TD Private Client Wealth LLC Sells 14 Shares of W.W. Grainger, Inc. (NYSE:GWW)

TD Private Client Wealth LLC reduced its stake in W.W. Grainger, Inc. (NYSE:GWW) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 217 shares of the industrial products company’s stock after selling 14 shares during the period. TD Private Client Wealth LLC’s holdings in W.W. Grainger were worth $229,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in W.W. Grainger during the 4th quarter worth approximately $267,529,000. Proficio Capital Partners LLC bought a new position in shares of W.W. Grainger in the 4th quarter worth $175,000. AustralianSuper Pty Ltd grew its position in W.W. Grainger by 694.1% in the 4th quarter. AustralianSuper Pty Ltd now owns 76,674 shares of the industrial products company’s stock valued at $80,818,000 after purchasing an additional 67,018 shares during the period. Amundi raised its holdings in W.W. Grainger by 14.7% during the fourth quarter. Amundi now owns 459,536 shares of the industrial products company’s stock worth $491,170,000 after buying an additional 58,978 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of W.W. Grainger by 1,653.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 56,978 shares of the industrial products company’s stock valued at $60,058,000 after buying an additional 53,729 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a report on Thursday, December 19th. William Blair raised W.W. Grainger from a “market perform” rating to an “outperform” rating in a research note on Monday, March 10th. Royal Bank of Canada cut their target price on W.W. Grainger from $1,113.00 to $1,112.00 and set a “sector perform” rating on the stock in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their price target on W.W. Grainger from $1,125.00 to $1,100.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, W.W. Grainger presently has an average rating of “Hold” and a consensus target price of $1,151.50.

W.W. Grainger Price Performance

Shares of NYSE:GWW opened at $989.47 on Wednesday. W.W. Grainger, Inc. has a fifty-two week low of $874.98 and a fifty-two week high of $1,227.66. The company’s 50-day moving average is $1,034.72 and its 200 day moving average is $1,077.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49. The company has a market capitalization of $47.71 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18.

W.W. Grainger (NYSE:GWW) last released its earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.04). W.W. Grainger had a net margin of 11.12% and a return on equity of 52.43%. During the same quarter in the previous year, the firm earned $8.33 earnings per share. On average, equities research analysts forecast that W.W. Grainger, Inc. will post 40.3 earnings per share for the current year.

W.W. Grainger Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Monday, February 10th were paid a $2.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $8.20 annualized dividend and a dividend yield of 0.83%. W.W. Grainger’s payout ratio is presently 21.18%.

About W.W. Grainger

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.