Eagle Ridge Investment Management buys $4,702,206 stake in W W Grainger Inc (GWW)

W W Grainger Inc (GWW) : Eagle Ridge Investment Management scooped up 95 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 Apr 21, 2016. The investment management firm now holds a total of 20,522 shares of W W Grainger Inc which is valued at $4,702,206.W W Grainger Inc makes up approximately 1.08% of Eagle Ridge Investment Management’s portfolio.

W W Grainger Inc opened for trading at $235 and hit $239.23 on the upside on Wednesday, eventually ending the session at $238.73, with a gain of 1.88% or 4.41 points. The heightened volatility saw the trading volume jump to 5,85,670 shares. Company has a market cap of $14,736 M.

Other Hedge Funds, Including , Saddle Road Partners boosted its stake in GWW in the latest quarter, The investment management firm added 395 additional shares and now holds a total of 17,069 shares of W W Grainger Inc which is valued at $3,911,020. W W Grainger Inc makes up approx 0.84% of Saddle Road Partners’s portfolio.Capital One National Association reduced its stake in GWW by selling 31 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 1,630 shares of GWW which is valued at $373,482. W W Grainger Inc makes up approx 0.03% of Capital One National Association’s portfolio.Howland Capital Management reduced its stake in GWW by selling 50 shares or 4.1% in the most recent quarter. The Hedge Fund company now holds 1,170 shares of GWW which is valued at $275,009. W W Grainger Inc makes up approx 0.03% of Howland Capital Management’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in GWW in the latest quarter, The investment management firm added 1,123 additional shares and now holds a total of 13,150 shares of W W Grainger Inc which is valued at $3,090,908. W W Grainger Inc makes up approx 0.07% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

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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