TD Asset Management Inc. lifted its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 476,761 shares of the industrial products company’s stock after buying an additional 57,957 shares during the quarter. TD Asset Management Inc. owned approximately 0.84% of W.W. Grainger worth $85,698,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GWW. PGGM Investments increased its position in shares of W.W. Grainger by 28.1% during the second quarter. PGGM Investments now owns 152,576 shares of the industrial products company’s stock worth $27,545,000 after purchasing an additional 33,513 shares in the last quarter. Breton Hill Capital Ltd. purchased a new stake in W.W. Grainger in the 2nd quarter valued at $331,000. Acadian Asset Management LLC grew its holdings in W.W. Grainger by 3,652.1% in the 2nd quarter. Acadian Asset Management LLC now owns 5,328 shares of the industrial products company’s stock valued at $962,000 after buying an additional 5,186 shares in the last quarter. Moody Lynn & Lieberson LLC purchased a new stake in W.W. Grainger in the 2nd quarter valued at $325,000. Finally, Strs Ohio grew its holdings in W.W. Grainger by 8.9% in the 2nd quarter. Strs Ohio now owns 6,128 shares of the industrial products company’s stock valued at $1,106,000 after buying an additional 501 shares in the last quarter. 86.01% of the stock is owned by institutional investors and hedge funds.

In other news, VP Paige K. Robbins sold 346 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $202.31, for a total transaction of $69,999.26. Following the completion of the transaction, the vice president now directly owns 8,400 shares in the company, valued at approximately $1,699,404. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Eric R. Tapia sold 190 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $208.26, for a total value of $39,569.40. Following the transaction, the vice president now owns 3,748 shares of the company’s stock, valued at $780,558.48. The disclosure for this sale can be found here. Corporate insiders own 9.60% of the company’s stock.

W.W. Grainger, Inc. (GWW) opened at $200.15 on Friday. The firm has a market capitalization of $11,419.43, a price-to-earnings ratio of 18.27, a PEG ratio of 1.93 and a beta of 0.78. The company has a current ratio of 2.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.19. W.W. Grainger, Inc. has a twelve month low of $155.00 and a twelve month high of $262.71.

W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.34. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.65 billion. W.W. Grainger had a return on equity of 34.25% and a net margin of 4.83%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.06 EPS. research analysts predict that W.W. Grainger, Inc. will post 10.71 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Friday, November 10th. W.W. Grainger’s dividend payout ratio is presently 60.95%.

GWW has been the subject of several analyst reports. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $245.00 target price on shares of W.W. Grainger in a report on Monday, November 13th. Wells Fargo & Company set a $210.00 target price on W.W. Grainger and gave the company a “hold” rating in a report on Wednesday, October 18th. KeyCorp restated a “hold” rating on shares of W.W. Grainger in a report on Monday, November 13th. BMO Capital Markets restated a “market perform” rating and issued a $178.00 target price (up from $165.00) on shares of W.W. Grainger in a report on Monday, October 9th. Finally, Atlantic Securities upgraded W.W. Grainger from an “underweight” rating to a “neutral” rating in a report on Thursday, October 19th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. W.W. Grainger has a consensus rating of “Hold” and an average price target of $191.23.

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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.

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

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