Toronto Dominion Bank lowered its holdings in shares of W W Grainger Inc (NYSE:GWW) by 13.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,784 shares of the industrial products company’s stock after selling 4,656 shares during the quarter. Toronto Dominion Bank owned about 0.05% of W W Grainger worth $10,643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Atria Investments LLC raised its holdings in shares of W W Grainger by 16.4% during the second quarter. Atria Investments LLC now owns 1,864 shares of the industrial products company’s stock valued at $575,000 after acquiring an additional 263 shares during the last quarter. Pendal Group Ltd acquired a new position in shares of W W Grainger during the second quarter valued at approximately $320,000. Cornerstone Wealth Management LLC raised its holdings in shares of W W Grainger by 34,096.9% during the second quarter. Cornerstone Wealth Management LLC now owns 445,586 shares of the industrial products company’s stock valued at $1,454,000 after acquiring an additional 444,283 shares during the last quarter. CAPROCK Group Inc. acquired a new position in shares of W W Grainger during the second quarter valued at approximately $355,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of W W Grainger by 4,040.2% during the second quarter. Meeder Asset Management Inc. now owns 11,634 shares of the industrial products company’s stock valued at $3,588,000 after acquiring an additional 11,353 shares during the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.

A number of equities analysts have commented on the company. Longbow Research reissued a “hold” rating on shares of W W Grainger in a report on Wednesday, October 17th. Oppenheimer reduced their target price on W W Grainger from $410.00 to $365.00 and set an “outperform” rating for the company in a report on Wednesday, October 17th. BMO Capital Markets reduced their target price on W W Grainger from $332.00 to $330.00 and set a “market perform” rating for the company in a report on Wednesday, October 17th. ValuEngine cut W W Grainger from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, Gordon Haskett assumed coverage on W W Grainger in a report on Friday, October 12th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. W W Grainger presently has an average rating of “Hold” and a consensus price target of $308.43.

GWW stock opened at $296.98 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $17.18 billion, a PE ratio of 25.91, a P/E/G ratio of 1.51 and a beta of 1.06. W W Grainger Inc has a 1 year low of $198.07 and a 1 year high of $372.06.

W W Grainger (NYSE:GWW) last posted its quarterly earnings results on Tuesday, October 16th. The industrial products company reported $4.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.23. The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.84 billion. W W Grainger had a return on equity of 45.22% and a net margin of 6.51%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.79 earnings per share. Equities research analysts predict that W W Grainger Inc will post 16.29 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Monday, November 12th will be given a $1.36 dividend. The ex-dividend date is Thursday, November 8th. This represents a $5.44 annualized dividend and a yield of 1.83%. W W Grainger’s payout ratio is 47.47%.

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W W Grainger Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, metalworking tools, and various other products.

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

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