W.W. Grainger (NYSE:GWW) Price Target Raised to $1,400.00

W.W. Grainger (NYSE:GWW) had its price target hoisted by Morgan Stanley from $1,300.00 to $1,400.00 in a research report released on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the industrial products company’s stock.

Several other brokerages have also recently weighed in on GWW. Oppenheimer upped their price target on shares of W.W. Grainger from $1,350.00 to $1,375.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada cut their price objective on shares of W.W. Grainger from $1,460.00 to $1,428.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th. DA Davidson upped their target price on W.W. Grainger from $1,250.00 to $1,260.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Stephens cut W.W. Grainger from an “overweight” rating to an “equal weight” rating and set a $1,355.00 target price on the stock. in a research report on Tuesday, July 14th. Finally, Wolfe Research upgraded W.W. Grainger from an “underperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,286.62.

W.W. Grainger Price Performance

GWW opened at $1,337.59 on Monday. The company has a market capitalization of $63.00 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 2.32 and a beta of 1.04. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.53. W.W. Grainger has a 12-month low of $906.52 and a 12-month high of $1,419.91. The business’s fifty day simple moving average is $1,345.00 and its 200-day simple moving average is $1,233.47.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share for the quarter, beating the consensus estimate of $11.30 by $0.71. W.W. Grainger had a return on equity of 48.73% and a net margin of 9.92%.The firm had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same period in the previous year, the company posted $9.97 earnings per share. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. W.W. Grainger has set its FY 2026 guidance at 45.500-47.250 EPS. On average, equities research analysts anticipate that W.W. Grainger will post 46.1 earnings per share 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. Stockholders of record on Monday, August 10th will be given a dividend of $2.49 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $9.96 dividend on an annualized basis and a dividend yield of 0.7%. W.W. Grainger’s dividend payout ratio is presently 25.40%.

Institutional Trading of W.W. Grainger

A number of institutional investors have recently made changes to their positions in GWW. California State Teachers Retirement System boosted its holdings in W.W. Grainger by 125,753.8% in the second quarter. California State Teachers Retirement System now owns 89,436,777 shares of the industrial products company’s stock worth $121,669,791,000 after acquiring an additional 89,365,713 shares in the last quarter. BlackRock Inc. acquired a new position in shares of W.W. Grainger during the second quarter valued at about $6,303,024,000. Wellington Management Group LLP increased its holdings 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 valued at $1,081,554,000 after acquiring an additional 1,003,237 shares in the last quarter. Norges Bank purchased a new position in shares of W.W. Grainger in the 4th quarter valued at approximately $518,958,000. Finally, Bank of America Corp DE purchased a new position in shares of W.W. Grainger in the 2nd quarter valued at approximately $621,127,000. 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.