W.W. Grainger (NYSE:GWW) Given New $1,400.00 Price Target at Morgan Stanley

W.W. Grainger (NYSE:GWW) had its price objective increased by stock analysts at Morgan Stanley from $1,300.00 to $1,400.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s price target indicates a potential upside of 6.53% from the stock’s current price.

Other analysts also recently issued research reports about the stock. DA Davidson lifted their price target on shares of W.W. Grainger from $1,250.00 to $1,260.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. Royal Bank Of Canada reduced their price objective on shares of W.W. Grainger from $1,460.00 to $1,428.00 and set a “sector perform” rating for the company in a report on Wednesday, August 5th. Wolfe Research raised shares of W.W. Grainger from an “underperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Finally, Oppenheimer upped their target price on shares of W.W. Grainger from $1,350.00 to $1,375.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $1,286.62.

W.W. Grainger Stock Up 0.1%

NYSE:GWW traded up $1.91 on Monday, hitting $1,314.14. The stock had a trading volume of 57,138 shares, compared to its average volume of 282,511. The business’s fifty day moving average is $1,344.74 and its 200 day moving average is $1,230.47. The company has a market cap of $61.90 billion, a PE ratio of 33.50, a P/E/G ratio of 2.33 and a beta of 1.04. The company has a quick ratio of 1.70, a current ratio of 2.81 and a debt-to-equity ratio of 0.53. W.W. Grainger has a 52 week low of $906.52 and a 52 week high of $1,419.91.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $12.01 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 firm had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the previous year, the company posted $9.97 earnings per share. The company’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. On average, equities research analysts expect that W.W. Grainger will post 46.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System grew its position in W.W. Grainger by 125,753.8% during the second quarter. California State Teachers Retirement System now owns 89,436,777 shares of the industrial products company’s stock valued at $121,669,791,000 after buying an additional 89,365,713 shares during the period. BlackRock Inc. bought a new stake in W.W. Grainger in the second quarter worth about $6,303,024,000. Wellington Management Group LLP boosted its stake in W.W. Grainger by 1,462.1% in the fourth quarter. Wellington Management Group LLP now owns 1,071,854 shares of the industrial products company’s stock valued at $1,081,554,000 after acquiring an additional 1,003,237 shares during the last quarter. Norges Bank bought a new position in shares of W.W. Grainger during the 4th quarter valued at approximately $518,958,000. Finally, Bank of America Corp DE purchased a new stake in shares of W.W. Grainger during the 2nd quarter worth approximately $621,127,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.

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.