Toronto Dominion Bank Increases Stake in W W Grainger Inc (GWW)

Toronto Dominion Bank grew its holdings in W W Grainger Inc (NYSE:GWW) by 12.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 22,511 shares of the industrial products company’s stock after buying an additional 2,470 shares during the period. Toronto Dominion Bank’s holdings in W W Grainger were worth $5,318,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GWW. Tredje AP fonden raised its holdings in W W Grainger by 32.2% during the third quarter. Tredje AP fonden now owns 3,450 shares of the industrial products company’s stock worth $620,000 after purchasing an additional 840 shares in the last quarter. MU Investments Co. Ltd. raised its holdings in W W Grainger by 29.2% during the fourth quarter. MU Investments Co. Ltd. now owns 24,800 shares of the industrial products company’s stock worth $5,901,000 after purchasing an additional 5,600 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in W W Grainger by 4.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,728 shares of the industrial products company’s stock worth $3,007,000 after purchasing an additional 550 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in W W Grainger by 47.1% during the third quarter. Pinebridge Investments L.P. now owns 5,128 shares of the industrial products company’s stock worth $921,000 after purchasing an additional 1,642 shares in the last quarter. Finally, TD Asset Management Inc. raised its holdings in W W Grainger by 13.8% during the third quarter. TD Asset Management Inc. now owns 476,761 shares of the industrial products company’s stock worth $85,698,000 after purchasing an additional 57,957 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently issued reports on GWW shares. Royal Bank of Canada increased their price target on shares of W W Grainger from $146.00 to $148.00 and gave the stock an “underperform” rating in a report on Tuesday, November 7th. Oppenheimer reissued a “buy” rating and set a $245.00 price target on shares of W W Grainger in a report on Monday, November 13th. Stephens reissued a “hold” rating and set a $264.00 price target on shares of W W Grainger in a report on Thursday, January 25th. Zacks Investment Research cut shares of W W Grainger from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 16th. Finally, KeyCorp reissued a “hold” rating on shares of W W Grainger in a report on Monday, November 13th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. W W Grainger currently has an average rating of “Hold” and a consensus price target of $234.38.

In other news, VP John L. Howard sold 21,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $220.56, for a total value of $4,631,760.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lucas E. Watson purchased 195 shares of the stock in a transaction dated Monday, February 5th. The stock was acquired at an average price of $256.51 per share, for a total transaction of $50,019.45. The disclosure for this purchase can be found here. Insiders sold 30,258 shares of company stock worth $6,790,898 over the last quarter. Company insiders own 9.60% of the company’s stock.

W W Grainger Inc (NYSE:GWW) opened at $263.61 on Wednesday. The company has a current ratio of 2.13, a quick ratio of 1.18 and a debt-to-equity ratio of 1.23. W W Grainger Inc has a 1 year low of $155.00 and a 1 year high of $298.14. The firm has a market cap of $15,021.78, a PE ratio of 26.31, a price-to-earnings-growth ratio of 1.99 and a beta of 0.88.

W W Grainger (NYSE:GWW) last issued its earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.76. W W Grainger had a net margin of 5.62% and a return on equity of 35.76%. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the business posted $2.45 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. equities analysts anticipate that W W Grainger Inc will post 13.81 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be given a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $5.12 annualized dividend and a yield of 1.94%. W W Grainger’s payout ratio is currently 51.10%.

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About W W Grainger

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

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Institutional Ownership by Quarter for W W Grainger (NYSE:GWW)

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