William Blair Weighs in on W W Grainger Inc’s Q3 2019 Earnings (NYSE:GWW)

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W W Grainger Inc (NYSE:GWW) – Equities research analysts at William Blair cut their Q3 2019 EPS estimates for shares of W W Grainger in a research note issued to investors on Wednesday, July 24th, Zacks Investment Research reports. William Blair analyst R. Merkel now forecasts that the industrial products company will earn $4.38 per share for the quarter, down from their prior estimate of $4.63. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for W W Grainger’s Q4 2019 earnings at $4.11 EPS, FY2019 earnings at $17.65 EPS and FY2020 earnings at $20.00 EPS.

GWW has been the topic of several other reports. Morgan Stanley increased their price target on W W Grainger from $258.00 to $276.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. ValuEngine raised W W Grainger from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Buckingham Research increased their price target on W W Grainger from $291.00 to $295.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Gordon Haskett raised W W Grainger from an “underperform” rating to a “hold” rating and set a $264.58 price target on the stock in a research report on Friday, May 17th. Finally, Atlantic Securities downgraded W W Grainger from a “neutral” rating to an “underweight” rating in a research report on Friday, June 21st. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $301.53.

Shares of GWW stock opened at $263.31 on Monday. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.38 and a quick ratio of 1.32. The stock has a fifty day moving average price of $274.21. W W Grainger has a 1 year low of $255.09 and a 1 year high of $372.06.

W W Grainger (NYSE:GWW) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $4.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.65 by ($0.01). The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.97 billion. W W Grainger had a return on equity of 46.27% and a net margin of 7.32%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $4.37 EPS.

W W Grainger announced that its board has initiated a stock buyback program on Wednesday, April 24th that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Monday, August 12th will be given a dividend of $1.44 per share. This represents a $5.76 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, August 9th. W W Grainger’s dividend payout ratio (DPR) is presently 34.49%.

In other news, VP Eric R. Tapia sold 180 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $272.58, for a total transaction of $49,064.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.50% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of GWW. Kavar Capital Partners LLC acquired a new stake in shares of W W Grainger during the 2nd quarter valued at about $26,000. Arrow Financial Corp grew its position in shares of W W Grainger by 41.7% during the 2nd quarter. Arrow Financial Corp now owns 170 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 50 shares during the period. Parallel Advisors LLC grew its position in shares of W W Grainger by 34.1% during the 2nd quarter. Parallel Advisors LLC now owns 181 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 46 shares during the period. Pearl River Capital LLC acquired a new stake in shares of W W Grainger during the 2nd quarter valued at about $64,000. Finally, TRUE Private Wealth Advisors acquired a new stake in shares of W W Grainger during the 2nd quarter valued at about $67,000. Hedge funds and other institutional investors own 75.31% of the company’s stock.

W W Grainger Company Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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

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