GWW) traded up 0.51% during midday trading on Wednesday, reaching $225.03. 289,054 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $214.27 and its 200 day moving average price is $222.91. W.W. Grainger has a 1-year low of $176.85 and a 1-year high of $239.95. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 20.25 and a beta of 0.74.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $4.88 dividend on an annualized basis and a yield of 2.18%. W.W. Grainger’s dividend payout ratio (DPR) is presently 43.88%.
Hedge funds have recently bought and sold shares of the company. Assetmark Inc. raised its stake in W.W. Grainger by 18.4% in the third quarter. Assetmark Inc. now owns 489 shares of the company’s stock valued at $110,000 after buying an additional 76 shares during the last quarter. NEXT Financial Group Inc raised its stake in W.W. Grainger by 22.3% in the third quarter. NEXT Financial Group Inc now owns 553 shares of the company’s stock valued at $124,000 after buying an additional 101 shares during the last quarter. Cornerstone Advisors Inc. raised its stake in W.W. Grainger by 3,122.2% in the third quarter. Cornerstone Advisors Inc. now owns 580 shares of the company’s stock valued at $130,000 after buying an additional 562 shares during the last quarter. Van ECK Associates Corp raised its stake in W.W. Grainger by 31.8% in the second quarter. Van ECK Associates Corp now owns 601 shares of the company’s stock valued at $137,000 after buying an additional 145 shares during the last quarter. Finally, Virtus Investment Advisers Inc. purchased a new stake in W.W. Grainger during the third quarter valued at about $183,000. Hedge funds and other institutional investors own 83.20% 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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