W W Grainger Inc (GWW) : Alecta Pensionsforsakring Omsesidigt reduced its stake in W W Grainger Inc by 42.86% during the most recent quarter end. The investment management company now holds a total of 400,000 shares of W W Grainger Inc which is valued at $90,312,000 after selling 300,000 shares in W W Grainger Inc , the firm said in a disclosure report filed with the SEC on Jul 5, 2016.W W Grainger Inc makes up approximately 0.89% of Alecta Pensionsforsakring Omsesidigt’s portfolio.
Other Hedge Funds, Including ,
W W Grainger Inc opened for trading at $226.63 and hit $233.09 on the upside on Monday, eventually ending the session at $231.56, with a gain of 0.47% or 1.09 points. The heightened volatility saw the trading volume jump to 4,77,103 shares. Company has a market cap of $14,200 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. W W Grainger Inc was Downgraded by Credit Suisse to ” Neutral” on Jun 17, 2016. 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. 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.