W.W. Grainger (NYSE:GWW) Price Target Raised to $1,050.00 at Royal Bank Of Canada

W.W. Grainger (NYSE:GWW) had its target price increased by Royal Bank Of Canada from $1,006.00 to $1,050.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a sector perform rating on the industrial products company’s stock.

Other analysts have also recently issued reports about the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of W.W. Grainger in a research note on Thursday, October 30th. Loop Capital decreased their price target on shares of W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating on the stock in a research note on Monday, August 4th. Morgan Stanley decreased their price target on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating on the stock in a research note on Friday, July 11th. Barclays started coverage on shares of W.W. Grainger in a research note on Wednesday, October 8th. They set an “underweight” rating and a $963.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, W.W. Grainger presently has a consensus rating of “Hold” and a consensus target price of $1,059.86.

W.W. Grainger Price Performance

Shares of W.W. Grainger stock opened at $965.33 on Monday. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $46.17 billion, a price-to-earnings ratio of 24.49, a P/E/G ratio of 2.79 and a beta of 1.17. W.W. Grainger has a 1-year low of $893.99 and a 1-year high of $1,227.66. The firm’s 50-day moving average price is $978.37 and its two-hundred day moving average price is $1,015.94.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Friday, October 31st. The industrial products company reported $10.21 EPS for the quarter, beating the consensus estimate of $9.95 by $0.26. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. The business had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same period in the prior year, the firm earned $9.87 earnings per share. W.W. Grainger’s revenue was up 6.1% compared to the same quarter last year. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. On average, equities analysts predict that W.W. Grainger will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 10th will be issued a $2.26 dividend. The ex-dividend date is Monday, November 10th. This represents a $9.04 annualized dividend and a yield of 0.9%. W.W. Grainger’s dividend payout ratio (DPR) is 25.35%.

Insiders Place Their Bets

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $992.86, for a total value of $496,430.00. Following the sale, the senior vice president directly owned 1,771 shares in the company, valued at approximately $1,758,355.06. This trade represents a 22.02% 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. Company insiders own 6.10% of the company’s stock.

Institutional Investors Weigh In On W.W. Grainger

Several hedge funds have recently bought and sold shares of the company. Arizona State Retirement System raised its holdings in W.W. Grainger by 0.9% in the third quarter. Arizona State Retirement System now owns 13,490 shares of the industrial products company’s stock worth $12,855,000 after purchasing an additional 115 shares during the period. Trifecta Capital Advisors LLC raised its holdings in W.W. Grainger by 25.5% in the third quarter. Trifecta Capital Advisors LLC now owns 64 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 13 shares during the period. Pittenger & Anderson Inc. raised its holdings in W.W. Grainger by 28.2% in the third quarter. Pittenger & Anderson Inc. now owns 910 shares of the industrial products company’s stock worth $867,000 after purchasing an additional 200 shares during the period. Banyan Capital Management Inc. acquired a new stake in W.W. Grainger in the third quarter worth $662,000. Finally, AE Wealth Management LLC raised its holdings in shares of W.W. Grainger by 3.3% during the third quarter. AE Wealth Management LLC now owns 758 shares of the industrial products company’s stock worth $722,000 after acquiring an additional 24 shares during the period. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Company Profile

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.