W.W. Grainger (NYSE:GWW) Stock Price Target Cut by Royal Bank Of Canada

W.W. Grainger (NYSE:GWW) had its price objective cut by research analysts at Royal Bank Of Canada from $1,428.00 to $1,427.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “sector perform” rating on the industrial products company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 10.36% from the stock’s current price.

A number of other research analysts have also commented on the company. Stephens lowered W.W. Grainger from an “overweight” rating to an “equal weight” rating and set a $1,355.00 price target for the company. in a research report on Tuesday, July 14th. Oppenheimer lifted their price objective on 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. Wall Street Zen raised W.W. Grainger from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson upped their target price on W.W. Grainger from $1,250.00 to $1,260.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Morgan Stanley upped their target price on W.W. Grainger from $1,300.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday, August 24th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $1,253.85.

W.W. Grainger Trading Down 2.4%

Shares of NYSE:GWW traded down $32.04 during midday trading on Wednesday, hitting $1,293.06. 74,988 shares of the stock traded hands, compared to its average volume of 276,527. 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 business’s 50 day moving average is $1,290.19 and its two-hundred day moving average is $1,273.39. The stock has a market capitalization of $60.90 billion, a PE ratio of 32.87, a P/E/G ratio of 2.32 and a beta of 1.01. W.W. Grainger has a one year low of $906.52 and a one year high of $1,419.91.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.96 billion. During the same period last year, the firm earned $9.97 earnings per share. W.W. Grainger’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. As a group, research analysts forecast that W.W. Grainger will post 46.27 earnings per share for the current year.

Institutional Trading of W.W. Grainger

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of W.W. Grainger during the 2nd quarter valued at $6,303,024,000. Bank of America Corp DE raised its holdings in W.W. Grainger by 4.5% in the 1st quarter. Bank of America Corp DE now owns 527,969 shares of the industrial products company’s stock worth $575,914,000 after purchasing an additional 22,731 shares during the period. Dimensional Fund Advisors LP raised its holdings in W.W. Grainger by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 409,142 shares of the industrial products company’s stock worth $446,210,000 after purchasing an additional 9,743 shares during the period. Amundi raised its holdings in W.W. Grainger by 24.1% in the 2nd quarter. Amundi now owns 363,308 shares of the industrial products company’s stock worth $494,244,000 after purchasing an additional 70,451 shares during the period. Finally, Legal & General Group Plc purchased a new position in W.W. Grainger during the second quarter valued at $407,051,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

W.W. Grainger Company Profile

W.W. Grainger, Inc is a distributor of maintenance, repair and operating (MRO) products and related services. The company serves businesses, government organizations and other institutions that need supplies to maintain facilities, equipment and operations.

Its product offerings include tools, safety equipment, cleaning and maintenance supplies, material-handling products, electrical and plumbing components, lighting, heating and cooling equipment, and other industrial and facility-management products.