W.W. Grainger Inc. (NYSE:GWW) is set to release its earnings data before the market opens on Tuesday, October 18th. Analysts expect W.W. Grainger to post earnings of $2.99 per share for the quarter.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $2.89 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by $0.28. W.W. Grainger had a net margin of 6.91% and a return on equity of 31.26%. The firm earned $2.60 million during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the prior year, the company earned $3.27 earnings per share. On average, analysts expect W.W. Grainger to post $11.53 EPS for the current fiscal year and $12.45 EPS for the next fiscal year.
Shares of W.W. Grainger Inc. (NYSE:GWW) opened at 214.21 on Monday. The stock’s 50 day moving average price is $223.48 and its 200-day moving average price is $226.08. W.W. Grainger Inc. has a 52-week low of $176.85 and a 52-week high of $239.95. The company has a market capitalization of $12.94 billion, a P/E ratio of 19.48 and a beta of 0.81.
GWW has been the topic of a number of recent research reports. Zacks Investment Research upgraded W.W. Grainger from a “sell” rating to a “hold” rating in a report on Tuesday, September 20th. RBC Capital Markets restated an “underperform” rating and issued a $211.00 target price on shares of W.W. Grainger in a report on Monday, September 19th. Macquarie initiated coverage on W.W. Grainger in a report on Thursday, August 25th. They issued an “outperform” rating and a $274.00 target price on the stock. Royal Bank Of Canada dropped their target price on W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating on the stock in a report on Wednesday, July 20th. Finally, Barclays PLC raised their target price on W.W. Grainger from $209.00 to $213.00 and gave the company an “equal weight” rating in a report on Monday, July 18th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. W.W. Grainger currently has a consensus rating of “Hold” and an average price target of $228.75.
In other news, VP Joseph C. High sold 1,722 shares of W.W. Grainger stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $220.00, for a total value of $378,840.00. Following the completion of the transaction, the vice president now directly owns 7,531 shares in the company, valued at $1,656,820. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 9.60% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in GWW. Mackenzie Financial Corp boosted its position in shares of W.W. Grainger by 34.5% in the second quarter. Mackenzie Financial Corp now owns 759,733 shares of the company’s stock valued at $172,649,000 after buying an additional 195,054 shares during the period. WBI Investments Inc. bought a new position in shares of W.W. Grainger during the second quarter valued at $17,348,000. Janus Capital Management LLC boosted its position in shares of W.W. Grainger by 109.2% in the second quarter. Janus Capital Management LLC now owns 74,430 shares of the company’s stock valued at $16,914,000 after buying an additional 38,850 shares during the period. Guggenheim Capital LLC boosted its position in shares of W.W. Grainger by 32.1% in the second quarter. Guggenheim Capital LLC now owns 158,309 shares of the company’s stock valued at $35,976,000 after buying an additional 38,480 shares during the period. Finally, Pinkerton Retirement Specialists LLC boosted its position in shares of W.W. Grainger by 764.2% in the second quarter. Pinkerton Retirement Specialists LLC now owns 38,726 shares of the company’s stock valued at $881,000 after buying an additional 34,245 shares during the period. Institutional investors own 82.56% 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.
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