W.W. Grainger, Inc. (NYSE:GWW) – Research analysts at William Blair reduced their Q3 2017 earnings per share estimates for shares of W.W. Grainger in a report released on Wednesday. William Blair analyst R. Merkel now anticipates that the firm will post earnings of $3.13 per share for the quarter, down from their previous forecast of $3.23. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for W.W. Grainger’s Q4 2017 earnings at $2.64 EPS and FY2018 earnings at $13.25 EPS.
Several other analysts have also recently weighed in on the company. Wells Fargo & Company reaffirmed a “market perform” rating on shares of W.W. Grainger in a report on Saturday. TheStreet cut W.W. Grainger from a “b” rating to a “c+” rating in a report on Wednesday, January 25th. Stifel Nicolaus raised their price objective on W.W. Grainger from $245.00 to $266.00 and gave the company a “hold” rating in a report on Friday, January 27th. Barclays PLC reissued an “equal weight” rating and set a $239.00 price objective (up from $226.00) on shares of W.W. Grainger in a report on Thursday, January 26th. Finally, Deutsche Bank AG raised W.W. Grainger from a “sell” rating to a “hold” rating and raised their price objective for the company from $194.00 to $246.00 in a report on Thursday, January 26th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $238.79.
Shares of W.W. Grainger (NYSE:GWW) traded down 0.06% during trading on Monday, reaching $252.41. The company’s stock had a trading volume of 115,893 shares. The stock’s 50 day moving average price is $239.93 and its 200-day moving average price is $226.23. The stock has a market cap of $14.84 billion, a price-to-earnings ratio of 25.57 and a beta of 0.80. W.W. Grainger has a 52-week low of $189.57 and a 52-week high of $262.71.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Wednesday, January 25th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.36 by $0.09. W.W. Grainger had a return on equity of 32.79% and a net margin of 5.98%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the firm earned $2.49 earnings per share. The company’s revenue was down .3% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Monday, February 13th will be given a dividend of $1.22 per share. The ex-dividend date is Thursday, February 9th. This represents a $4.88 annualized dividend and a dividend yield of 1.93%. W.W. Grainger’s dividend payout ratio is presently 49.64%.
In other W.W. Grainger news, Chairman James T. Ryan sold 65,000 shares of W.W. Grainger stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $234.17, for a total transaction of $15,221,050.00. Following the completion of the transaction, the chairman now owns 163,478 shares in the company, valued at $38,281,643.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John L. Howard sold 11,000 shares of W.W. Grainger stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $230.00, for a total value of $2,530,000.00. Following the transaction, the vice president now owns 49,406 shares of the company’s stock, valued at approximately $11,363,380. The disclosure for this sale can be found here. Insiders own 9.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. AMG Funds LLC bought a new position in shares of W.W. Grainger during the fourth quarter worth about $1,619,000. Mascoma Wealth Management LLC bought a new position in shares of W.W. Grainger during the fourth quarter worth about $464,000. Russell Investments Group Ltd. bought a new position in shares of W.W. Grainger during the fourth quarter worth about $29,493,000. Hall Laurie J Trustee bought a new position in shares of W.W. Grainger during the fourth quarter worth about $295,000. Finally, Accident Compensation Corp boosted its position in shares of W.W. Grainger by 14.7% in the third quarter. Accident Compensation Corp now owns 17,125 shares of the company’s stock worth $3,850,000 after buying an additional 2,200 shares during the last quarter. Institutional investors and hedge funds own 82.62% of the company’s stock.
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.