Northroad Capital Management Exits Position in W W Grainger Inc (GWW)

W W Grainger Inc (GWW) : Northroad Capital Management has sold out all of its stake in W W Grainger Inc during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 1,627 shares of W W Grainger Inc which is valued at $363,423.

Other Hedge Funds, Including , Fort Washington Investment Advisors Inc Oh boosted its stake in GWW in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 2,690 shares of W W Grainger Inc which is valued at $600,865. W W Grainger Inc makes up approx 0.01% of Fort Washington Investment Advisors Inc Oh’s portfolio.Diam Ltd. reduced its stake in GWW by selling 531 shares or 9.02% in the most recent quarter. The Hedge Fund company now holds 5,354 shares of GWW which is valued at $1,123,805. W W Grainger Inc makes up approx 0.02% of Diam Ltd.’s portfolio.Longview Partners (guernsey) Ltd boosted its stake in GWW in the latest quarter, The investment management firm added 45,052 additional shares and now holds a total of 3,032,124 shares of W W Grainger Inc which is valued at $636,442,828. W W Grainger Inc makes up approx 4.19% of Longview Partners (guernsey) Ltd’s portfolio.Tower Bridge Advisors reduced its stake in GWW by selling 31,079 shares or 83.28% in the most recent quarter. The Hedge Fund company now holds 6,238 shares of GWW which is valued at $1,299,438. W W Grainger Inc makes up approx 0.16% of Tower Bridge Advisors’s portfolio.

W W Grainger Inc closed down -2.54 points or -1.15% at $217.62 with 7,23,535 shares getting traded on Monday. Post opening the session at $218.83, the shares hit an intraday low of $216.49 and an intraday high of $221.62 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 $3.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $2.99. The company had revenue of $2596.29 million for the quarter, compared to analysts expectations of $2593.26 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.03 EPS.

Many Wall Street Analysts have commented on W W Grainger Inc. Shares were Reiterated by RBC Capital Mkts on Nov 14, 2016 to “Underperform” and Lowered the Price Target to $ 174 from a previous price target of $186 .Shares were Reiterated by Stifel on Oct 19, 2016 to “Hold” and Lowered the Price Target to $ 216 from a previous price target of $235 .Macquarie Initiated W W Grainger Inc on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $274.

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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