Bahl & Gaynor Inc. Has $135.69 Million Holdings in CDW Co. (NASDAQ:CDW)

Bahl & Gaynor Inc. lessened its position in CDW Co. (NASDAQ:CDW - Free Report) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 606,205 shares of the information technology services provider's stock after selling 5,977 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.45% of CDW worth $135,693,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Securities Inc. acquired a new position in CDW during the fourth quarter valued at approximately $392,000. Teacher Retirement System of Texas boosted its holdings in shares of CDW by 60.4% in the 4th quarter. Teacher Retirement System of Texas now owns 17,687 shares of the information technology services provider's stock valued at $4,021,000 after buying an additional 6,659 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of CDW by 570.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,891 shares of the information technology services provider's stock valued at $430,000 after buying an additional 1,609 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in CDW by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,135,792 shares of the information technology services provider's stock worth $258,196,000 after buying an additional 33,235 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in CDW by 1.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,419 shares of the information technology services provider's stock worth $1,005,000 after acquiring an additional 82 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CDW. Barclays decreased their price objective on shares of CDW from $232.00 to $229.00 and set an "equal weight" rating for the company in a research report on Thursday, August 1st. Stifel Nicolaus lifted their price target on CDW from $250.00 to $260.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. Finally, Northcoast Research upgraded CDW from a "neutral" rating to a "buy" rating and set a $270.00 price objective on the stock in a research note on Friday, June 7th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $254.63.

Insider Activity

In other news, insider Christine A. Leahy bought 1,200 shares of the company's stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $216.15 per share, for a total transaction of $259,380.00. Following the transaction, the insider now owns 102,200 shares of the company's stock, valued at $22,090,530. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Christine A. Leahy bought 1,200 shares of the company's stock in a transaction dated Thursday, August 1st. The stock was purchased at an average price of $216.15 per share, with a total value of $259,380.00. Following the completion of the acquisition, the insider now owns 102,200 shares of the company's stock, valued at $22,090,530. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Sona Chawla sold 18,437 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $240.45, for a total transaction of $4,433,176.65. Following the completion of the transaction, the insider now directly owns 22,428 shares of the company's stock, valued at approximately $5,392,812.60. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company's stock.

CDW Price Performance

Shares of CDW stock traded down $0.06 during trading on Wednesday, hitting $215.80. The company had a trading volume of 744,085 shares, compared to its average volume of 832,646. The firm has a market capitalization of $29.00 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 3.22 and a beta of 1.04. CDW Co. has a one year low of $185.04 and a one year high of $263.37. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.13. The stock's 50-day moving average price is $221.74 and its 200 day moving average price is $231.21.

CDW (NASDAQ:CDW - Get Free Report) last released its earnings results on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share for the quarter, missing analysts' consensus estimates of $2.39 by ($0.05). The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.43 billion. CDW had a net margin of 5.29% and a return on equity of 62.22%. The business's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.43 earnings per share. Equities analysts expect that CDW Co. will post 9.4 EPS for the current fiscal year.

CDW Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, August 26th. CDW's payout ratio is presently 30.96%.

About CDW

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.