Hap Trading adds W W Grainger Inc (GWW) to its portfolio

W W Grainger Inc (GWW) : Hap Trading added new position in W W Grainger Inc during the most recent quarter end. The investment management firm now holds 96,040 shares of W W Grainger Inc which is valued at $21.7 Million , the company said in a statement filed on May 12, 2016 with the SEC.W W Grainger Inc makes up approximately 2.52% of Hap Trading’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in GWW by selling 23,012 shares or 8.51% in the most recent quarter. The Hedge Fund company now holds 247,512 shares of GWW which is valued at $56 Million. W W Grainger Inc makes up approx 0.07% of Ubs Asset Management Americas Inc’s portfolio.Janney Montgomery Scott reduced its stake in GWW by selling 1,660 shares or 40.09% in the most recent quarter. The Hedge Fund company now holds 2,481 shares of GWW which is valued at $561,698. W W Grainger Inc makes up approx 0.01% of Janney Montgomery Scott’s portfolio.Welch Forbes reduced its stake in GWW by selling 26 shares or 2.32% in the most recent quarter. The Hedge Fund company now holds 1,096 shares of GWW which is valued at $254,798. W W Grainger Inc makes up approx 0.01% of Welch Forbes’s portfolio.Nisa Investment Advisors L.l.c. boosted its stake in GWW in the latest quarter, The investment management firm added 2,400 additional shares and now holds a total of 11,228 shares of W W Grainger Inc which is valued at $2.6 Million. W W Grainger Inc makes up approx 0.04% of Nisa Investment Advisors L.l.c.’s portfolio. Asset Dedication sold out all of its stake in GWW during the most recent quarter. The investment firm sold 87 shares of GWW which is valued $20,403.

W W Grainger Inc opened for trading at $223.09 and hit $223.98 on the upside on Friday, eventually ending the session at $222.59, with a gain of 0.38% or 0.84 points. The heightened volatility saw the trading volume jump to 4,42,766 shares. Company has a market cap of $13,650 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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