Barclays Cuts W.W. Grainger (NYSE:GWW) Price Target to $1,172.00

W.W. Grainger (NYSE:GWW) had its price objective decreased by Barclays from $1,185.00 to $1,172.00 in a research report report published on Friday morning,Benzinga reports. Barclays currently has an underweight rating on the industrial products company’s stock.

Several other equities analysts have also recently issued reports on the stock. Weiss Ratings raised shares of W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. DA Davidson raised their target price on shares of W.W. Grainger from $1,250.00 to $1,260.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Wolfe Research began coverage on shares of W.W. Grainger in a research note on Tuesday, September 15th. They issued a “peer perform” rating for the company. Oppenheimer lifted their target price on shares of W.W. Grainger from $1,350.00 to $1,375.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Morgan Stanley boosted their price target on shares of W.W. Grainger from $1,300.00 to $1,400.00 and gave the stock an “equal weight” rating in a research note on Monday, August 24th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1,285.00.

W.W. Grainger Stock Down 0.1%

GWW opened at $1,241.30 on Friday. W.W. Grainger has a 52 week low of $906.52 and a 52 week high of $1,419.91. The business has a 50 day moving average price of $1,311.55 and a two-hundred day moving average price of $1,255.76. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.53. The company has a market cap of $58.47 billion, a PE ratio of 31.65, a P/E/G ratio of 2.20 and a beta of 1.03.

W.W. Grainger (NYSE:GWW) last released 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. W.W. Grainger had a return on equity of 48.73% and a net margin of 9.92%.The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.96 billion. During the same quarter in the previous year, the company posted $9.97 earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. W.W. Grainger has set its FY 2026 guidance at 45.500-47.250 EPS. As a group, research analysts anticipate that W.W. Grainger will post 46.24 EPS for the current year.

W.W. Grainger Announces Dividend

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

Institutional Investors Weigh In On W.W. Grainger

Several institutional investors have recently made changes to their positions in the stock. Continuum Advisory LLC purchased a new position in shares of W.W. Grainger in the 2nd quarter valued at about $34,000. Elevation Wealth Partners LLC boosted its holdings 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 buying an additional 21 shares in the last quarter. EFG International AG purchased a new stake in W.W. Grainger during the second quarter worth about $37,000. MV Capital Management Inc. acquired a new position in W.W. Grainger during the fourth quarter worth about $28,000. Finally, Caitlin John LLC acquired a new position in W.W. Grainger during the second quarter worth about $48,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

About W.W. Grainger

W.W. Grainger, Inc is a distributor of maintenance, repair and operating (MRO) products and related services. The company serves businesses, government agencies and other organizations that need supplies to maintain facilities, equipment and operations. Its product categories include tools, safety equipment, material handling products, cleaning and maintenance supplies, electrical and lighting products, plumbing supplies, HVAC equipment and fasteners.

Founded in 1927 by William W. Grainger, the company has grown from a regional electrical-equipment distributor into a global MRO provider.