Time To “Sector Weight” W.W. Grainger (NYSE:GWW), KeyBanc Capital Mkts Confirms


How KeyBanc Capital Mkts Currently Rates W.W. Grainger (NYSE:GWW)

KeyBanc Capital Mkts launched its coverage on W.W. Grainger (NYSE:GWW), today 18 December. The financial firm finds the stock of W.W. Grainger (NYSE:GWW) attractive and has given it “Sector Weight” rating.

From a total of 13 analysts covering W.W. Grainger (NYSE:GWW) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $300 while the lowest target price is $174. The mean of all analyst targets is $207.23 with a 6.85% above today’s ($195.29) stock price. W.W. Grainger was the topic of 27 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Atlantic Securities downgraded shares on November 17 to “” rating. UBS initiated shares with “Neutral” rating and $225 target share price in a report from a September 17. Stifel Nicolaus maintained GWW stock in a recent report from November 13 with “Buy” rating. Deutsche Bank maintained the rating on August 25. Deutsche Bank has a “Sell” rating and a $209 price target on shares. Finally, Stephens downgraded the stock to “Neutral” rating in a report issued on an October 19.

Approximately 237,094 shares of stock traded hands. W W Grainger Inc (NYSE:GWW) has declined 20.81% since May 15, 2015 and is downtrending. It has underperformed by 17.00% the S&P500.

The overall sentiment of institutions has decreased to 0.99 in Q2 2015. Its down 0.01, from 1 in 2015Q2. The ratio turned negative, as 61 institutions have sold all the shares of W W Grainger Inc that they owned while 197 funds have taken shares off the table. 50 funds have purchased shares for the first time while 206 added to their positions. These institutions now hold 62.29 million shares or 18.08% more than the 52.75 million shares they owned in 2015Q2.

The Fund Gabalex Capital Management Llc currently is holding shares equating to 15.06% of its total portfolio in W W Grainger Inc representing a total of 180,000 shares. Another fund,Mcdaniel Terry & Co, is holding a total of 84,538 shares equating to 5.06% of their holdings. Additionally, Coho Partners Ltd. has a 445,263 share stake in W W Grainger Inc which represents 4.55% of their total portfolio. The Fund, Nebula Capital Management Lp, based out of Connecticut, has also built up a stake in the stock, which represents a total of 4.43% of their total portfolio. Finally Bluespruce Investments Lp, a fund which is based in the state of Illinois reported a total holdings of 76,680 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 13, 2015, shareholders of W W Grainger Inc have witnessed 0 buys, and a total of 9 selling transactions equating to a net activity of approximately $23.50 million . High Joseph C sold 2,321 shares worth approximately $531,555. Brown Laura D sold 724 shares worth approximately $168,692. Lomax William sold 1,300 shares worth approximately $292,500. Ryan James T sold 12,972 shares worth approximately $2.83M. The company insider Jadin Ronald L sold 11,702 shares worth $2.69 million.

W.W. Grainger, Inc. is a distributor of maintenance, repair and operating supplies and other related services and products. The company has a market cap of $12.43 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 16.94 P/E ratio. It operates in two divisions: the United States and Canada.

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.”