Analysts expect W W Grainger Inc (NYSE:GWW) to announce sales of $2.79 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for W W Grainger’s earnings. The highest sales estimate is $2.80 billion and the lowest is $2.77 billion. W W Grainger posted sales of $2.63 billion during the same quarter last year, which would indicate a positive year over year growth rate of 6.1%. The firm is scheduled to issue its next earnings results on Wednesday, January 23rd.

On average, analysts expect that W W Grainger will report full year sales of $11.26 billion for the current financial year, with estimates ranging from $11.23 billion to $11.31 billion. For the next year, analysts expect that the company will report sales of $12.00 billion, with estimates ranging from $11.89 billion to $12.07 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for W W Grainger.

W W Grainger (NYSE:GWW) last announced its quarterly earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.96 by $0.23. W W Grainger had a net margin of 6.51% and a return on equity of 45.22%. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the firm posted $2.79 EPS. The business’s revenue was up 7.4% compared to the same quarter last year.

A number of research firms have recently weighed in on GWW. Longbow Research reissued a “hold” rating on shares of W W Grainger in a research report on Wednesday, October 17th. Oppenheimer dropped their price target on shares of W W Grainger from $410.00 to $365.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 17th. BMO Capital Markets cut their price objective on W W Grainger from $332.00 to $330.00 and set a “market perform” rating on the stock in a report on Wednesday, October 17th. ValuEngine lowered W W Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, Gordon Haskett started coverage on W W Grainger in a research note on Friday, October 12th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $308.43.

Shares of GWW traded down $1.03 during mid-day trading on Monday, hitting $299.57. The company had a trading volume of 676,860 shares, compared to its average volume of 804,676. W W Grainger has a 1-year low of $220.55 and a 1-year high of $372.06. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.44 and a current ratio of 2.44. The stock has a market capitalization of $16.93 billion, a PE ratio of 26.14, a P/E/G ratio of 1.49 and a beta of 1.11.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Monday, November 12th were issued a $1.36 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $5.44 dividend on an annualized basis and a yield of 1.82%. W W Grainger’s payout ratio is currently 47.47%.

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in shares of W W Grainger by 0.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 61,332 shares of the industrial products company’s stock valued at $18,915,000 after purchasing an additional 535 shares in the last quarter. United Services Automobile Association boosted its position in shares of W W Grainger by 1.7% in the second quarter. United Services Automobile Association now owns 35,922 shares of the industrial products company’s stock worth $11,078,000 after acquiring an additional 596 shares during the last quarter. Ronna Sue Cohen purchased a new position in W W Grainger in the third quarter valued at approximately $3,651,000. Piedmont Investment Advisors Inc. raised its stake in shares of W W Grainger by 548.1% during the third quarter. Piedmont Investment Advisors Inc. now owns 3,746 shares of the industrial products company’s stock valued at $1,339,000 after purchasing an additional 3,168 shares during the period. Finally, Aperio Group LLC increased its stake in shares of W W Grainger by 7.4% in the third quarter. Aperio Group LLC now owns 45,390 shares of the industrial products company’s stock worth $16,223,000 after buying an additional 3,141 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

About W W Grainger

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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