W.W. Grainger, Inc. (NYSE:GWW) - Investment analysts at Oppenheimer Holdings upped their Q3 2017 earnings per share estimates for shares of W.W. Grainger in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst C. Glynn now anticipates that the industrial products company will earn $2.64 per share for the quarter, up from their previous estimate of $2.55. Oppenheimer Holdings also issued estimates for W.W. Grainger’s FY2017 earnings at $10.45 EPS.
GWW has been the topic of several other reports. BMO Capital Markets cut shares of W.W. Grainger from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $290.00 to $255.00 in a research report on Thursday, March 30th. J P Morgan Chase & Co started coverage on shares of W.W. Grainger in a research report on Friday, June 2nd. They set a “neutral” rating and a $180.00 price objective on the stock. Zacks Investment Research cut shares of W.W. Grainger from a “hold” rating to a “strong sell” rating in a research report on Friday, April 21st. TheStreet cut shares of W.W. Grainger from a “b-” rating to a “c+” rating in a research report on Thursday, May 11th. Finally, Credit Suisse Group cut shares of W.W. Grainger from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $235.00 to $175.00 in a research report on Wednesday, April 19th. Five investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. W.W. Grainger has a consensus rating of “Hold” and a consensus target price of $180.33.
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W.W. Grainger (NYSE GWW) opened at 164.94 on Monday. The firm’s 50 day moving average price is $175.27 and its 200-day moving average price is $213.21. W.W. Grainger has a 52 week low of $160.29 and a 52 week high of $262.71. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 19.01 and a beta of 0.76.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.09. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the prior year, the company posted $2.89 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year.
Large investors have recently modified their holdings of the stock. Harfst & Associates Inc. bought a new stake in shares of W.W. Grainger during the first quarter worth about $116,000. Ibex Wealth Advisors bought a new stake in shares of W.W. Grainger during the fourth quarter worth about $134,000. Salem Investment Counselors Inc. bought a new stake in shares of W.W. Grainger during the first quarter worth about $138,000. NEXT Financial Group Inc raised its stake in shares of W.W. Grainger by 35.0% in the first quarter. NEXT Financial Group Inc now owns 783 shares of the industrial products company’s stock worth $151,000 after buying an additional 203 shares during the period. Finally, Mosaic Family Wealth LLC raised its stake in shares of W.W. Grainger by 2.7% in the first quarter. Mosaic Family Wealth LLC now owns 840 shares of the industrial products company’s stock worth $195,000 after buying an additional 22 shares during the period. 79.75% of the stock is owned by institutional investors.
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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