W.W. Grainger (NYSE:GWW) Price Target Raised to $1,050.00

W.W. Grainger (NYSE:GWW) had its price target boosted by stock analysts at Royal Bank Of Canada from $1,006.00 to $1,050.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the industrial products company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 8.49% from the stock’s current price.

GWW has been the subject of several other reports. Morgan Stanley decreased their price target on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating for the company in a report on Friday, July 11th. JPMorgan Chase & Co. raised their price target on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of W.W. Grainger in a research note on Thursday. Barclays assumed coverage on shares of W.W. Grainger in a research note on Wednesday, October 8th. They issued an “underweight” rating and a $963.00 target price for the company. Finally, Loop Capital reduced their target price on shares of W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $1,059.86.

W.W. Grainger Price Performance

NYSE:GWW traded down $11.16 during trading hours on Monday, reaching $967.84. 79,551 shares of the company’s stock were exchanged, compared to its average volume of 290,163. The company has a market capitalization of $46.29 billion, a P/E ratio of 24.52, a price-to-earnings-growth ratio of 2.79 and a beta of 1.17. W.W. Grainger has a 12 month low of $893.99 and a 12 month high of $1,227.66. The company has a quick ratio of 1.64, a current ratio of 2.82 and a debt-to-equity ratio of 0.57. The business’s 50-day simple moving average is $979.33 and its two-hundred day simple moving average is $1,016.20.

W.W. Grainger (NYSE:GWW) last issued its earnings results on Friday, October 31st. The industrial products company reported $10.21 earnings per share for the quarter, topping analysts’ consensus estimates of $9.95 by $0.26. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The firm had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same period last year, the firm posted $9.87 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. Sell-side analysts expect that W.W. Grainger will post 40.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $992.86, for a total transaction of $496,430.00. Following the sale, the senior vice president owned 1,771 shares in the company, valued at $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On W.W. Grainger

A number of institutional investors have recently bought and sold shares of the business. Parnassus Investments LLC bought a new stake in shares of W.W. Grainger in the 3rd quarter worth about $721,202,000. Norges Bank bought a new stake in shares of W.W. Grainger in the 2nd quarter worth about $536,916,000. Nuveen LLC bought a new stake in shares of W.W. Grainger in the 1st quarter worth about $285,574,000. Vanguard Group Inc. lifted its position in W.W. Grainger by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 5,627,273 shares of the industrial products company’s stock worth $5,853,714,000 after buying an additional 238,895 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in W.W. Grainger by 46.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 443,386 shares of the industrial products company’s stock worth $422,529,000 after buying an additional 140,869 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

About W.W. Grainger

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.