W W Grainger Inc (GWW) : Verus Financial Partners scooped up 41 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 Jul 15, 2016. The investment management firm now holds a total of 1,143 shares of W W Grainger Inc which is valued at $261,576.W W Grainger Inc makes up approximately 0.11% of Verus Financial Partners’s portfolio.
Other Hedge Funds, Including , Bristol John W Co Inc Ny reduced its stake in GWW by selling 19,015 shares or 5.34% in the most recent quarter. The Hedge Fund company now holds 337,348 shares of GWW which is valued at $77,202,090. W W Grainger Inc makes up approx 2.10% of Bristol John W Co Inc Ny’s portfolio.Gateway Investment Advisers reduced its stake in GWW by selling 15 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 4,074 shares of GWW which is valued at $939,342. W W Grainger Inc makes up approx 0.01% of Gateway Investment Advisers’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.