Analysts Offer Insights on Industrial Goods Companies: WW Grainger (GWW), Allegion (ALLE) and Union Pacific (UNP)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on WW Grainger (GWW – Research Report), Allegion (ALLE – Research Report) and Union Pacific (UNP – Research Report).

WW Grainger (GWW)

Robert W. Baird analyst David Manthey maintained a Buy rating on WW Grainger on April 25 and set a price target of $1000.00. The company’s shares closed last Monday at $934.50.

According to TipRanks.com, Manthey is a top 100 analyst with an average return of 17.8% and a 71.1% success rate. Manthey covers the Industrial Goods sector, focusing on stocks such as Applied Industrial Technologies, SiteOne Landscape Supply, and Beacon Roofing Supply.

Currently, the analyst consensus on WW Grainger is a Hold with an average price target of $1017.13, which is an 8.2% upside from current levels. In a report released yesterday, Stephens also upgraded the stock to Buy with a $1250.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Allegion (ALLE)

Robert W. Baird analyst Timothy Wojs maintained a Hold rating on Allegion on April 25 and set a price target of $145.00. The company’s shares closed last Monday at $124.81.

According to TipRanks.com, Wojs is a 5-star analyst with an average return of 8.3% and a 56.9% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, Stanley Black & Decker, and Masonite International.

Currently, the analyst consensus on Allegion is a Hold with an average price target of $135.25, which is a 9.1% upside from current levels. In a report issued on April 14, Wells Fargo also maintained a Hold rating on the stock with a $141.00 price target.

Union Pacific (UNP)

Robert W. Baird analyst Garrett Holland maintained a Buy rating on Union Pacific on April 25 and set a price target of $270.00. The company’s shares closed last Monday at $240.95.

According to TipRanks.com, Holland is a 3-star analyst with an average return of 1.0% and a 46.9% success rate. Holland covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Knight Transportation, and Old Dominion Freight.

Union Pacific has an analyst consensus of Moderate Buy, with a price target consensus of $264.00, implying an 8.5% upside from current levels. In a report issued on April 10, Bank of America Securities also maintained a Buy rating on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on GWW:

• GRAINGER REPORTS RESULTS FOR THE FIRST QUARTER 2024
• Grainger still sees 2024 EPS $38.00-$40.50, consensus $39.36
• Grainger reports Q1 EPS $9.62, consensus $9.62
• GRAINGER INCREASES QUARTERLY DIVIDEND BY 10%; REFRESHES SHARE REPURCHASE AUTHORIZATION
• Grainger boosts quarterly dividend by 10%, buyback to 5M shares