Graco Inc. (NYSE:GGG) Shares Bought by United Services Automobile Association

United Services Automobile Association raised its holdings in Graco Inc. (NYSE:GGG) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,645 shares of the industrial products company’s stock after acquiring an additional 637 shares during the quarter. United Services Automobile Association’s holdings in Graco were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of GGG. V Square Quantitative Management LLC increased its holdings in shares of Graco by 5.5% in the 2nd quarter. V Square Quantitative Management LLC now owns 2,309 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 120 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Graco by 7.1% in the second quarter. Harbor Capital Advisors Inc. now owns 2,031 shares of the industrial products company’s stock worth $161,000 after buying an additional 134 shares during the last quarter. iA Global Asset Management Inc. increased its holdings in Graco by 8.8% in the second quarter. iA Global Asset Management Inc. now owns 1,687 shares of the industrial products company’s stock worth $134,000 after buying an additional 136 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Graco by 1.9% in the first quarter. Park Avenue Securities LLC now owns 7,490 shares of the industrial products company’s stock worth $700,000 after buying an additional 139 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Graco by 6.3% in the second quarter. GAMMA Investing LLC now owns 2,397 shares of the industrial products company’s stock worth $190,000 after buying an additional 141 shares during the last quarter. 93.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on GGG. StockNews.com downgraded Graco from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. Royal Bank of Canada lowered their price target on Graco from $99.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Robert W. Baird lowered their price target on Graco from $87.00 to $86.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Finally, DA Davidson lowered their price target on Graco from $82.00 to $79.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $86.80.

Graco Trading Up 1.6 %

GGG opened at $81.35 on Tuesday. Graco Inc. has a 1-year low of $69.78 and a 1-year high of $94.77. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 2.69 and a beta of 0.81. The business has a 50 day moving average of $81.25 and a 200-day moving average of $84.34.

Graco (NYSE:GGG) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.01. Graco had a return on equity of 22.40% and a net margin of 23.16%. The company had revenue of $553.20 million during the quarter, compared to analysts’ expectations of $562.27 million. During the same period in the prior year, the business earned $0.75 earnings per share. Graco’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts predict that Graco Inc. will post 2.98 EPS for the current year.

Graco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 22nd were given a $0.255 dividend. The ex-dividend date was Monday, July 22nd. This represents a $1.02 annualized dividend and a yield of 1.25%. Graco’s dividend payout ratio (DPR) is currently 35.17%.

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.