W.W. Grainger (NYSE:GWW) Given New $1,166.00 Price Target at Barclays

W.W. Grainger (NYSE:GWW) had its price objective reduced by equities researchers at Barclays from $1,171.00 to $1,166.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the industrial products company’s stock. Barclays‘s price objective would indicate a potential downside of 13.23% from the company’s current price.

Several other equities research analysts have also weighed in on the stock. Royal Bank Of Canada upped their target price on shares of W.W. Grainger from $1,170.00 to $1,337.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Wall Street Zen upgraded shares of W.W. Grainger from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Sanford C. Bernstein upped their price objective 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 note on Tuesday, April 21st. Morgan Stanley lifted 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 research note on Wednesday, May 27th. Finally, Stephens boosted their target price on W.W. Grainger from $1,300.00 to $1,355.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, W.W. Grainger presently has an average rating of “Hold” and an average target price of $1,216.44.

W.W. Grainger Trading Down 1.6%

Shares of GWW opened at $1,343.73 on Tuesday. W.W. Grainger has a 1 year low of $906.52 and a 1 year high of $1,377.08. The company has a current ratio of 2.69, a quick ratio of 1.60 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $1,237.43 and a 200-day simple moving average of $1,132.53. The stock has a market cap of $63.44 billion, a PE ratio of 36.14, a PEG ratio of 2.52 and a beta of 1.04.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Thursday, May 7th. The industrial products company reported $11.65 EPS for the quarter, beating the consensus estimate of $10.21 by $1.44. W.W. Grainger had a return on equity of 47.87% and a net margin of 9.70%.The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the previous year, the firm earned $9.86 EPS. W.W. Grainger’s quarterly revenue was up 10.1% on a year-over-year basis. W.W. Grainger has set its FY 2026 guidance at 44.250-46.250 EPS. On average, sell-side analysts predict that W.W. Grainger will post 45.39 EPS for the current fiscal year.

Insider Buying and Selling at W.W. Grainger

In other W.W. Grainger news, VP Laurie R. Thomson sold 313 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1,231.69, for a total transaction of $385,518.97. Following the sale, the vice president directly owned 399 shares of the company’s stock, valued at approximately $491,444.31. This represents a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Deidra C. Merriwether sold 1,488 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $1,114.28, for a total transaction of $1,658,048.64. Following the completion of the sale, the chief financial officer owned 10,541 shares of the company’s stock, valued at approximately $11,745,625.48. This represents a 12.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 4,112 shares of company stock worth $4,890,339. Company insiders own 6.30% 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. State Street Corp increased its position in W.W. Grainger by 1.2% during the fourth quarter. State Street Corp now owns 2,019,452 shares of the industrial products company’s stock worth $2,037,728,000 after buying an additional 23,399 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of W.W. Grainger by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,217,834 shares of the industrial products company’s stock worth $1,230,214,000 after acquiring an additional 10,533 shares during the period. Wellington Management Group LLP boosted its stake in shares of W.W. Grainger by 1,462.1% during the 4th quarter. Wellington Management Group LLP now owns 1,071,854 shares of the industrial products company’s stock worth $1,081,554,000 after acquiring an additional 1,003,237 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of W.W. Grainger by 61.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,027,286 shares of the industrial products company’s stock worth $1,036,584,000 after acquiring an additional 389,589 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of W.W. Grainger by 0.5% during the 3rd quarter. Northern Trust Corp now owns 659,158 shares of the industrial products company’s stock worth $628,151,000 after acquiring an additional 3,114 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

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.