Finally Time To Cut Your Stake? Gabelli Downgrades Grainger (GWW) Shares

July 16, 2018 - By Robert Shackelford

W.W. Grainger, Inc. (NYSE:GWW) Logo

Investors sentiment decreased to 0.75 in Q1 2018. Its down 0.06, from 0.81 in 2017Q4. It worsened, as 36 investors sold W.W. Grainger, Inc. shares while 214 reduced holdings. 82 funds opened positions while 106 raised stakes. 43.08 million shares or 5.84% less from 45.76 million shares in 2017Q4 were reported.

Qs Limited Liability invested 0.01% in W.W. Grainger, Inc. (NYSE:GWW). Lazard Asset Mgmt Limited Co holds 81,183 shares or 0.04% of its portfolio. Albert D Mason stated it has 1.61% in W.W. Grainger, Inc. (NYSE:GWW). Riverhead Capital Mgmt Limited Liability Company invested in 3,672 shares or 0.04% of the stock. Moreover, Caisse De Depot Et Placement Du Quebec has 0.01% invested in W.W. Grainger, Inc. (NYSE:GWW) for 15,009 shares. Nuveen Asset Ltd invested in 27,635 shares. Renaissance Technologies Limited Liability Company has 0.08% invested in W.W. Grainger, Inc. (NYSE:GWW). 885 were accumulated by Essex Financial. Moreover, Los Angeles Cap Mgmt & Equity has 0.18% invested in W.W. Grainger, Inc. (NYSE:GWW). Ubs Asset Americas Inc reported 216,366 shares. Cubist Systematic Strategies Limited Liability holds 1,087 shares or 0.02% of its portfolio. Pensionfund Dsm Netherlands holds 11,000 shares or 0.56% of its portfolio. Loring Wolcott Coolidge Fiduciary Advsrs Llp Ma accumulated 326 shares. California-based Gemmer Asset Limited has invested 0% in W.W. Grainger, Inc. (NYSE:GWW). Mechanics Savings Bank Trust Department invested 0.06% of its portfolio in W.W. Grainger, Inc. (NYSE:GWW).

Since February 1, 2018, it had 1 buy, and 4 insider sales for $6.50 million activity. The insider HOWARD JOHN L sold 19,500 shares worth $5.75M. The insider Tapia Eric R sold $714,762.

Grainger (GWW) Receives a Downgrade

It appears that trading for shares of Grainger (GWW) will be interesting to watch today. Gabelli decreased the stock from their past “Buy” rating to a more current “Hold”.

The stock decreased 2.70% or $8.37 during the last trading session, reaching $302.11. About 396,730 shares traded. W.W. Grainger, Inc. (GWW) has risen 75.66% since July 16, 2017 and is uptrending. It has outperformed by 63.09% the S&P500.

Analysts await W.W. Grainger, Inc. (NYSE:GWW) to report earnings on July, 18 before the open. They expect $3.72 EPS, up 35.77 % or $0.98 from last year’s $2.74 per share. GWW’s profit will be $208.38 million for 20.30 P/E if the $3.72 EPS becomes a reality. After $4.18 actual EPS reported by W.W. Grainger, Inc. for the previous quarter, Wall Street now forecasts -11.00 % negative EPS growth.

W.W. Grainger, Inc. distributes maintenance, repair, and operating supplies; and other related services and products that are used by businesses and institutions in the United States, Canada, Europe, Asia, and Latin America. The company has market cap of $16.92 billion. It operates through two divisions, U.S. and Canada. It has a 27.15 P/E ratio. The firm offers material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, building and home inspection supplies, vehicle and fleet components, and various other products.

More news for W.W. Grainger, Inc. (NYSE:GWW) were recently published by: Streetinsider.com, which released: “Gabelli Downgrades WW Grainger (GWW) to Hold” on July 16, 2018. Seekingalpha.com‘s article titled: “Trade Tension Threatens Grainger’s Stellar Growth” and published on July 09, 2018 is yet another important article.

W.W. Grainger, Inc. (NYSE:GWW) Institutional Positions Chart

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