Asset Management One Co. Ltd. lowered its position in Graco Inc. (NYSE:GGG – Free Report) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,768 shares of the industrial products company’s stock after selling 335 shares during the period. Asset Management One Co. Ltd.’s holdings in Graco were worth $5,405,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in shares of Graco by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 33,862 shares of the industrial products company’s stock worth $2,807,000 after buying an additional 3,358 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Graco by 1.7% in the third quarter. Janney Montgomery Scott LLC now owns 171,736 shares of the industrial products company’s stock worth $15,029,000 after acquiring an additional 2,924 shares in the last quarter. Private Wealth Partners LLC acquired a new stake in Graco in the third quarter valued at $876,000. Farther Finance Advisors LLC boosted its position in shares of Graco by 293.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,801 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 2,834 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its position in shares of Graco by 0.8% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 425,119 shares of the industrial products company’s stock worth $37,202,000 after purchasing an additional 3,365 shares in the last quarter. Hedge funds and other institutional investors own 93.88% of the company’s stock.
Insider Buying and Selling at Graco
In other Graco news, insider David J. Thompson sold 3,216 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $88.31, for a total transaction of $284,004.96. Following the completion of the sale, the insider now directly owns 27,246 shares in the company, valued at $2,406,094.26. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.63% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Graco Stock Up 0.3 %
Shares of NYSE:GGG opened at $87.80 on Friday. The company has a market capitalization of $14.83 billion, a P/E ratio of 31.02, a P/E/G ratio of 2.85 and a beta of 0.82. Graco Inc. has a 52-week low of $76.28 and a 52-week high of $94.77. The stock’s fifty day simple moving average is $84.38 and its 200-day simple moving average is $82.33.
Graco (NYSE:GGG – Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.05). Graco had a return on equity of 21.24% and a net margin of 22.87%. The business had revenue of $519.21 million for the quarter, compared to analyst estimates of $538.19 million. During the same quarter last year, the business earned $0.76 EPS. Graco’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Graco Inc. will post 2.92 earnings per share for the current year.
Graco Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Monday, October 21st were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Monday, October 21st. Graco’s dividend payout ratio is currently 36.04%.
Graco Profile
Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.
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