Navellier & Associates Inc bought a new stake in Graco Inc. (NYSE:GGG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 84,441 shares of the industrial products company’s stock, valued at approximately $3,818,000. Navellier & Associates Inc owned about 0.05% of Graco at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its holdings in Graco by 53.5% in the 4th quarter. Meeder Asset Management Inc. now owns 3,174 shares of the industrial products company’s stock valued at $144,000 after purchasing an additional 1,106 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Graco by 286.6% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,363 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 2,493 shares during the last quarter. Hexavest Inc. boosted its holdings in Graco by 200.0% in the 4th quarter. Hexavest Inc. now owns 4,200 shares of the industrial products company’s stock valued at $190,000 after purchasing an additional 2,800 shares during the last quarter. Fiduciary Trust Co. acquired a new position in Graco in the 4th quarter valued at about $201,000. Finally, Ballentine Partners LLC acquired a new position in shares of Graco in the 3rd quarter worth approximately $210,000. Institutional investors own 64.67% of the company’s stock.
GGG has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Graco from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. B. Riley restated a “hold” rating and issued a $46.67 price objective on shares of Graco in a report on Wednesday, December 20th. SunTrust Banks restated a “hold” rating and issued a $45.00 price objective on shares of Graco in a report on Wednesday, January 31st. ValuEngine lowered shares of Graco from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Robert W. Baird restated a “hold” rating and issued a $47.67 price objective on shares of Graco in a report on Friday, December 15th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Graco presently has a consensus rating of “Hold” and an average price target of $47.33.
In other Graco news, VP Karen Park Gallivan sold 27,000 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $48.34, for a total transaction of $1,305,180.00. Following the sale, the vice president now directly owns 72,305 shares in the company, valued at approximately $3,495,223.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Caroline M. Chambers sold 9,939 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $42.03, for a total transaction of $417,736.17. Following the sale, the vice president now owns 30,615 shares in the company, valued at $1,286,748.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,689 shares of company stock worth $6,646,134. 5.70% of the stock is owned by company insiders.
Graco Inc. (NYSE:GGG) opened at $44.28 on Thursday. The company has a market cap of $7,448.68, a P/E ratio of 30.47, a PEG ratio of 2.35 and a beta of 1.15. Graco Inc. has a fifty-two week low of $29.70 and a fifty-two week high of $49.69. The company has a quick ratio of 1.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.31.
Graco (NYSE:GGG) last released its earnings results on Monday, January 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). The business had revenue of $374.90 million for the quarter, compared to analyst estimates of $369.53 million. Graco had a return on equity of 40.08% and a net margin of 17.12%. Graco’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 earnings per share. research analysts anticipate that Graco Inc. will post 1.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 2nd. Shareholders of record on Monday, April 16th will be issued a dividend of $0.1325 per share. The ex-dividend date of this dividend is Friday, April 13th. This represents a $0.53 dividend on an annualized basis and a yield of 1.20%. Graco’s dividend payout ratio (DPR) is presently 36.47%.
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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.
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