Interchange Capital Partners LLC Makes New Investment in W.W. Grainger, Inc. $GWW

Interchange Capital Partners LLC bought a new position in shares of W.W. Grainger, Inc. (NYSE:GWW) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 73 shares of the industrial products company’s stock, valued at approximately $76,000.

Several other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC raised 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 buying an additional 10 shares during the period. MQS Management LLC grew its stake in shares of 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 in the last quarter. AG2R LA Mondiale Gestion D Actifs grew its stake in shares of 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 in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of 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 in the last quarter. Finally, Sage Mountain Advisors LLC grew its stake in shares of 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 in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

W.W. Grainger Price Performance

NYSE:GWW opened at $968.57 on Monday. W.W. Grainger, Inc. has a 1-year low of $893.99 and a 1-year high of $1,227.66. The company has a current ratio of 2.82, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $982.38 and a 200 day simple moving average of $1,016.58. The stock has a market capitalization of $46.33 billion, a PE ratio of 24.58, a P/E/G ratio of 2.82 and a beta of 1.17.

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

W.W. Grainger Dividend Announcement

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

Insider Buying and Selling

In other W.W. Grainger news, SVP Jonny M. Leroy sold 500 shares of W.W. Grainger stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $992.86, for a total transaction of $496,430.00. Following the completion of the transaction, the senior vice president directly owned 1,771 shares of the company’s stock, valued at $1,758,355.06. The trade was a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays assumed coverage on shares of W.W. Grainger in a research note on Wednesday, October 8th. They set an “underweight” rating and a $963.00 price target for the company. Loop Capital decreased their price target on shares of W.W. Grainger from $1,000.00 to $950.00 and set a “hold” rating for the company in a research note on Monday, August 4th. Morgan Stanley decreased their price target on shares of W.W. Grainger from $1,215.00 to $1,160.00 and set an “equal weight” rating for the company in a research note on Friday, July 11th. JPMorgan Chase & Co. raised their price target on shares of W.W. Grainger from $1,035.00 to $1,050.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of W.W. Grainger in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $1,053.71.

W.W. Grainger 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.