Jefferies Financial Group assumed coverage on shares of W W Grainger (NYSE:GWW) in a research report sent to investors on Monday morning, Marketbeat reports. The brokerage issued a hold rating and a $300.00 price objective on the industrial products company’s stock. Jefferies Financial Group also issued estimates for W W Grainger’s Q4 2018 earnings at $3.70 EPS, FY2018 earnings at $16.44 EPS, Q1 2019 earnings at $4.50 EPS, Q2 2019 earnings at $4.70 EPS, Q3 2019 earnings at $4.65 EPS, Q4 2019 earnings at $4.15 EPS, FY2019 earnings at $18.00 EPS, Q1 2020 earnings at $5.05 EPS, Q2 2020 earnings at $5.15 EPS, Q3 2020 earnings at $5.15 EPS, Q4 2020 earnings at $4.65 EPS, FY2020 earnings at $20.00 EPS and FY2021 earnings at $21.10 EPS.

GWW has been the topic of several other research reports. Zacks Investment Research raised W W Grainger from a hold rating to a buy rating and set a $319.00 price objective on the stock in a research note on Tuesday, December 18th. Longbow Research reaffirmed a hold rating on shares of W W Grainger in a research note on Wednesday, October 17th. Oppenheimer decreased their price objective on W W Grainger from $410.00 to $365.00 and set an outperform rating on the stock in a research note on Wednesday, October 17th. Morgan Stanley started coverage on W W Grainger in a research note on Tuesday, December 18th. They issued an underweight rating and a $265.00 price objective on the stock. Finally, Buckingham Research started coverage on W W Grainger in a research note on Monday, December 10th. They issued a neutral rating and a $325.00 price objective on the stock. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $305.88.

Shares of NYSE:GWW opened at $277.00 on Monday. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 1.26 and a beta of 1.12. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.44 and a current ratio of 2.44. W W Grainger has a 52-week low of $223.25 and a 52-week high of $372.06.

W W Grainger (NYSE:GWW) last announced its earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.23. The business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.84 billion. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $2.79 earnings per share. As a group, equities analysts anticipate that W W Grainger will post 16.3 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Financial Architects Inc increased its stake in W W Grainger by 1,195.7% in the 3rd quarter. Financial Architects Inc now owns 298 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 275 shares during the last quarter. First Interstate Bank increased its stake in W W Grainger by 161.3% in the 3rd quarter. First Interstate Bank now owns 405 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 250 shares during the last quarter. American Beacon Advisors Inc. bought a new stake in W W Grainger in the 3rd quarter worth approximately $146,000. Mitchell Mcleod Pugh & Williams Inc. bought a new stake in W W Grainger in the 3rd quarter worth approximately $204,000. Finally, Cannell Peter B & Co. Inc. bought a new stake in W W Grainger in the 3rd quarter worth approximately $206,000. 76.54% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for W W Grainger (NYSE:GWW)

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