TD Waterhouse Canada Inc. Has $9.08 Million Holdings in W.W. Grainger, Inc. (NYSE:GWW)

TD Waterhouse Canada Inc. raised its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW - Free Report) by 7.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,612 shares of the industrial products company's stock after acquiring an additional 603 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in W.W. Grainger were worth $9,079,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GWW. Garden State Investment Advisory Services LLC increased its stake in W.W. Grainger by 11.7% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 498 shares of the industrial products company's stock valued at $517,000 after buying an additional 52 shares during the last quarter. Virtu Financial LLC bought a new position in shares of W.W. Grainger in the 3rd quarter valued at about $2,675,000. SOA Wealth Advisors LLC. increased its position in shares of W.W. Grainger by 0.7% in the third quarter. SOA Wealth Advisors LLC. now owns 2,385 shares of the industrial products company's stock valued at $2,477,000 after acquiring an additional 16 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in W.W. Grainger during the third quarter worth about $848,000. Finally, Tidal Investments LLC boosted its position in W.W. Grainger by 2.7% during the third quarter. Tidal Investments LLC now owns 6,115 shares of the industrial products company's stock valued at $6,352,000 after purchasing an additional 159 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at W.W. Grainger

In related news, CFO Deidra C. Merriwether sold 1,164 shares of W.W. Grainger stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $997.12, for a total transaction of $1,160,647.68. Following the completion of the transaction, the chief financial officer now owns 10,235 shares of the company's stock, valued at $10,205,523.20. This trade represents a 10.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is owned by corporate insiders.

W.W. Grainger Trading Down 0.4 %

Shares of W.W. Grainger stock traded down $4.09 on Friday, hitting $1,015.06. The stock had a trading volume of 149,612 shares, compared to its average volume of 253,202. The stock has a 50 day moving average of $986.27 and a 200 day moving average of $1,069.47. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.49 and a current ratio of 2.49. W.W. Grainger, Inc. has a twelve month low of $874.98 and a twelve month high of $1,227.66. The firm has a market capitalization of $48.94 billion, a P/E ratio of 26.22, a PEG ratio of 2.70 and a beta of 1.20.

W.W. Grainger (NYSE:GWW - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate 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 prior year, the company posted $8.33 EPS. Sell-side analysts expect that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Monday, February 10th were paid a $2.05 dividend. The ex-dividend date was Monday, February 10th. This represents a $8.20 annualized dividend and a dividend yield of 0.81%. W.W. Grainger's payout ratio is 21.18%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GWW shares. JPMorgan Chase & Co. cut their price target on shares of W.W. Grainger from $1,125.00 to $1,100.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Wolfe Research downgraded shares of W.W. Grainger from a "peer perform" rating to an "underperform" rating and set a $966.00 target price for the company. in a research note on Thursday, April 3rd. William Blair upgraded W.W. Grainger from a "market perform" rating to an "outperform" rating in a research note on Monday, March 10th. Finally, Royal Bank of Canada cut their price objective on W.W. Grainger from $1,113.00 to $1,112.00 and set a "sector perform" rating for the company in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $1,130.89.

W.W. Grainger Company Profile

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.