First Quadrant L P CA Increases Stake in Graco Inc. (GGG)

First Quadrant L P CA grew its stake in shares of Graco Inc. (NYSE:GGG) by 253.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 560,604 shares of the industrial products company’s stock after buying an additional 402,100 shares during the period. First Quadrant L P CA owned 0.33% of Graco worth $25,351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hexavest Inc. grew its stake in shares of Graco by 200.0% during the 4th quarter. Hexavest Inc. now owns 4,200 shares of the industrial products company’s stock valued at $190,000 after buying an additional 2,800 shares during the period. Parallax Volatility Advisers L.P. lifted its holdings in shares of Graco by 127.0% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 1,918 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 1,073 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of Graco during the 3rd quarter valued at $210,000. Boston Private Wealth LLC acquired a new position in shares of Graco during the 3rd quarter valued at $210,000. Finally, Tiedemann Wealth Management LLC lifted its holdings in shares of Graco by 62.8% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 4,920 shares of the industrial products company’s stock valued at $214,000 after acquiring an additional 1,898 shares in the last quarter. 29.92% of the stock is owned by institutional investors.

In other Graco news, CFO Christian E. Rothe sold 12,750 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $132.01, for a total value of $1,683,127.50. Following the transaction, the chief financial officer now owns 16,905 shares in the company, valued at approximately $2,231,629.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Karen Park Gallivan sold 15,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $132.00, for a total transaction of $1,980,000.00. Following the completion of the transaction, the vice president now owns 30,060 shares in the company, valued at approximately $3,967,920. The disclosure for this sale can be found here. Insiders sold a total of 681,252 shares of company stock worth $18,239,770 in the last quarter. 5.70% of the stock is currently owned by company insiders.

Shares of Graco Inc. (GGG) remained flat at $$47.92 during mid-day trading on Tuesday. The company’s stock had a trading volume of 598,300 shares, compared to its average volume of 671,364. Graco Inc. has a 52-week low of $28.60 and a 52-week high of $48.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.46 and a current ratio of 2.23. The stock has a market cap of $8,330.00, a price-to-earnings ratio of 77.29, a price-to-earnings-growth ratio of 2.86 and a beta of 1.24.

Graco (NYSE:GGG) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. Graco had a net margin of 7.72% and a return on equity of 42.05%. The firm had revenue of $379.81 million for the quarter, compared to analyst estimates of $356.30 million. During the same quarter in the previous year, the business posted $0.32 EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. analysts forecast that Graco Inc. will post 1.46 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Monday, January 22nd will be issued a $0.3975 dividend. The ex-dividend date is Friday, January 19th. This represents a $1.59 dividend on an annualized basis and a yield of 3.32%. This is a positive change from Graco’s previous quarterly dividend of $0.36. Graco’s payout ratio is currently 77.42%.

GGG has been the topic of several recent research reports. SunTrust Banks restated a “hold” rating and set a $42.67 target price on shares of Graco in a report on Friday, October 27th. Zacks Investment Research lowered shares of Graco from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. ValuEngine lowered shares of Graco from a “buy” rating to a “hold” rating in a report on Friday, December 1st. B. Riley restated a “hold” rating and set a $46.67 target price on shares of Graco in a report on Wednesday, December 20th. Finally, Robert W. Baird restated a “hold” rating and set a $45.00 target price on shares of Graco in a report on Friday, October 27th. Twelve equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Graco presently has an average rating of “Hold” and an average target price of $43.70.

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Graco Profile

Graco Inc designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. The Company specializes in equipment for applications that involve materials with viscosities, materials with abrasive or corrosive properties, and multiple-component materials that require ratio control.

Institutional Ownership by Quarter for Graco (NYSE:GGG)

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