Btim Corp. buys $70,087,527 stake in W W Grainger Inc (GWW)

W W Grainger Inc (GWW) : Btim Corp. scooped up 5,455 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 Aug 9, 2016. The investment management firm now holds a total of 317,598 shares of W W Grainger Inc which is valued at $70,087,527.W W Grainger Inc makes up approximately 1.16% of Btim Corp.’s portfolio.

Other Hedge Funds, Including , Global X Management Co boosted its stake in GWW in the latest quarter, The investment management firm added 207 additional shares and now holds a total of 350 shares of W W Grainger Inc which is valued at $80,283.Diam Ltd. boosted its stake in GWW in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 5,885 shares of W W Grainger Inc which is valued at $1,279,105. W W Grainger Inc makes up approx 0.02% of Diam Ltd.’s portfolio.World Asset Management Inc reduced its stake in GWW by selling 205 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 8,720 shares of GWW which is valued at $1,895,292. W W Grainger Inc makes up approx 0.07% of World Asset Management Inc’s portfolio.Aberdeen Asset Management Plcuk reduced its stake in GWW by selling 97 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 13,741 shares of GWW which is valued at $2,986,606. W W Grainger Inc makes up approx 0.01% of Aberdeen Asset Management Plcuk’s portfolio.

W W Grainger Inc closed down -0.12 points or -0.05% at $230.88 with 3,41,652 shares getting traded on Wednesday. Post opening the session at $230.65, the shares hit an intraday low of $229.78 and an intraday high of $231.59 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. Shares were Reiterated by UBS on Jul 20, 2016 to “Neutral” and Lowered the Price Target to $ 225 from a previous price target of $235 .Shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Underperform” and Lowered the Price Target to $ 187 from a previous price target of $197 .W W Grainger Inc was Downgraded by Credit Suisse to ” Neutral” on Jun 17, 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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