TD Waterhouse Canada Inc. grew its holdings in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) by 4.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 16,368 shares of the industrial products company’s stock after acquiring an additional 702 shares during the period. TD Waterhouse Canada Inc.’s holdings in W.W. Grainger were worth $21,934,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Miller Capital Partners Inc. acquired a new stake in W.W. Grainger in the fourth quarter valued at $26,000. MV Capital Management Inc. bought a new stake in shares of W.W. Grainger in the 4th quarter valued at about $28,000. Elyxium Wealth LLC bought a new stake in shares of W.W. Grainger in the 4th quarter valued at about $30,000. Continuum Advisory LLC acquired a new stake in shares of W.W. Grainger in the second quarter valued at about $34,000. Finally, Elevation Wealth Partners LLC increased its stake in shares of W.W. Grainger by 420.0% in the second quarter. Elevation Wealth Partners LLC now owns 26 shares of the industrial products company’s stock valued at $35,000 after buying an additional 21 shares during the period. Institutional investors own 80.70% of the company’s stock.
W.W. Grainger Trading Up 0.9%
NYSE:GWW opened at $1,324.65 on Friday. W.W. Grainger, Inc. has a 52 week low of $906.52 and a 52 week high of $1,419.91. The firm has a 50-day moving average price of $1,339.02 and a two-hundred day moving average price of $1,239.80. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.70 and a current ratio of 2.81. The firm has a market cap of $62.39 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 2.33 and a beta of 1.03.
W.W. Grainger Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th were paid a $2.49 dividend. This represents a $9.96 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, August 10th. W.W. Grainger’s dividend payout ratio is 25.40%.
Wall Street Analysts Forecast Growth
GWW has been the topic of several analyst reports. Barclays upped their target price on W.W. Grainger from $1,166.00 to $1,185.00 and gave the company an “underweight” rating in a report on Tuesday, August 11th. Morgan Stanley boosted their price target on shares of W.W. Grainger from $1,300.00 to $1,400.00 and gave the stock an “equal weight” rating in a research report on Monday, August 24th. Weiss Ratings raised shares of W.W. Grainger from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. DA Davidson increased their price objective on shares of W.W. Grainger from $1,250.00 to $1,260.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Finally, Oppenheimer lifted their target price on shares of W.W. Grainger from $1,350.00 to $1,375.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1,286.62.
View Our Latest Report on W.W. Grainger
W.W. Grainger Company Profile
W.W. Grainger, Inc (NYSE: GWW) is an industrial supply distributor founded in 1927 and headquartered in Lake Forest, Illinois. The company supplies maintenance, repair and operations (MRO) products and services to businesses, institutions and government customers. Over its long history Grainger has developed a broad product assortment and a national distribution network that supports operations across a range of end markets, including manufacturing, healthcare, hospitality, transportation and public sector organizations.
Grainger’s product portfolio spans core categories such as electrical and lighting, safety and personal protective equipment, material handling, motors and power transmission, plumbing and HVAC, fasteners and adhesives, hand and power tools, and janitorial and facility supplies.
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