Eurizon Capital SGR S.p.A. Invests $2.18 Million in Graco Inc. $GGG

Eurizon Capital SGR S.p.A. acquired a new position in shares of Graco Inc. (NYSE:GGG) in the 4th quarter, Holdings Channel reports. The fund acquired 26,538 shares of the industrial products company’s stock, valued at approximately $2,179,000.

Other institutional investors have also modified their holdings of the company. AE Wealth Management LLC lifted its position in shares of Graco by 32.7% during the 4th quarter. AE Wealth Management LLC now owns 398,336 shares of the industrial products company’s stock worth $32,652,000 after buying an additional 98,141 shares during the last quarter. Comerica Bank lifted its position in shares of Graco by 54.1% during the 4th quarter. Comerica Bank now owns 172,328 shares of the industrial products company’s stock worth $14,126,000 after buying an additional 60,486 shares during the last quarter. Raiffeisen Bank International AG lifted its position in shares of Graco by 191.8% during the 3rd quarter. Raiffeisen Bank International AG now owns 8,809 shares of the industrial products company’s stock worth $744,000 after buying an additional 5,790 shares during the last quarter. Swiss Life Asset Management Ltd lifted its position in shares of Graco by 40.5% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 45,544 shares of the industrial products company’s stock worth $3,869,000 after buying an additional 13,130 shares during the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in shares of Graco during the 4th quarter worth approximately $3,527,000. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Graco Price Performance

Shares of Graco stock opened at $74.01 on Wednesday. The firm’s fifty day simple moving average is $81.44 and its 200-day simple moving average is $84.69. The stock has a market capitalization of $12.28 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 2.38 and a beta of 0.93. Graco Inc. has a 12 month low of $73.56 and a 12 month high of $95.69.

Graco (NYSE:GGG) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.09). The business had revenue of $540.14 million during the quarter, compared to analyst estimates of $561.35 million. Graco had a net margin of 22.96% and a return on equity of 18.66%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 earnings per share. Analysts anticipate that Graco Inc. will post 3.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GGG. Robert W. Baird cut their target price on shares of Graco from $96.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Graco in a report on Friday, April 24th. Weiss Ratings cut shares of Graco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $85.00 target price on shares of Graco in a report on Monday, April 27th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $94.25.

Insider Transactions at Graco

In other news, Director Andrea Helen Simon acquired 1,240 shares of the company’s stock in a transaction on Monday, April 27th. The shares were bought at an average cost of $80.53 per share, with a total value of $99,857.20. Following the purchase, the director owned 1,240 shares of the company’s stock, valued at $99,857.20. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.18% of the company’s stock.

Graco Company Profile

Graco Inc is a leading manufacturer of fluid handling systems and components, headquartered in Minneapolis, Minnesota. Founded in 1926, the company has built a reputation for innovation in spray finishing, lubrication, and fluid management technologies. Graco’s solutions are designed to address the needs of paint and coatings applicators, general industry, and process fluids in a variety of end markets.

The company’s product portfolio includes airless and air-assisted spray equipment, pumps for oil and gas applications, industrial lubrication systems, and automated dispensing equipment.