TD Asset Management Inc. Buys 94,313 Shares of W.W. Grainger, Inc. (GWW)

TD Asset Management Inc. raised its stake in shares of W.W. Grainger, Inc. (NYSE:GWW) by 29.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 418,804 shares of the industrial products company’s stock after buying an additional 94,313 shares during the period. TD Asset Management Inc. owned about 0.73% of W.W. Grainger worth $75,606,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GWW. Teachers Advisors LLC raised its stake in shares of W.W. Grainger by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 68,598 shares of the industrial products company’s stock valued at $15,932,000 after buying an additional 3,143 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in shares of W.W. Grainger by 1.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 46,664 shares of the industrial products company’s stock valued at $10,861,000 after buying an additional 867 shares during the period. Raymond James Trust N.A. raised its stake in shares of W.W. Grainger by 8.3% in the first quarter. Raymond James Trust N.A. now owns 3,238 shares of the industrial products company’s stock valued at $754,000 after buying an additional 249 shares during the period. Creative Planning raised its stake in shares of W.W. Grainger by 1.1% in the first quarter. Creative Planning now owns 6,885 shares of the industrial products company’s stock valued at $1,603,000 after buying an additional 76 shares during the period. Finally, Gillespie Robinson & Grimm Inc. raised its stake in shares of W.W. Grainger by 83.5% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 66,442 shares of the industrial products company’s stock valued at $15,465,000 after buying an additional 30,242 shares during the period. 79.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of W.W. Grainger, Inc. (NYSE:GWW) traded down 1.58% during trading on Friday, hitting $162.00. 719,831 shares of the stock traded hands. The firm has a market cap of $9.35 billion, a P/E ratio of 18.67 and a beta of 0.74. W.W. Grainger, Inc. has a 52 week low of $160.29 and a 52 week high of $262.71. The company has a 50-day moving average of $170.36 and a 200-day moving average of $202.96.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.09. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the prior year, the company posted $2.89 earnings per share. W.W. Grainger’s revenue was up 2.0% compared to the same quarter last year. On average, analysts forecast that W.W. Grainger, Inc. will post $10.38 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be issued a dividend of $1.28 per share. The ex-dividend date is Thursday, August 10th. This represents a $5.12 annualized dividend and a yield of 3.11%. W.W. Grainger’s dividend payout ratio (DPR) is currently 59.12%.

ILLEGAL ACTIVITY NOTICE: This story was first published by [[site]] and is owned by of [[site]]. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at [[permalink]].

GWW has been the topic of several analyst reports. Zacks Investment Research lowered shares of W.W. Grainger from a “hold” rating to a “strong sell” rating in a report on Friday, April 21st. William Blair lowered shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a report on Monday, April 24th. TheStreet lowered shares of W.W. Grainger from a “b-” rating to a “c+” rating in a report on Thursday, May 11th. Royal Bank Of Canada lowered their target price on shares of W.W. Grainger from $166.00 to $156.00 and set an “underperform” rating on the stock in a report on Monday, May 15th. Finally, Deutsche Bank AG lowered shares of W.W. Grainger from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $246.00 to $145.00 in a report on Thursday, May 18th. Five research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. W.W. Grainger has a consensus rating of “Hold” and an average price target of $180.33.

About W.W. Grainger

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.