W W Grainger Inc (NYSE:GWW) – Equities research analysts at Northcoast Research lifted their FY2018 EPS estimates for shares of W W Grainger in a research report issued to clients and investors on Tuesday, November 20th. Northcoast Research analyst R. Cieslak now forecasts that the industrial products company will post earnings per share of $16.33 for the year, up from their prior estimate of $16.23.
W W Grainger (NYSE:GWW) last posted its quarterly earnings data on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.96 by $0.23. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.84 billion. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.79 earnings per share.
GWW stock opened at $296.98 on Wednesday. The company has a market capitalization of $17.18 billion, a PE ratio of 25.91, a PEG ratio of 1.51 and a beta of 1.06. W W Grainger has a twelve month low of $198.07 and a twelve month high of $372.06. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.44 and a quick ratio of 1.44.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Architects Inc lifted its holdings in shares of W W Grainger by 1,195.7% during the third quarter. Financial Architects Inc now owns 298 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 275 shares during the period. First Interstate Bank raised its position in W W Grainger by 161.3% in the third quarter. First Interstate Bank now owns 405 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 250 shares in the last quarter. Sun Life Financial INC raised its position in W W Grainger by 60.4% in the second quarter. Sun Life Financial INC now owns 409 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 154 shares in the last quarter. American Beacon Advisors Inc. purchased a new position in W W Grainger in the third quarter worth $146,000. Finally, Mitchell Mcleod Pugh & Williams Inc. purchased a new position in W W Grainger in the third quarter worth $204,000. 75.99% of the stock is owned by hedge funds and other institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Monday, November 12th will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Thursday, November 8th. W W Grainger’s dividend payout ratio is presently 47.47%.
W W Grainger Company Profile
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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