W.W. Grainger (NYSE:GWW) Price Target Raised to $1,460.00 at Royal Bank Of Canada

W.W. Grainger (NYSE:GWW) had its target price raised by equities researchers at Royal Bank Of Canada from $1,337.00 to $1,460.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the industrial products company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 4.42% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Wall Street Zen upgraded W.W. Grainger from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Stephens lowered shares of W.W. Grainger from an “overweight” rating to an “equal weight” rating and set a $1,355.00 price objective on the stock. in a report on Tuesday. Morgan Stanley boosted their target price on shares of W.W. Grainger from $1,190.00 to $1,300.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. 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. Finally, Weiss Ratings downgraded shares of W.W. Grainger from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1,230.11.

W.W. Grainger Trading Up 1.9%

Shares of W.W. Grainger stock traded up $26.70 during mid-day trading on Thursday, hitting $1,398.14. 19,038 shares of the stock were exchanged, compared to its average volume of 282,490. W.W. Grainger has a twelve month low of $906.52 and a twelve month high of $1,405.72. The stock has a market capitalization of $66.01 billion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 2.53 and a beta of 1.03. The company has a 50-day simple moving average of $1,305.76 and a 200 day simple moving average of $1,174.54. The company has a current ratio of 2.69, a quick ratio of 1.60 and a debt-to-equity ratio of 0.55.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings data on Thursday, May 7th. The industrial products company reported $11.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.21 by $1.44. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.58 billion. W.W. Grainger had a net margin of 9.70% and a return on equity of 47.87%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.86 earnings per share. W.W. Grainger has set its FY 2026 guidance at 44.250-46.250 EPS. Research analysts forecast that W.W. Grainger will post 45.45 EPS for the current year.

Insider Buying and Selling at W.W. Grainger

In other news, VP Paige K. Robbins sold 1,457 shares of the firm’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 transaction, the vice president owned 2,232 shares of the company’s stock, valued at approximately $2,750,471.28. This trade represents a 39.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jonny M. Leroy sold 854 shares of W.W. Grainger stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,231.06, for a total transaction of $1,051,325.24. Following the transaction, the senior vice president owned 1,554 shares in the company, valued at $1,913,067.24. The trade was a 35.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,624 shares of company stock valued at $3,232,291 over the last ninety days. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Insight Wealth Strategies LLC grew its stake in shares of W.W. Grainger by 1.2% in the second quarter. Insight Wealth Strategies LLC now owns 5,341 shares of the industrial products company’s stock valued at $7,147,000 after buying an additional 64 shares in the last quarter. Tema ETFs LLC lifted its position in W.W. Grainger by 10.1% during the 2nd quarter. Tema ETFs LLC now owns 1,585 shares of the industrial products company’s stock worth $2,156,000 after acquiring an additional 145 shares in the last quarter. E. Ohman J or Asset Management AB lifted its position in W.W. Grainger by 1.1% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 35,180 shares of the industrial products company’s stock worth $47,859,000 after acquiring an additional 399 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in W.W. Grainger by 48.5% in the 2nd quarter. Handelsbanken Fonder AB now owns 22,328 shares of the industrial products company’s stock worth $30,375,000 after acquiring an additional 7,297 shares during the period. Finally, Vista Investment Partners LLC grew its position in W.W. Grainger by 3.4% in the second quarter. Vista Investment Partners LLC now owns 3,519 shares of the industrial products company’s stock valued at $4,787,000 after acquiring an additional 116 shares in the last quarter. 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.