In today’s session W W Grainger Inc (GWW) recorded an unusually high (277) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious GWW decrease. With 277 contracts traded and 17804 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: GWW161021P00200000 closed last at: $0.55 or 42.1% down. About 235,767 shares traded hands. W W Grainger Inc (NYSE:GWW) has declined 6.70% since March 16, 2016 and is downtrending. It has underperformed by 12.24% the S&P500.
W W Grainger Inc (NYSE:GWW) Ratings Coverage
Out of 11 analysts covering W.W. Grainger (NYSE:GWW), 3 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 27% are positive. $300 is the highest target while $176 is the lowest. The $220.27 average target is 7.32% above today’s ($205.24) stock price. W.W. Grainger has been the topic of 45 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of W W Grainger Inc (NYSE:GWW) has “Neutral” rating given on Monday, October 19 by Stephens. The company was maintained on Wednesday, July 20 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Underperform” rating in Friday, November 13 report. As per Monday, August 31, the company rating was maintained by William Blair. The stock has “Equal-Weight” rating given by Morgan Stanley on Tuesday, October 20. As per Monday, October 19, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating given on Thursday, October 1 by Stifel Nicolaus. The company was initiated on Thursday, September 17 by UBS. The stock of W W Grainger Inc (NYSE:GWW) earned “Equal Weight” rating by Barclays Capital on Monday, November 16. As per Monday, July 18, the company rating was maintained by Barclays Capital.
According to Zacks Investment Research, “Grainger offers a breadth of MRO solutions by combining products, services, and information. The company tailors its capabilities toward the objective of providing the lowest total cost MRO solution to select customer groups. The Branch-based Distribution Businesses serve immediate and/or planned purchase MRO needs. The Digital Businesses offer a broad array of indirect materials and related information to meet the needs of businesses looking to reduce process costs through Internet-enabled solutions.”
Insitutional Activity: The institutional sentiment decreased to 0.87 in 2016 Q2. Its down 0.15, from 1.02 in 2016Q1. The ratio dived, as 52 funds sold all W W Grainger Inc shares owned while 189 reduced positions. 40 funds bought stakes while 169 increased positions. They now own 49.10 million shares or 9.27% less from 54.11 million shares in 2016Q1.
Atlantic Grp Inc Ltd Liability Corporation has 0.03% invested in the company for 18,101 shares. Glenview Bank & Trust Trust Dept has 955 shares for 0.13% of their US portfolio. Proshare Advsrs Ltd owns 183,022 shares or 0.54% of their US portfolio. Confluence Investment Mgmt Ltd Liability Com accumulated 38,526 shares or 0.24% of the stock. Pension Serv has 40,435 shares for 0.08% of their US portfolio. Rockefeller Fincl Inc reported 2,000 shares or 0.01% of all its holdings. Wilbanks Smith & Thomas Asset Management Llc holds 1,100 shares or 0.03% of its portfolio. Alexandria Capital Limited Liability has 0% invested in the company for 3 shares. Oppenheimer reported 1,452 shares or 0.01% of all its holdings. The Wisconsin-based Johnson Fincl Grp Incorporated has invested 0.08% in W W Grainger Inc (NYSE:GWW). Plante Moran Financial Advisors Ltd Co has 23 shares for 0% of their US portfolio. Grandeur Peak Global Advsr Limited Liability Company has invested 0.2% of its portfolio in W W Grainger Inc (NYSE:GWW). California Employees Retirement has invested 0.06% of its portfolio in W W Grainger Inc (NYSE:GWW). Fort Washington Inv Incorporated Oh has 2,390 shares for 0.01% of their US portfolio. Deere & accumulated 2,760 shares or 0.03% of the stock.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 2 selling transactions for $779,523 net activity. HIGH JOSEPH C sold $378,840 worth of stock or 1,722 shares. The insider Brown Laura D sold $400,683.
W.W. Grainger, Inc. is a distributor of maintenance, repair and operating (MRO) supplies and other related services and products. The company has a market cap of $11.90 billion. The Firm offers its services and products to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America. It has a 18.68 P/E ratio. Grainger operates through two divisions: the United States and Canada.
GWW Company Profile
W.W. Grainger, Inc. (Grainger), incorporated on December 27, 1928, is a distributor of maintenance, repair and operating (MRO) supplies and other related services and products. The Firm offers its services and products to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America. Grainger operates through two divisions: the United States and Canada. Grainger’s centralized business support functions provide coordination and guidance in the areas of accounting and finance, business development, communications and investor relations, compensation and benefits, information systems, health and safety, global supply chain functions, human resources, risk management, internal audit, legal, real estate, security, tax and treasury. The Company’s others businesses also include The Fabory Group (Fabory), MonotaRO Co. (MonotaRO), Grainger Mexico and Zoro Tools, Inc. (Zoro).
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