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

TD Private Client Wealth LLC decreased its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW) by 6.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Avestar Capital LLC raised its position in shares of W.W. Grainger by 2.0% during the third quarter. Avestar Capital LLC now owns 467 shares of the industrial products company’s stock worth $485,000 after purchasing an additional 9 shares during the period. Busey Bank lifted its stake in W.W. Grainger by 1.5% in the fourth quarter. Busey Bank now owns 615 shares of the industrial products company’s stock valued at $648,000 after buying an additional 9 shares in the last quarter. Angeles Wealth Management LLC lifted its stake in W.W. Grainger by 2.1% in the fourth quarter. Angeles Wealth Management LLC now owns 438 shares of the industrial products company’s stock valued at $462,000 after buying an additional 9 shares in the last quarter. Iron Horse Wealth Management LLC boosted its holdings in shares of W.W. Grainger by 43.5% in the fourth quarter. Iron Horse Wealth Management LLC now owns 33 shares of the industrial products company’s stock valued at $35,000 after buying an additional 10 shares during the period. Finally, Welch & Forbes LLC increased its position in shares of W.W. Grainger by 2.1% during the fourth quarter. Welch & Forbes LLC now owns 481 shares of the industrial products company’s stock worth $507,000 after acquiring an additional 10 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

W.W. Grainger Price Performance

W.W. Grainger stock opened at $989.47 on Wednesday. The stock has a fifty day moving average of $1,034.72 and a 200-day moving average of $1,077.68. The stock 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. 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 52 week low of $874.98 and a 52 week high of $1,227.66.

W.W. Grainger (NYSE:GWW) last posted its earnings results on Friday, January 31st. The industrial products company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.04). W.W. Grainger had a return on equity of 52.43% and a net margin of 11.12%. During the same quarter in the prior year, the firm posted $8.33 earnings per share. On average, 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 issued a dividend of $2.05 per share. 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 dividend payout ratio (DPR) is presently 21.18%.

Analysts Set New Price Targets

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

W.W. Grainger 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.