Checchi Capital Advisers LLC Sells 101 Shares of W.W. Grainger, Inc. (NYSE:GWW)

Checchi Capital Advisers LLC cut its stake in W.W. Grainger, Inc. (NYSE:GWW) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 476 shares of the industrial products company’s stock after selling 101 shares during the quarter. Checchi Capital Advisers LLC’s holdings in W.W. Grainger were worth $502,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Iron Horse Wealth Management LLC raised its position 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 purchasing an additional 10 shares during the period. AlphaMark Advisors LLC bought a new position in shares of W.W. Grainger in the fourth quarter valued at about $37,000. Larson Financial Group LLC raised its position in shares of W.W. Grainger by 111.1% in the third quarter. Larson Financial Group LLC now owns 38 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 20 shares during the period. Newbridge Financial Services Group Inc. bought a new position in shares of W.W. Grainger in the fourth quarter valued at about $47,000. Finally, Fortitude Family Office LLC raised its position in shares of W.W. Grainger by 38.9% in the third quarter. Fortitude Family Office LLC now owns 50 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 14 shares during the period. 80.70% of the stock is owned by institutional investors.

W.W. Grainger Price Performance

GWW stock opened at $1,007.59 on Thursday. The company has a quick ratio of 1.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.62. W.W. Grainger, Inc. has a 12 month low of $874.98 and a 12 month high of $1,227.66. The firm has a market cap of $48.58 billion, a P/E ratio of 26.03, a P/E/G ratio of 2.70 and a beta of 1.17. The company’s 50-day moving average price is $1,065.99 and its two-hundred day moving average price is $1,073.98.

W.W. Grainger (NYSE:GWW) last posted its quarterly earnings results on Friday, January 31st. The industrial products company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the company earned $8.33 earnings per share. On average, analysts anticipate that W.W. Grainger, Inc. will post 40.3 earnings per share for the current fiscal year.

W.W. Grainger Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GWW shares. Morgan Stanley raised their price target on shares of W.W. Grainger from $990.00 to $1,215.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 19th. StockNews.com lowered shares of W.W. Grainger from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. lowered their price target 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. UBS Group started coverage on shares of W.W. Grainger in a research report on Wednesday, November 13th. They set a “neutral” rating and a $1,280.00 price target on the stock. Finally, Royal Bank of Canada lowered 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 equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $1,148.56.

About W.W. Grainger

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.