W.W. Grainger (NYSE:GWW – Get Free Report) had its price objective upped by analysts at Barclays from $1,047.00 to $1,171.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the industrial products company’s stock. Barclays‘s target price indicates a potential downside of 5.21% from the company’s current price.
Other equities research analysts have also recently issued reports about the company. Oppenheimer raised their price target on W.W. Grainger from $1,250.00 to $1,300.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. increased their target price on W.W. Grainger from $1,100.00 to $1,165.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Morgan Stanley raised their target price on W.W. Grainger from $1,100.00 to $1,190.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada lifted their price target on W.W. Grainger from $1,170.00 to $1,337.00 and gave the company a “sector perform” rating in a report on Friday. Finally, Sanford C. Bernstein upped their price target on shares of W.W. Grainger from $1,052.00 to $1,125.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, W.W. Grainger currently has a consensus rating of “Hold” and a consensus target price of $1,199.13.
Read Our Latest Research Report on GWW
W.W. Grainger Price Performance
W.W. Grainger (NYSE:GWW – Get Free Report) last posted its earnings results on Thursday, May 7th. The industrial products company reported $11.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.21 by $1.44. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.58 billion. W.W. Grainger had a net margin of 9.70% and a return on equity of 47.87%. W.W. Grainger’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.86 earnings per share. W.W. Grainger has set its FY 2026 guidance at 44.250-46.250 EPS. Equities research analysts expect that W.W. Grainger will post 45.11 EPS for the current fiscal year.
Insider Transactions at W.W. Grainger
In related news, CFO Deidra C. Merriwether sold 2,339 shares of W.W. Grainger stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $1,064.73, for a total value of $2,490,403.47. Following the completion of the sale, the chief financial officer directly owned 10,235 shares in the company, valued at $10,897,511.55. This trade represents a 18.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.30% of the stock is currently owned by corporate insiders.
Institutional Trading of W.W. Grainger
A number of institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in shares of W.W. Grainger by 1,462.1% during the fourth quarter. Wellington Management Group LLP now owns 1,071,854 shares of the industrial products company’s stock worth $1,081,554,000 after purchasing an additional 1,003,237 shares during the period. Norges Bank bought a new position in W.W. Grainger during the fourth quarter worth about $518,958,000. Northwestern Mutual Wealth Management Co. lifted its holdings in W.W. Grainger by 34,269.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 435,466 shares of the industrial products company’s stock worth $439,407,000 after acquiring an additional 434,199 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in W.W. Grainger by 61.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,027,286 shares of the industrial products company’s stock valued at $1,036,584,000 after acquiring an additional 389,589 shares during the period. Finally, Sustainable Growth Advisers LP bought a new stake in shares of W.W. Grainger in the third quarter worth about $239,597,000. Institutional investors and hedge funds own 80.70% of the company’s stock.
W.W. Grainger Company Profile
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.
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