Curated Wealth Partners LLC Makes New $720,000 Investment in Graco Inc. $GGG

Curated Wealth Partners LLC acquired a new stake in Graco Inc. (NYSE:GGG) in the third quarter, according to its most recent filing with the SEC. The fund acquired 9,375 shares of the industrial products company’s stock, valued at approximately $720,000.

Other large investors have also recently bought and sold shares of the company. Root Financial Partners LLC lifted its position in Graco by 43.2% during the first quarter. Root Financial Partners LLC now owns 504 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 152 shares during the last quarter. Essential Partners LLC increased its position in shares of Graco by 78.6% in the first quarter. Essential Partners LLC now owns 359 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 158 shares during the period. CWS Financial Advisors LLC grew its position in shares of Graco by 2.8% in the 1st quarter. CWS Financial Advisors LLC now owns 7,022 shares of the industrial products company’s stock worth $594,000 after buying an additional 193 shares during the last quarter. Aristides Capital LLC raised its holdings in Graco by 4.9% in the 4th quarter. Aristides Capital LLC now owns 4,720 shares of the industrial products company’s stock worth $387,000 after purchasing an additional 220 shares in the last quarter. Finally, Fulton Bank N.A. lifted its holdings in Graco by 5.0% in the second quarter. Fulton Bank N.A. now owns 5,270 shares of the industrial products company’s stock worth $398,000 after buying an additional 249 shares during the period. 93.88% of the stock is owned by institutional investors.

Graco Trading Up 1.5%

Shares of GGG opened at $81.71 on Friday. Graco Inc. has a 12 month low of $72.51 and a 12 month high of $95.69. The stock has a fifty day moving average price of $78.92 and a 200-day moving average price of $78.61. The firm has a market cap of $13.23 billion, a PE ratio of 25.70, a P/E/G ratio of 2.50 and a beta of 0.89.

Graco (NYSE:GGG) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.81 by $0.10. Graco had a return on equity of 19.54% and a net margin of 23.53%. The company had revenue of $590.55 million for the quarter, compared to analyst estimates of $608.06 million. During the same period last year, the company earned $0.75 earnings per share. Graco’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts forecast that Graco Inc. will post 3.22 EPS for the current year.

Graco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Monday, October 19th will be paid a $0.2950 dividend. The ex-dividend date of this dividend is Monday, October 19th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.4%. Graco’s dividend payout ratio (DPR) is 37.11%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GGG. Royal Bank Of Canada reduced their price objective on Graco from $96.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday. Weiss Ratings upgraded shares of Graco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Robert W. Baird set a $94.00 price objective on Graco in a research note on Friday, July 24th. DA Davidson reissued a “neutral” rating and set a $85.00 price target on shares of Graco in a report on Monday, July 27th. Finally, Wolfe Research cut shares of Graco from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Graco presently has a consensus rating of “Hold” and an average price target of $94.75.

Graco Company Profile

Graco Inc is a Minneapolis-based manufacturer of equipment used to manage, measure, control and apply fluids and coatings. Its products are used in industrial, commercial and residential applications, including fluid handling, lubrication, dispensing, sealing, bonding, painting and corrosion protection.

The company’s product portfolio includes pumps, valves, meters, regulators, controls, proportioning systems and spray equipment. Graco also supplies equipment for paint and texture application, protective coatings, sealants and adhesives, vehicle servicing, and the automated lubrication of machinery.