Exxonmobil Investment Management Inc Tx Lowers stake in W W Grainger Inc (GWW)

W W Grainger Inc (GWW) : Exxonmobil Investment Management Inc Tx reduced its stake in W W Grainger Inc by 2.8% during the most recent quarter end. The investment management company now holds a total of 14,194 shares of W W Grainger Inc which is valued at $3,185,276 after selling 409 shares in W W Grainger Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.W W Grainger Inc makes up approximately 0.07% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in GWW in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 287 shares of W W Grainger Inc which is valued at $64,406. W W Grainger Inc makes up approx 0.01% of Advisory Services Network’s portfolio.Telemus Capital reduced its stake in GWW by selling 76 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 7,210 shares of GWW which is valued at $1,623,043. W W Grainger Inc makes up approx 0.18% of Telemus Capital’s portfolio. Hefty Wealth Partners added GWW to its portfolio by purchasing 220 company shares during the most recent quarter which is valued at $49,524. W W Grainger Inc makes up approx 0.04% of Hefty Wealth Partners’s portfolio.Mcqueen Ball Associates reduced its stake in GWW by selling 30 shares or 0.45% in the most recent quarter. The Hedge Fund company now holds 6,649 shares of GWW which is valued at $1,496,756. W W Grainger Inc makes up approx 1.03% of Mcqueen Ball Associates’s portfolio.

W W Grainger Inc closed down -3.68 points or -1.61% at $224.41 with 3,37,094 shares getting traded on Friday. Post opening the session at $227.48, the shares hit an intraday low of $223.43 and an intraday high of $227.67 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Macquarie Initiated W W Grainger Inc on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $274.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. 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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