W W Grainger Inc (GWW) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Jun 17, 2016.
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.
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.
W W Grainger Inc closed down -0.16 points or -0.07% at $219.8 with 5,64,953 shares getting traded on Wednesday. Post opening the session at $220.14, the shares hit an intraday low of $219.22 and an intraday high of $222 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 31, 2016, Laura D Brown (Sr. VP, Inv Rel & Comm) sold 1,776 shares at $225.61 per share price. According to the SEC, on Apr 18, 2016, Joseph C High (Sr. VP & Chief People Officer) sold 2,221 shares at $235.33 per share price. On Feb 23, 2016, William Lomax (Vice President and Controller) sold 3,069 shares at $221.69 per share price, according to the Form-4 filing with the securities and exchange commission.
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.