Pensionfund Sabic buys $1.7 Million stake in W W Grainger Inc (GWW)

W W Grainger Inc (GWW) : Pensionfund Sabic scooped up 600 additional shares in W W Grainger Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 7,100 shares of W W Grainger Inc which is valued at $1.7 Million.W W Grainger Inc makes up approximately 0.50% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands boosted its stake in GWW in the latest quarter, The investment management firm added 2,400 additional shares and now holds a total of 15,400 shares of W W Grainger Inc which is valued at $3.6 Million. W W Grainger Inc makes up approx 0.49% of Pensionfund Dsm Netherlands’s portfolio.Beacon Financial Group boosted its stake in GWW in the latest quarter, The investment management firm added 155 additional shares and now holds a total of 1,839 shares of W W Grainger Inc which is valued at $431,025. W W Grainger Inc makes up approx 0.09% of Beacon Financial Group’s portfolio.

On the company’s financial health, W W Grainger Inc reported $2.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $2.24. The company had revenue of $2478.30 million for the quarter, compared to analysts expectations of $2465.72 million. The company’s revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.80 EPS.

Many Wall Street Analysts have commented on W W Grainger Inc. 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. Company shares were Reiterated by Stifel on Mar 8, 2016 to “Buy”, Firm has raised the Price Target to $ 251 from a previous price target of $238 .

W W Grainger Inc opened for trading at $232.13 and hit $234.75 on the upside on Monday, eventually ending the session at $232.41, with a gain of 0.77% or 1.77 points. The heightened volatility saw the trading volume jump to 5,11,495 shares. Company has a market cap of $14,346 M.

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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