Interchange Capital Partners LLC Invests $76,000 in W.W. Grainger, Inc. $GWW

Interchange Capital Partners LLC acquired a new position in shares of W.W. Grainger, Inc. (NYSE:GWW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 73 shares of the industrial products company’s stock, valued at approximately $76,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in W.W. Grainger by 3.3% during the 2nd quarter. Brighton Jones LLC now owns 313 shares of the industrial products company’s stock worth $326,000 after acquiring an additional 10 shares during the last quarter. MQS Management LLC grew its holdings in W.W. Grainger by 6.6% during the 2nd quarter. MQS Management LLC now owns 1,057 shares of the industrial products company’s stock worth $1,100,000 after acquiring an additional 65 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs grew its holdings in W.W. Grainger by 5.4% during the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 1,835 shares of the industrial products company’s stock worth $1,909,000 after acquiring an additional 94 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in W.W. Grainger by 1.5% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 14,368 shares of the industrial products company’s stock worth $14,946,000 after acquiring an additional 211 shares during the last quarter. Finally, Sage Mountain Advisors LLC grew its holdings in W.W. Grainger by 8.4% during the 2nd quarter. Sage Mountain Advisors LLC now owns 298 shares of the industrial products company’s stock worth $310,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

W.W. Grainger Stock Up 0.5%

Shares of NYSE:GWW opened at $968.57 on Monday. The company has a 50 day moving average price of $982.38 and a two-hundred day moving average price of $1,016.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 2.82. The company has a market capitalization of $46.33 billion, a PE ratio of 24.58, a PEG ratio of 2.82 and a beta of 1.17. W.W. Grainger, Inc. has a 52 week low of $893.99 and a 52 week high of $1,227.66.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.07 by ($0.10). The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.52 billion. W.W. Grainger had a net margin of 10.99% and a return on equity of 49.63%. W.W. Grainger’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $9.76 EPS. W.W. Grainger has set its FY 2025 guidance at 38.500-40.250 EPS. Analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, August 11th were given a dividend of $2.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 0.9%. W.W. Grainger’s dividend payout ratio (DPR) is currently 22.94%.

Wall Street Analyst Weigh In

GWW has been the topic of a number of research analyst reports. Royal Bank Of Canada decreased their price objective on shares of W.W. Grainger from $1,176.00 to $1,007.00 and set a “sector perform” rating on the stock in a report on Monday, August 4th. Morgan Stanley cut their target price on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating on the stock in a research report on Friday, July 11th. Barclays assumed coverage on shares of W.W. Grainger in a research report on Wednesday, October 8th. They set an “underweight” rating and a $963.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Finally, Loop Capital cut their target price on shares of W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating on the stock in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $1,053.71.

Insider Activity

In related news, SVP Jonny M. Leroy sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $992.86, for a total value of $496,430.00. Following the completion of the transaction, the senior vice president directly owned 1,771 shares in the company, valued at approximately $1,758,355.06. The trade was a 22.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.10% of the company’s stock.

W.W. Grainger Company Profile

W.W. Grainger, Inc, together with its subsidiaries, distributes maintenance, repair, and operating products and services primarily in North America, Japan, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. The company provides safety, security, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance, and metalworking and hand tools.