W.W. Grainger Inc. (NYSE:GWW) – Equities research analysts at Gabelli decreased their FY2017 earnings estimates for shares of W.W. Grainger in a research note issued on Monday. Gabelli analyst J. Bergner now forecasts that the brokerage will post earnings per share of $11.60 for the year, down from their prior forecast of $11.70. Gabelli also issued estimates for W.W. Grainger’s FY2018 earnings at $12.25 EPS, FY2019 earnings at $13.10 EPS and FY2020 earnings at $14.05 EPS.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Tuesday, October 18th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.99 by $0.07. W.W. Grainger had a return on equity of 31.67% and a net margin of 6.81%. The business earned $2.60 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the previous year, the firm posted $3.03 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year.

Earnings History and Estimates for W.W. Grainger (NYSE:GWW)

A number of other brokerages have also recently issued reports on GWW. Barclays PLC set a $213.00 target price on W.W. Grainger and gave the stock a “hold” rating in a report on Monday. RBC Capital Markets reissued an “underperform” rating and issued a $211.00 target price on shares of W.W. Grainger in a report on Monday, September 19th. Credit Suisse Group AG set a $205.00 target price on W.W. Grainger and gave the stock a “hold” rating in a report on Wednesday, October 19th. William Blair reissued an “outperform” rating on shares of W.W. Grainger in a report on Monday, November 7th. Finally, BMO Capital Markets reissued a “buy” rating on shares of W.W. Grainger in a report on Wednesday, October 19th. 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 stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $223.63.

W.W. Grainger (NYSE:GWW) traded down 0.92% on Tuesday, reaching $222.64. The company had a trading volume of 99,365 shares. W.W. Grainger has a one year low of $176.85 and a one year high of $239.95. The company has a 50-day moving average of $214.85 and a 200 day moving average of $222.57. The stock has a market cap of $13.26 billion, a price-to-earnings ratio of 20.04 and a beta of 0.74.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 14th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.17%. The ex-dividend date is Wednesday, November 9th. W.W. Grainger’s payout ratio is presently 43.88%.

Hedge funds have recently modified their holdings of the company. Assetmark Inc. increased its stake in shares of 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 increased its stake in shares of 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. increased its stake in shares of 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 increased its stake in shares of 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. acquired a new stake in shares of W.W. Grainger during the third quarter valued at approximately $183,000. 83.20% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:GWW

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