Graco Inc. (GGG) Shares Bought by Signaturefd LLC

Signaturefd LLC increased its position in Graco Inc. (NYSE:GGG) by 727.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,235 shares of the industrial products company’s stock after buying an additional 1,965 shares during the quarter. Signaturefd LLC’s holdings in Graco were worth $101,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in shares of Graco by 140.5% during the first quarter. Northern Trust Corp now owns 1,298,830 shares of the industrial products company’s stock valued at $59,383,000 after purchasing an additional 758,808 shares during the last quarter. Fiera Capital Corp lifted its holdings in shares of Graco by 4.7% during the second quarter. Fiera Capital Corp now owns 9,937,963 shares of the industrial products company’s stock valued at $449,394,000 after purchasing an additional 447,854 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Graco by 3.0% during the first quarter. BlackRock Inc. now owns 14,423,083 shares of the industrial products company’s stock valued at $659,424,000 after purchasing an additional 420,393 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Graco by 5.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,672,685 shares of the industrial products company’s stock valued at $259,356,000 after purchasing an additional 286,419 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Graco by 12.2% during the first quarter. Russell Investments Group Ltd. now owns 2,088,179 shares of the industrial products company’s stock valued at $95,035,000 after purchasing an additional 227,135 shares during the last quarter. Institutional investors and hedge funds own 85.69% of the company’s stock.

Several equities research analysts have recently commented on GGG shares. Oppenheimer reaffirmed a “hold” rating on shares of Graco in a report on Wednesday, August 22nd. Zacks Investment Research downgraded Graco from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. DA Davidson set a $49.00 target price on Graco and gave the company a “hold” rating in a report on Monday, August 20th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $49.00 target price on shares of Graco in a report on Friday, July 27th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.17.

In related news, insider Caroline M. Chambers sold 97,500 shares of the company’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $47.10, for a total transaction of $4,592,250.00. Following the transaction, the insider now directly owns 119,092 shares of the company’s stock, valued at $5,609,233.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack W. Eugster sold 32,297 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $46.66, for a total value of $1,506,978.02. Following the transaction, the director now directly owns 103,251 shares in the company, valued at $4,817,691.66. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

Shares of NYSE GGG opened at $48.15 on Monday. Graco Inc. has a 12 month low of $39.21 and a 12 month high of $49.69. The firm has a market cap of $7.93 billion, a PE ratio of 33.67, a P/E/G ratio of 2.97 and a beta of 1.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.65 and a quick ratio of 1.64.

Graco (NYSE:GGG) last announced its earnings results on Wednesday, July 25th. The industrial products company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). The company had revenue of $424.60 million for the quarter, compared to analysts’ expectations of $421.19 million. Graco had a net margin of 18.07% and a return on equity of 40.67%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.38 earnings per share. research analysts anticipate that Graco Inc. will post 1.84 earnings per share for the current fiscal year.

About Graco

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. Its Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators.

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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