Eqis Capital Management Lowers stake in W W Grainger Inc (GWW)

W W Grainger Inc (GWW) : Eqis Capital Management reduced its stake in W W Grainger Inc by 5.6% during the most recent quarter end. The investment management company now holds a total of 17,008 shares of W W Grainger Inc which is valued at $3,892,281 after selling 1,009 shares in W W Grainger Inc , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.W W Grainger Inc makes up approximately 0.25% of Eqis Capital Management’s portfolio.

Other Hedge Funds, Including , Gillespie Robinson Grimm Inc boosted its stake in GWW in the latest quarter, The investment management firm added 1,615 additional shares and now holds a total of 36,686 shares of W W Grainger Inc which is valued at $8,458,691. W W Grainger Inc makes up approx 1.32% of Gillespie Robinson Grimm Inc’s portfolio.Alecta Pensionsforsakring Omsesidigt reduced its stake in GWW by selling 300,000 shares or 42.86% in the most recent quarter. The Hedge Fund company now holds 400,000 shares of GWW which is valued at $90,312,000. W W Grainger Inc makes up approx 0.89% of Alecta Pensionsforsakring Omsesidigt’s portfolio.

W W Grainger Inc closed down -2.46 points or -1.06% at $228.85 with 9,95,571 shares getting traded on Monday. Post opening the session at $231.54, the shares hit an intraday low of $227.72 and an intraday high of $232.66 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, W W Grainger Inc reported $2.89 EPS for the quarter, missing the analyst consensus estimate by $ -0.28 based on the information available during the earnings call on Jul 19, 2016. Analyst had a consensus of $3.17. The company had revenue of $2564.00 million for the quarter, compared to analysts expectations of $2573.40 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.27 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.

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