Toronto Dominion Bank Boosts Holdings in W W Grainger Inc (GWW)

Toronto Dominion Bank grew its holdings in W W Grainger Inc (NYSE:GWW) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,511 shares of the industrial products company’s stock after acquiring an additional 2,470 shares during the period. Toronto Dominion Bank’s holdings in W W Grainger were worth $5,318,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. Longview Partners Guernsey LTD grew its stake in shares of W W Grainger by 3.1% in the fourth quarter. Longview Partners Guernsey LTD now owns 5,157,790 shares of the industrial products company’s stock worth $1,218,528,000 after acquiring an additional 156,313 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of W W Grainger by 13.0% during the third quarter. Mackenzie Financial Corp now owns 2,103,608 shares of the industrial products company’s stock worth $378,124,000 after purchasing an additional 242,827 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of W W Grainger by 224.7% during the third quarter. Ameriprise Financial Inc. now owns 1,225,728 shares of the industrial products company’s stock worth $220,325,000 after purchasing an additional 848,192 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of W W Grainger by 6.1% during the third quarter. Neuberger Berman Group LLC now owns 904,416 shares of the industrial products company’s stock worth $162,569,000 after purchasing an additional 51,995 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of W W Grainger by 81.0% during the third quarter. Bank of New York Mellon Corp now owns 730,951 shares of the industrial products company’s stock worth $131,388,000 after purchasing an additional 327,085 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

In other W W Grainger news, VP Laura D. Brown sold 9,158 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $232.86, for a total value of $2,132,531.88. Following the completion of the transaction, the vice president now owns 16,893 shares in the company, valued at $3,933,703.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John L. Howard sold 21,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $220.56, for a total transaction of $4,631,760.00. The disclosure for this sale can be found here. Insiders sold 30,258 shares of company stock valued at $6,790,898 in the last 90 days. 9.60% of the stock is currently owned by insiders.

W W Grainger Inc (GWW) opened at $263.61 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 1.23. W W Grainger Inc has a 12 month low of $155.00 and a 12 month high of $298.14. The stock has a market cap of $15,021.78, a price-to-earnings 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 released its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm posted $2.45 earnings per share. W W Grainger’s revenue for the quarter was up 6.5% on a year-over-year basis. equities research analysts forecast that W W Grainger Inc will post 13.81 EPS for the current fiscal year.

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

A number of brokerages recently commented on GWW. BMO Capital Markets boosted their target price on shares of W W Grainger from $224.00 to $235.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Stifel Nicolaus reiterated a “hold” rating and set a $278.00 target price on shares of W W Grainger in a research note on Friday, January 26th. Zacks Investment Research upgraded shares of W W Grainger from a “hold” rating to a “buy” rating and set a $319.00 target price for the company in a research note on Tuesday, January 30th. Oppenheimer boosted their target price on shares of W W Grainger from $245.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Wells Fargo & Co boosted their target price on shares of W W Grainger from $220.00 to $260.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $234.38.

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W W Grainger Profile

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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