W.W. Grainger (NYSE:GWW) Given New $1,260.00 Price Target at DA Davidson

W.W. Grainger (NYSE:GWW) had its target price lifted by research analysts at DA Davidson from $1,250.00 to $1,260.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. DA Davidson’s price target would suggest a potential downside of 1.70% from the stock’s current price.

Several other research analysts also recently commented on GWW. Wolfe Research raised W.W. Grainger from an “underperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Wall Street Zen cut W.W. Grainger from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Sanford C. Bernstein upped their price objective on shares of W.W. Grainger from $1,052.00 to $1,125.00 and gave the company a “market perform” rating in a report on Tuesday, April 21st. Royal Bank Of Canada reduced their price target on W.W. Grainger from $1,460.00 to $1,428.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Finally, Barclays reduced their price objective on shares of W.W. Grainger from $1,171.00 to $1,166.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $1,271.75.

W.W. Grainger Trading Down 0.3%

Shares of NYSE:GWW traded down $3.29 during midday trading on Thursday, reaching $1,281.79. The company’s stock had a trading volume of 301,388 shares, compared to its average volume of 288,488. The firm has a market cap of $60.51 billion, a price-to-earnings ratio of 32.68, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04. W.W. Grainger has a 1 year low of $906.52 and a 1 year high of $1,419.91. The company has a quick ratio of 1.60, a current ratio of 2.81 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $1,340.67 and a 200 day moving average price of $1,210.29.

W.W. Grainger (NYSE:GWW) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share for the quarter, topping analysts’ consensus estimates of $11.30 by $0.71. The company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.96 billion. W.W. Grainger had a net margin of 9.92% and a return on equity of 48.73%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $9.97 EPS. W.W. Grainger has set its FY 2026 guidance at 45.500-47.250 EPS. Research analysts forecast that W.W. Grainger will post 45.92 EPS for the current year.

Insider Activity at W.W. Grainger

In other news, VP Laurie R. Thomson sold 313 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,231.69, for a total value of $385,518.97. Following the transaction, the vice president directly owned 399 shares in the company, valued at approximately $491,444.31. This represents a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Paige K. Robbins sold 1,457 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,232.29, for a total value of $1,795,446.53. Following the transaction, the vice president owned 2,232 shares in the company, valued at $2,750,471.28. The trade was a 39.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,624 shares of company stock worth $3,232,291. Company insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On W.W. Grainger

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GWW. Wellington Management Group LLP boosted its position in W.W. Grainger by 1,462.1% in the 4th 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 in the last quarter. Norges Bank acquired a new stake in shares of W.W. Grainger during the 4th quarter valued at about $518,958,000. Northwestern Mutual Wealth Management Co. boosted its position 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 purchasing 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 4th 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 acquired a new position in W.W. Grainger during the third quarter worth $239,597,000. Hedge funds and other institutional investors 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.