W.W. Grainger (NYSE:GWW) Given New $1,035.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has lowered its price target for W.W. Grainger from $1,125.00 to $1,035.00, maintaining a "neutral" rating on the stock.
• Other analysts have also adjusted their ratings, with Royal Bank of Canada setting a price objective of $1,007.00 and Morgan Stanley lowering theirs to $1,160.00.
• W.W. Grainger reported earnings of $9.97 per share for the last quarter, slightly missing analyst expectations, although quarterly revenue increased by 5.6% year-over-year.

W.W. Grainger (NYSE:GWW - Free Report) had its price objective decreased by JPMorgan Chase & Co. from $1,125.00 to $1,035.00 in a research note issued to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the industrial products company's stock.

GWW has been the topic of a number of other reports. Royal Bank Of Canada decreased their price target on W.W. Grainger from $1,176.00 to $1,007.00 and set a "sector perform" rating on the stock in a research report on Monday, August 4th. Morgan Stanley decreased their price target on W.W. Grainger from $1,215.00 to $1,160.00 and set an "equal weight" rating on the stock in a research report on Friday, July 11th. Finally, Loop Capital decreased their price target on W.W. Grainger from $1,000.00 to $950.00 and set a "hold" rating on the stock in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, W.W. Grainger has a consensus rating of "Hold" and a consensus target price of $1,069.13.

W.W. Grainger Price Performance

Shares of W.W. Grainger stock traded down $34.44 during midday trading on Thursday, hitting $993.59. 416,031 shares of the company were exchanged, compared to its average volume of 275,453. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.82 and a quick ratio of 1.64. The firm has a market cap of $47.52 billion, a P/E ratio of 25.21, a PEG ratio of 2.88 and a beta of 1.18. W.W. Grainger has a 52 week low of $893.99 and a 52 week high of $1,227.66. The firm has a 50 day simple moving average of $1,012.87 and a 200-day simple moving average of $1,019.12.

W.W. Grainger (NYSE:GWW - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 EPS for the quarter, missing analysts' consensus estimates of $10.07 by ($0.10). The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.52 billion. W.W. Grainger had a return on equity of 49.63% and a net margin of 10.99%.The firm's revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $9.76 earnings per share. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Research analysts forecast that W.W. Grainger will post 40.3 earnings per share for the current year.

W.W. Grainger Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 11th were given a $2.26 dividend. This represents a $9.04 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, August 11th. W.W. Grainger's payout ratio is 22.94%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GWW. Brighton Jones LLC boosted its stake in W.W. Grainger by 46.8% in the fourth quarter. Brighton Jones LLC now owns 320 shares of the industrial products company's stock valued at $338,000 after acquiring an additional 102 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in shares of W.W. Grainger by 68.9% during the fourth quarter. Aptus Capital Advisors LLC now owns 461 shares of the industrial products company's stock worth $485,000 after purchasing an additional 188 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of W.W. Grainger during the fourth quarter worth $1,018,000. Captrust Financial Advisors grew its stake in shares of W.W. Grainger by 1.2% during the fourth quarter. Captrust Financial Advisors now owns 5,191 shares of the industrial products company's stock worth $5,471,000 after purchasing an additional 61 shares during the period. Finally, Centiva Capital LP grew its stake in shares of W.W. Grainger by 125.2% during the fourth quarter. Centiva Capital LP now owns 1,727 shares of the industrial products company's stock worth $1,820,000 after purchasing an additional 960 shares during the period. Institutional investors own 80.70% of the company's stock.

About W.W. Grainger

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.