W.W. Grainger (NYSE:GWW) Price Target Raised to $1,260.00

W.W. Grainger (NYSE:GWW) had its price target lifted by DA Davidson from $1,250.00 to $1,260.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

A number of other equities analysts have also recently weighed in on GWW. Sanford C. Bernstein boosted their price target on W.W. Grainger from $1,052.00 to $1,125.00 and gave the stock a “market perform” rating in a report on Tuesday, April 21st. Wall Street Zen lowered W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Morgan Stanley lifted their price objective on W.W. Grainger from $1,190.00 to $1,300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Royal Bank Of Canada cut their target price on shares of W.W. Grainger from $1,460.00 to $1,428.00 and set a “sector perform” rating for the company in a research note on Wednesday. Finally, Weiss Ratings upgraded shares of W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, W.W. Grainger has a consensus rating of “Hold” and a consensus price target of $1,271.75.

W.W. Grainger Trading Down 0.4%

Shares of GWW opened at $1,277.63 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.81 and a quick ratio of 1.60. W.W. Grainger has a 1-year low of $906.52 and a 1-year high of $1,419.91. The stock has a market cap of $60.18 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. The firm has a 50 day simple moving average of $1,342.22 and a 200-day simple moving average of $1,212.25.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.30 by $0.71. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.96 billion. W.W. Grainger had a return on equity of 48.73% and a net margin of 9.92%.W.W. Grainger’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.97 EPS. W.W. Grainger has set its FY 2026 guidance at 45.500-47.250 EPS. Equities analysts forecast that W.W. Grainger will post 46.14 EPS for the current fiscal year.

W.W. Grainger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be issued a $2.49 dividend. The ex-dividend date is Monday, August 10th. This represents a $9.96 annualized dividend and a yield of 0.8%. W.W. Grainger’s payout ratio is 25.40%.

Insiders Place Their Bets

In other news, VP Laurie R. Thomson sold 313 shares of W.W. Grainger stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,231.69, for a total value of $385,518.97. Following the completion of the sale, the vice president owned 399 shares of the company’s stock, valued at $491,444.31. The trade was a 43.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paige K. Robbins sold 1,457 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,232.29, for a total value of $1,795,446.53. Following the completion of the transaction, the vice president owned 2,232 shares of the company’s stock, valued at $2,750,471.28. The trade was a 39.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,624 shares of company stock valued at $3,232,291 in the last quarter. 6.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Miller Capital Partners Inc. acquired a new stake in shares of W.W. Grainger in the fourth quarter worth approximately $26,000. MV Capital Management Inc. purchased a new stake in W.W. Grainger in the fourth quarter valued at approximately $28,000. Elyxium Wealth LLC acquired a new position in W.W. Grainger during the fourth quarter worth approximately $30,000. Elevation Wealth Partners LLC increased its position in W.W. Grainger by 420.0% during the second quarter. Elevation Wealth Partners LLC now owns 26 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 21 shares during the last quarter. Finally, Caitlin John LLC purchased a new position in W.W. Grainger during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

About W.W. Grainger

W.W. Grainger, Inc (NYSE: GWW) is an industrial supply distributor founded in 1927 and headquartered in Lake Forest, Illinois. The company supplies maintenance, repair and operations (MRO) products and services to businesses, institutions and government customers. Over its long history Grainger has developed a broad product assortment and a national distribution network that supports operations across a range of end markets, including manufacturing, healthcare, hospitality, transportation and public sector organizations.

Grainger’s product portfolio spans core categories such as electrical and lighting, safety and personal protective equipment, material handling, motors and power transmission, plumbing and HVAC, fasteners and adhesives, hand and power tools, and janitorial and facility supplies.