W.W. Grainger (NYSE:GWW) Price Target Cut to $1,427.00 by Analysts at Royal Bank Of Canada

Key Points

• Royal Bank of Canada lowered W.W. Grainger’s price target slightly from $1,428 to $1,427 while maintaining a “sector perform” rating, implying 10.36% upside from the prior close.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $1,253.85. Shares recently traded at $1,293.06, down $32.04.
• Grainger beat quarterly expectations, reporting $12.01 in EPS versus an $11.30 estimate and $5.02 billion in revenue, up 10.3% year over year; institutional investors own 80.70% of the stock.

W.W. Grainger (NYSE:GWW - Get Free Report) had its price target reduced by stock analysts at Royal Bank Of Canada from $1,428.00 to $1,427.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "sector perform" rating on the industrial products company's stock. Royal Bank Of Canada's target price suggests a potential upside of 10.36% from the company's previous close.

Several other research analysts have also commented on the company. Wall Street Zen raised W.W. Grainger from a "hold" rating to a "buy" rating in a report on Saturday. Jefferies Financial Group raised their target price on shares of W.W. Grainger from $1,150.00 to $1,300.00 and gave the company a "hold" rating in a research note on Monday, July 20th. Weiss Ratings upgraded shares of W.W. Grainger from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 17th. Morgan Stanley lifted their target price on shares of W.W. Grainger from $1,300.00 to $1,400.00 and gave the company an "equal weight" rating in a research report on Monday, August 24th. Finally, DA Davidson boosted their price target 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. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, W.W. Grainger currently has a consensus rating of "Hold" and an average price target of $1,253.85.

W.W. Grainger Price Performance

Shares of W.W. Grainger stock traded down $32.04 during trading on Wednesday, hitting $1,293.06. The stock had a trading volume of 74,988 shares, compared to its average volume of 276,527. The company has a current ratio of 2.81, a quick ratio of 1.70 and a debt-to-equity ratio of 0.53. W.W. Grainger has a 12 month low of $906.52 and a 12 month high of $1,419.91. The firm has a market cap of $60.90 billion, a price-to-earnings ratio of 32.87, a P/E/G ratio of 2.32 and a beta of 1.01. The business's 50-day moving average is $1,290.19 and its 200 day moving average is $1,273.39.

W.W. Grainger (NYSE:GWW - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $12.01 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.96 billion. During the same quarter last year, the company earned $9.97 earnings per share. The firm'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, sell-side analysts anticipate that W.W. Grainger will post 46.27 earnings per share for the current year.

Hedge Funds Weigh In On W.W. Grainger

Several institutional investors have recently modified their holdings of GWW. BlackRock Inc. bought a new stake in W.W. Grainger in the second quarter valued at approximately $6,303,024,000. Bank of America Corp DE bought a new position in shares of W.W. Grainger in the second quarter worth approximately $621,127,000. Legal & General Group Plc bought a new position in shares of W.W. Grainger in the second quarter worth approximately $407,051,000. Bank of New York Mellon Corp bought a new position in shares of W.W. Grainger in the second quarter worth approximately $324,824,000. Finally, Deutsche Bank AG purchased a new position in shares of W.W. Grainger in the second quarter worth $245,230,000. 80.70% of the stock is currently owned by 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 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.

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