W W Grainger Inc’s Stock Is Buy After Today’s Bullish Options Activity

 W W Grainger Inc's Stock Is Buy After Today's Bullish Options Activity

In today’s session W W Grainger Inc (GWW) registered an unusually high (198) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious GWW increase. With 198 contracts traded and 1844 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: GWW161118C00210000 closed last at: $1.95 or 25.8% up. About 65,340 shares traded hands. W W Grainger Inc (NYSE:GWW) has declined 12.15% since April 5, 2016 and is downtrending. It has underperformed by 14.11% 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. W.W. Grainger has been the topic of 46 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Credit Suisse given on Friday, June 17. The stock of W W Grainger Inc (NYSE:GWW) earned “Buy” rating by Stifel Nicolaus on Tuesday, March 8. The stock has “Hold” rating given by Stifel Nicolaus on Wednesday, October 19. The firm earned “Buy” rating on Monday, October 19 by Stifel Nicolaus. The firm has “Equal Weight” rating by Barclays Capital given on Monday, November 16. BMO Capital Markets initiated it with “Outperform” rating and $300 target price in Tuesday, April 5 report. The stock of W W Grainger Inc (NYSE:GWW) has “Outperform” rating given on Tuesday, September 15 by Credit Suisse. Morgan Stanley downgraded the shares of GWW in a report on Monday, January 11 to “Underweight” rating. The firm has “Neutral” rating given on Monday, August 24 by Robert W. Baird. Atlantic Securities downgraded the stock to “” rating in Tuesday, November 17 report.

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 Q2 2016. 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.
Los Angeles Cap Mgmt & Equity Research holds 1,025 shares or 0% of its portfolio. Franklin Street Advsr Nc accumulated 16,534 shares or 0.71% of the stock. Argentus Capital Management Ltd Company holds 679 shares or 0.07% of its portfolio. Moreover, Glenview Natl Bank Trust Dept has 0.13% invested in W W Grainger Inc (NYSE:GWW) for 955 shares. Clifford Swan Invest Counsel accumulated 1,548 shares or 0.02% of the stock. Smithfield Tru Communications last reported 0.01% of its portfolio in the stock. Gateway Invest Advisers Ltd Liability Corporation holds 0.01% of its portfolio in W W Grainger Inc (NYSE:GWW) for 4,074 shares. Citadel Advsrs Limited Liability Company holds 0.17% or 687,063 shares in its portfolio. Lsv Asset Management has 375 shares for 0% of their US portfolio. The Illinois-based Capstone Fincl Advsrs has invested 3.34% in W W Grainger Inc (NYSE:GWW). Eads And Heald Investment Counsel last reported 5,318 shares in the company. Glob X Management Co Ltd Liability Co, a New York-based fund reported 350 shares. Deere And holds 0.03% of its portfolio in W W Grainger Inc (NYSE:GWW) for 2,760 shares. Bokf Na has 15,671 shares for 0.13% of their US portfolio. Westpac Bk has 0% invested in the company for 54,192 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 2 sales for $779,523 net activity. 1,776 W W Grainger Inc (NYSE:GWW) shares with value of $400,683 were sold by Brown Laura D. HIGH JOSEPH C sold 1,722 shares worth $378,840.

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 $12.91 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 19.05 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).

More notable recent W W Grainger Inc (NYSE:GWW) news were published by: Seekingalpha.com which released: “Dividend Aristocrats In Focus Part 30: W.W. Grainger” on November 05, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: W.W. Grainger, United Parcel Service and Woodward” published on November 07, 2016, Nasdaq.com published: “W.W. Grainger Inc. (GWW) Has Dropped To An 8-Month Low After Guidance Narrowed” on October 18, 2016. More interesting news about W W Grainger Inc (NYSE:GWW) were released by: Prnewswire.com and their article: “Grainger Declares Quarterly Dividend” published on October 26, 2016 as well as Prnewswire.com‘s news article titled: “Grainger Announces Next Step In CEO Succession Process” with publication date: August 08, 2016.

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