William Blair Comments on W W Grainger Inc’s FY2018 Earnings (GWW)

W W Grainger Inc (NYSE:GWW) – Equities researchers at William Blair increased their FY2018 EPS estimates for W W Grainger in a research report issued to clients and investors on Tuesday, October 16th. William Blair analyst R. Merkel now anticipates that the industrial products company will post earnings per share of $16.40 for the year, up from their prior estimate of $16.00. William Blair also issued estimates for W W Grainger’s Q4 2018 earnings at $3.66 EPS, Q1 2019 earnings at $4.56 EPS, Q2 2019 earnings at $4.90 EPS, Q3 2019 earnings at $4.59 EPS, Q4 2019 earnings at $4.26 EPS and FY2019 earnings at $18.30 EPS.

W W Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, October 16th. The industrial products company reported $4.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.96 by $0.23. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the previous year, the business earned $2.79 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis.

Several other analysts have also recently commented on the company. Oppenheimer boosted their price target on W W Grainger from $400.00 to $410.00 and gave the stock an “outperform” rating in a research report on Friday, September 21st. Macquarie boosted their price target on W W Grainger from $314.00 to $358.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. Wells Fargo & Co reissued a “hold” rating on shares of W W Grainger in a research note on Wednesday, July 18th. Royal Bank of Canada boosted their price objective on W W Grainger to $243.00 and gave the stock an “underperform” rating in a research note on Thursday, July 19th. They noted that the move was a valuation call. Finally, BMO Capital Markets boosted their price objective on W W Grainger from $267.00 to $330.00 and gave the stock a “market perform” rating in a research note on Thursday, July 19th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $308.43.

Shares of GWW opened at $276.28 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 1.34. W W Grainger has a one year low of $191.39 and a one year high of $372.06. The company has a market cap of $15.68 billion, a P/E ratio of 24.11, a PEG ratio of 1.38 and a beta of 0.82.

Several institutional investors have recently made changes to their positions in the company. FMR LLC lifted its stake in shares of W W Grainger by 94.6% in the 2nd quarter. FMR LLC now owns 1,386,729 shares of the industrial products company’s stock valued at $427,667,000 after purchasing an additional 673,993 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in shares of W W Grainger by 32.5% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 759,809 shares of the industrial products company’s stock valued at $271,563,000 after purchasing an additional 186,332 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of W W Grainger by 21.0% in the 3rd quarter. Bank of Montreal Can now owns 489,278 shares of the industrial products company’s stock valued at $174,874,000 after purchasing an additional 85,068 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of W W Grainger by 34,096.9% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 445,586 shares of the industrial products company’s stock valued at $1,454,000 after purchasing an additional 444,283 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of W W Grainger by 92.6% in the 2nd quarter. Morgan Stanley now owns 325,769 shares of the industrial products company’s stock valued at $100,468,000 after purchasing an additional 156,607 shares during the last quarter. 79.16% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Eric R. Tapia sold 1,534 shares of the company’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $338.19, for a total value of $518,783.46. Following the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at approximately $770,396.82. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John L. Howard sold 14,990 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $368.20, for a total value of $5,519,318.00. Following the completion of the transaction, the vice president now directly owns 58,207 shares in the company, valued at approximately $21,431,817.40. The disclosure for this sale can be found here. Insiders have sold 38,972 shares of company stock worth $13,741,862 in the last three months. 10.10% of the stock is currently owned by corporate insiders.

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

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