Graco Inc. (NYSE:GGG) Shares Acquired by Brinker Capital Investments LLC

Brinker Capital Investments LLC lifted its position in shares of Graco Inc. (NYSE:GGGGet Rating) by 2.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 13,981 shares of the industrial products company’s stock after purchasing an additional 273 shares during the period. Brinker Capital Investments LLC’s holdings in Graco were worth $838,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trust Co. of Vermont acquired a new stake in shares of Graco during the 3rd quarter worth $29,000. Castle Wealth Management LLC acquired a new stake in shares of Graco during the 2nd quarter worth $32,000. Tobam acquired a new stake in shares of Graco during the 2nd quarter worth $32,000. Eagle Bay Advisors LLC purchased a new stake in Graco during the 2nd quarter worth $35,000. Finally, Fifth Third Bancorp boosted its position in Graco by 76.8% during the 3rd quarter. Fifth Third Bancorp now owns 631 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 274 shares during the period. 85.85% of the stock is currently owned by institutional investors and hedge funds.

Graco Stock Performance

NYSE:GGG opened at $67.02 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.99 and a quick ratio of 1.91. The firm has a 50-day moving average of $68.52 and a two-hundred day moving average of $65.92. The stock has a market cap of $11.29 billion, a P/E ratio of 25.58, a PEG ratio of 3.04 and a beta of 0.80. Graco Inc. has a 1-year low of $56.48 and a 1-year high of $75.45.

Graco (NYSE:GGGGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The industrial products company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The company had revenue of $545.64 million during the quarter, compared to analysts’ expectations of $523.45 million. Graco had a net margin of 21.37% and a return on equity of 25.74%. On average, research analysts expect that Graco Inc. will post 2.6 earnings per share for the current fiscal year.

Graco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Wednesday, January 18th will be given a $0.235 dividend. This is a boost from Graco’s previous quarterly dividend of $0.21. This represents a $0.94 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, January 17th. Graco’s dividend payout ratio is presently 35.88%.

Insider Buying and Selling at Graco

In other Graco news, VP Angela F. Wordell sold 2,700 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $70.37, for a total value of $189,999.00. Following the completion of the transaction, the vice president now directly owns 12,372 shares of the company’s stock, valued at approximately $870,617.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Graco news, VP Angela F. Wordell sold 2,700 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $70.37, for a total value of $189,999.00. Following the completion of the transaction, the vice president now directly owns 12,372 shares of the company’s stock, valued at approximately $870,617.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Caroline M. Chambers sold 19,041 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $69.95, for a total transaction of $1,331,917.95. Following the transaction, the insider now directly owns 48,599 shares in the company, valued at approximately $3,399,500.05. The disclosure for this sale can be found here. 3.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Graco from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, November 14th. StockNews.com raised shares of Graco from a “hold” rating to a “buy” rating in a research report on Wednesday, January 18th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.50.

About Graco

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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 worldwide. The company's Industrial segment offers proportioning systems to spray polyurethane foam and polyurea coatings; 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, and precision dispensing solutions.

Further Reading

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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