W.W. Grainger Inc. (NYSE:GWW) – Investment analysts at KeyCorp issued their Q1 2017 earnings per share estimates for shares of W.W. Grainger in a research note issued to investors on Sunday. KeyCorp analyst R. Cieslak anticipates that the firm will post earnings of $2.97 per share for the quarter.

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, beating the Zacks’ consensus estimate of $2.99 by $0.07. The business earned $2.60 billion during the quarter, compared to analyst estimates of $2.59 billion. W.W. Grainger had a return on equity of 31.67% and a net margin of 6.81%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.03 EPS.

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

A number of other brokerages also recently issued reports on GWW. Macquarie assumed coverage on W.W. Grainger in a report on Thursday, August 25th. They set an “outperform” rating and a $274.00 price target on the stock. Wells Fargo & Co. reaffirmed a “hold” rating on shares of W.W. Grainger in a report on Sunday, September 4th. RBC Capital Markets reaffirmed an “underperform” rating and set a $186.00 price target on shares of W.W. Grainger in a report on Monday. Royal Bank Of Canada lowered their target price on W.W. Grainger from $186.00 to $174.00 and set an “underperform” rating on the stock in a report on Monday. Finally, Zacks Investment Research downgraded W.W. Grainger from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. W.W. Grainger presently has a consensus rating of “Hold” and an average target price of $226.33.

W.W. Grainger (NYSE:GWW) opened at 220.16 on Wednesday. The stock has a market cap of $13.11 billion, a price-to-earnings ratio of 19.81 and a beta of 0.74. The firm’s 50-day moving average price is $214.88 and its 200-day moving average price is $222.55. W.W. Grainger has a 12-month low of $176.85 and a 12-month high of $239.95.

Several large investors have recently bought and sold shares of GWW. Nuveen Asset Management LLC raised its stake in W.W. Grainger by 33.3% in the first quarter. Nuveen Asset Management LLC now owns 7,184 shares of the company’s stock valued at $1,677,000 after buying an additional 1,793 shares during the last quarter. AMP Capital Investors Ltd raised its stake in shares of W.W. Grainger by 6.3% in the first quarter. AMP Capital Investors Ltd now owns 18,515 shares of the company’s stock worth $4,324,000 after buying an additional 1,100 shares in the last quarter. National Pension Service raised its stake in shares of W.W. Grainger by 4.4% in the first quarter. National Pension Service now owns 38,613 shares of the company’s stock worth $9,013,000 after buying an additional 1,640 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of W.W. Grainger by 7.4% in the first quarter. Envestnet Asset Management Inc. now owns 37,967 shares of the company’s stock worth $8,863,000 after buying an additional 2,614 shares in the last quarter. Finally, Babson Capital Management LLC acquired a new stake in shares of W.W. Grainger during the first quarter worth about $769,000. 83.20% of the stock is owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Wednesday, November 9th. W.W. Grainger’s payout ratio is 43.88%.

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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