Coho Partners Ltd. buys $106.7 Million stake in W W Grainger Inc (GWW)

W W Grainger Inc (GWW) : Coho Partners Ltd. scooped up 19,697 additional shares in W W Grainger Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 471,251 shares of W W Grainger Inc which is valued at $106.7 Million.W W Grainger Inc makes up approximately 4.44% of Coho Partners Ltd.’s portfolio.

Other Hedge Funds, Including , Stratos Wealth Partners Ltd. added GWW to its portfolio by purchasing 1,278 company shares during the most recent quarter which is valued at $289,339. W W Grainger Inc makes up approx 0.02% of Stratos Wealth Partners Ltd.’s portfolio.Todd Asset Management boosted its stake in GWW in the latest quarter, The investment management firm added 4,382 additional shares and now holds a total of 51,142 shares of W W Grainger Inc which is valued at $11.6 Million. W W Grainger Inc makes up approx 0.36% of Todd Asset Management’s portfolio.Geneva Advisors boosted its stake in GWW in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 4,278 shares of W W Grainger Inc which is valued at $994,549. W W Grainger Inc makes up approx 0.02% of Geneva Advisors’s portfolio. Checchi Capital Advisers added GWW to its portfolio by purchasing 309 company shares during the most recent quarter which is valued at $71,836. W W Grainger Inc makes up approx 0.02% of Checchi Capital Advisers’s portfolio.

W W Grainger Inc opened for trading at $226.72 and hit $229.42 on the upside on Monday, eventually ending the session at $228.85, with a gain of 1.08% or 2.45 points. The heightened volatility saw the trading volume jump to 3,54,944 shares. Company has a market cap of $14,034 M.

On the company’s financial health, W W Grainger Inc reported $3.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.34 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $2.84. The company had revenue of $2506.50 million for the quarter, compared to analysts expectations of $2495.12 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.10 EPS.

Many Wall Street Analysts have commented on W W Grainger Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 19, 2016 to “Underperform”, Firm has raised the Price Target to $ 193 from a previous price target of $180 .W W Grainger Inc was Downgraded by Stifel to ” Hold” on Apr 1, 2016. W W Grainger Inc was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016.

W.W. Grainger Inc. is a distributor of maintenance repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada with presence also in Europe Asia and Latin America. It operates in two segments: the United States and Canada. The United States business offers a selection of maintenance repair and operating supplies and other related products and services. Acklands – Grainger is a distributor of industrial and safety supplies that distributes tools fasteners safety supplies instruments welding and shop equipment among others. Other businesses include Zoro the single channel online business in the United States and operations in Europe Asia and Latin America. The Company provides customers with a range of options for finding and purchasing products utilizing sales representatives contact centers direct marketing materials catalogs and e-commerce.

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