W.W. Grainger (NYSE:GWW) Given New $1,100.00 Price Target at JPMorgan Chase & Co.

W.W. Grainger (NYSE:GWW) had its price target hoisted by stock analysts at JPMorgan Chase & Co. from $1,045.00 to $1,100.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 3.52% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Barclays raised their target price on W.W. Grainger from $963.00 to $975.00 and gave the stock an “underweight” rating in a research note on Friday, November 7th. Royal Bank Of Canada increased their price objective on W.W. Grainger from $1,006.00 to $1,050.00 and gave the stock a “sector perform” rating in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of W.W. Grainger in a research note on Monday, December 29th. Sanford C. Bernstein began coverage on W.W. Grainger in a report on Wednesday, November 12th. They set a “market perform” rating and a $975.00 target price for the company. Finally, Morgan Stanley dropped their price target on W.W. Grainger from $1,150.00 to $1,100.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $1,016.57.

W.W. Grainger Trading Down 0.1%

Shares of NYSE GWW traded down $0.75 during mid-day trading on Friday, hitting $1,062.56. The stock had a trading volume of 35,013 shares, compared to its average volume of 200,412. The business has a 50 day moving average price of $988.75 and a two-hundred day moving average price of $991.28. W.W. Grainger has a 1 year low of $893.99 and a 1 year high of $1,139.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.59 and a current ratio of 2.72. The firm has a market cap of $50.52 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 2.58 and a beta of 1.12.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Friday, October 31st. The industrial products company reported $10.21 earnings per share for the quarter, beating the consensus estimate of $9.95 by $0.26. The business had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.64 billion. W.W. Grainger had a net margin of 9.75% and a return on equity of 49.40%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.87 EPS. W.W. Grainger has set its FY 2025 guidance at 39.000-39.750 EPS. On average, equities analysts anticipate that W.W. Grainger will post 40.3 EPS for the current fiscal year.

Insider Transactions at W.W. Grainger

In related news, CEO Donald G. Macpherson sold 12,163 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $972.57, for a total value of $11,829,368.91. Following the completion of the transaction, the chief executive officer directly owned 103,885 shares in the company, valued at $101,035,434.45. This trade represents a 10.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Krantz Nancy L. Berardinelli sold 195 shares of W.W. Grainger stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $1,023.93, for a total transaction of $199,666.35. Following the transaction, the vice president directly owned 3,174 shares of the company’s stock, valued at approximately $3,249,953.82. This trade represents a 5.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,881 shares of company stock worth $26,157,155 over the last ninety days. Insiders own 6.10% of the company’s stock.

Hedge Funds Weigh In On W.W. Grainger

Several large investors have recently made changes to their positions in GWW. Vanguard Group Inc. grew its stake in shares of W.W. Grainger by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,731,880 shares of the industrial products company’s stock worth $5,462,252,000 after buying an additional 104,607 shares during the last quarter. State Street Corp boosted its holdings in W.W. Grainger by 0.7% in the third quarter. State Street Corp now owns 1,996,053 shares of the industrial products company’s stock worth $1,902,159,000 after acquiring an additional 13,779 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of W.W. Grainger by 1.9% in the second quarter. Geode Capital Management LLC now owns 1,260,610 shares of the industrial products company’s stock worth $1,306,289,000 after acquiring an additional 23,418 shares during the last quarter. Parnassus Investments LLC purchased a new stake in shares of W.W. Grainger in the third quarter worth $721,202,000. Finally, Northern Trust Corp increased its holdings in shares of W.W. Grainger by 0.5% during the third quarter. Northern Trust Corp now owns 659,158 shares of the industrial products company’s stock valued at $628,151,000 after acquiring an additional 3,114 shares in the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

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.