Is W.W. Grainger (GWW) One of the Top 11 Dividend Kings to Buy for Safe Dividend Growth?

With a 5-Year Average Dividend Growth Rate of 8.34%, W.W. Grainger, Inc. (NYSE:GWW) is included among the Top 11 Dividend Kings to Buy for Safe Dividend Growth.

Is W.W. Grainger (GWW) One of the Top 11 Dividend Kings to Buy for Safe Dividend Growth?

On June 16, DA Davidson initiated coverage of W.W. Grainger, Inc. (NYSE:GWW) with a Neutral rating and a $1,250 price target. The firm said the company is expected to continue delivering above-market growth, supported by its endless assortment “flywheel.” DA Davidson noted that it sees a balanced risk/reward at current share levels, adding that Grainger’s gross margins face structural downward pressure.

On May 27, Morgan Stanley analyst Christopher Snyder raised the firm’s price target on Grainger to $1,300 from $1,190 and maintained an Equal Weight rating on the shares. The firm updated its estimates to reflect first-quarter results and rolled forward its forecasts.

W.W. Grainger, Inc. (NYSE:GWW) is a broadline distributor of maintenance, repair, and operating (MRO) products for businesses and institutions. The company’s segments include High-Touch Solutions North America (High-Touch Solutions N.A.) and Endless Assortment.

While we acknowledge the risk and potential of GWW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GWW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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