W.W. Grainger Inc. (NYSE:GWW) – Research analysts at KeyCorp lifted their Q3 2016 earnings per share (EPS) estimates for W.W. Grainger in a report issued on Tuesday. KeyCorp analyst R. Cieslak now anticipates that the firm will post earnings per share of $3.01 for the quarter, up from their previous forecast of $2.96. KeyCorp also issued estimates for W.W. Grainger’s FY2016 earnings at $11.50 EPS.
A number of other analysts have also commented on GWW. BMO Capital Markets reaffirmed a “buy” rating on shares of W.W. Grainger in a research note on Friday, June 10th. Credit Suisse Group AG started coverage on W.W. Grainger in a research note on Friday, June 17th. They issued a “neutral” rating and a $222.00 price target for the company. Zacks Investment Research lowered W.W. Grainger from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Barclays PLC raised their price target on W.W. Grainger from $209.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Monday, July 18th. Finally, Royal Bank Of Canada dropped their price target on W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating for the company in a research note on Wednesday, July 20th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. W.W. Grainger presently has an average rating of “Hold” and an average target price of $228.75.
W.W. Grainger (NYSE:GWW) opened at 224.41 on Friday. The stock has a market capitalization of $13.56 billion, a P/E ratio of 20.41 and a beta of 0.81. 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 $225.45 and a 200-day moving average of $226.47.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $2.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.17 by $0.28. The company earned $2.60 million during the quarter, compared to analysts’ expectations of $2.58 billion. W.W. Grainger had a return on equity of 31.26% and a net margin of 6.91%. During the same period last year, the firm posted $3.27 earnings per share.
In other W.W. Grainger news, VP Joseph C. High sold 1,722 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $220.00, for a total value of $378,840.00. Following the transaction, the vice president now directly owns 7,531 shares of the company’s stock, valued at $1,656,820. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.60% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Acropolis Investment Management LLC boosted its position in shares of W.W. Grainger by 11.0% in the third quarter. Acropolis Investment Management LLC now owns 3,070 shares of the company’s stock valued at $690,000 after buying an additional 305 shares during the last quarter. Eqis Capital Management Inc. boosted its position in shares of W.W. Grainger by 1.6% in the third quarter. Eqis Capital Management Inc. now owns 17,272 shares of the company’s stock valued at $3,884,000 after buying an additional 264 shares during the last quarter. Evercore Wealth Management LLC boosted its position in shares of W.W. Grainger by 4.4% in the second quarter. Evercore Wealth Management LLC now owns 861 shares of the company’s stock valued at $195,000 after buying an additional 36 shares during the last quarter. Williams Jones & Associates LLC boosted its position in shares of W.W. Grainger by 2,123.9% in the second quarter. Williams Jones & Associates LLC now owns 16,724 shares of the company’s stock valued at $3,801,000 after buying an additional 15,972 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of W.W. Grainger during the second quarter valued at about $518,000. 82.63% of the stock is currently owned by institutional investors and hedge funds.
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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